1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyishe, the market price of isopropanol remained stable with an increase this week. Last Thursday, the average price of isopropanol in China was 8340 yuan/ton, while this Thursday’s average price was 8360 yuan/ton. The price increased by 0.24% during the week.
This week, the market price of isopropanol remained stable with some increase. The overall trading situation in the market is average. The market price of raw material acetone has fluctuated and risen, and the cost support is still acceptable. The confidence in the isopropanol market is average, and the market situation is lukewarm. The market price range is relatively strong and consolidating. As of now, the majority of isopropanol market quotations in Shandong region are around 8100-8400 yuan/ton; The majority of quotes for isopropanol in the Jiangsu region are based on market reference prices of around 8400-8600 yuan/ton.
In terms of raw material acetone, the acetone market price fluctuated this week. Last Thursday, the average price of acetone in China was 7305 yuan/ton, while this Thursday’s average price was 7307.5 yuan/ton, with a price increase of 0.03%. At present, the trading situation in the acetone market is still acceptable. It is expected that the acetone market will operate strongly in the short term.
In terms of propylene, according to the commodity market analysis system of Business Society, the price of propylene in the market fell this week. Last Thursday, the average domestic propylene price was 7074.6 yuan/ton, while this Thursday’s average price was 6948.6 yuan/ton, a decrease of 1.78%. The current overall trading situation of propylene is average. It is expected that the propylene market price will be weak in the short term.
3、 Future Market Forecast
The isopropanol analyst from the Chemical Branch of Shengyishe believes that the upstream acetone price has been fluctuating strongly this week, while the propylene market price has declined, and the overall cost support is average. The overall market for isopropanol is lukewarm, and downstream enterprises are in urgent need of replenishment, so transactions are cautious. It is expected that the isopropanol market will remain strong in the short term, with consolidation and operation being the main focus.
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