1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the focus of the domestic isopropanol market has shifted downwards this week. Last Thursday, the average price of isopropanol in China was 7876 yuan/ton, and this Thursday’s average price was 7736 yuan/ton. The price dropped by 1.78% during the week.
This week, the focus of the domestic isopropanol market is downward. Overall, the market trading this week was average, with a significant drop in raw material acetone, which affected the market sentiment of isopropanol and led to a decrease in manufacturer quotes. Overall, take a closer look and be cautious when making transactions. As of now, most of the isopropanol market prices in Shandong are around 7600-7650 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 7750 yuan/ton, while in the South China region, the price is around 7900 yuan/ton.
In terms of raw material acetone, the market price of acetone has dropped significantly this week. Last Thursday, the average price of acetone was 6800 yuan/ton, and this Thursday’s average price was 6462.5 yuan/ton, a decrease of 4.96% in price. At present, the overall downstream demand is average, and the trading atmosphere on the market is not high.
In terms of propylene, the propylene market has been fluctuating this week. Last Thursday, the average price of propylene in China was 6873.25 yuan/ton, and on Friday it was 6875.75 yuan/ton, with a price increase of 0.04%. At present, the overall inventory of the enterprise is controllable, and downstream purchases are made according to demand, so we should wait and see. It is expected that the market situation will be weak in the short term.
3、 Future forecast
The isopropanol analyst from the Chemical Branch of Shengyi Society believes that the market price of isopropanol has fallen this week, and the raw material acetone has fallen sharply, affecting the mentality of the isopropanol market. Downstream demand is generally moderate, with primary demand being essential. It is expected that the isopropanol market will operate weakly in the short term, and attention should be paid to changes in the news.
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