1、 Price trend
According to the monitoring of the Commodity Market Analysis System of the Business Society, the isopropanol market fell this week. Last Thursday, the average price of isopropanol in China was 7140 yuan/ton, while this Thursday’s average price was 6890 yuan/ton. The price fell by 3.5% during the week.
The domestic isopropanol market price fell this week. At present, the market situation is light, and the focus of the domestic isopropanol market is downward. Upstream acetone and propylene have fallen one after another, weakening cost support. Downstream procurement enthusiasm is poor, with on-demand orders being the main focus. Most businesses maintain a wait-and-see attitude, with fewer inquiries and more wait-and-see behavior, resulting in slow shipments. As of now, the majority of quotations for isopropanol in the Shandong region are around 6600-6900 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 6900-7400 yuan/ton.
In terms of raw material acetone, the acetone market has declined this week. Last Thursday, the average price of acetone was 6420 yuan/ton, while this Thursday’s average price was 5987.5 yuan/ton. The price has been reduced by 6.74%. The downward adjustment of factories has a significant negative impact on the market. Although the operating rate of domestic phenolic ketone plants has declined and the inventory pressure of manufacturers is not high, market trading is sluggish, with fewer active inquiries from terminals and insufficient actual orders.
In terms of propylene, this week’s propylene market situation has decreased. Last Thursday, the average price of propylene in Shandong was 6952.6 yuan/ton, while this Thursday’s average price was 6450.75 yuan/ton. During the week, the price decreased by 7.22%. Due to the sluggish demand market and a significant increase in upstream inventory, factories have continued to reduce prices and inventory to stimulate sales. However, the demand increase is limited, and downstream procurement is cautious, creating a strong wait-and-see atmosphere. It is expected that there will be no significant improvement in downstream demand in the short term, and the propylene market will maintain a weak trend.
3、 Future Market Forecast
Isopropanol analysts from the Chemical Branch of the Business Society believe that the prices of raw materials acetone and propylene have declined significantly, with weak overall support, weak downstream demand, and poor overall trading sentiment in the market. Downstream and traders have low enthusiasm for procurement and lack market confidence. Watch with caution. It is expected that the isopropanol market will be weak in the short term and will continue to consolidate and operate.
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