1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic isopropanol market has been operating strongly this week. Last Thursday, the average price of isopropanol in China was 6660 yuan/ton, and this Thursday the average price is 6700 yuan/ton, with a price increase of 0.6%.
This week, the domestic isopropanol market has been operating strongly. The acetone market for raw materials has risen, and cost support is still acceptable. The ex factory prices of the main factories have been raised, and the mentality of the holders is good, which has boosted the market and actively pushed up the price. Downstream inquiries are active, and actual orders are cautious. The overall trading atmosphere in the market is still acceptable. Most of the isopropanol market prices in Shandong are around 6750-6800 yuan/ton; The majority of isopropanol market prices in Jiangsu and Zhejiang regions are around 6750-6800 yuan/ton, while prices in South China are around 7050 yuan/ton.
In terms of raw material acetone, the market price of acetone has increased this week. Last Thursday, the average price of acetone was 5837.5 yuan/ton, and this Thursday’s average price was 5890 yuan/ton, with a price increase of 0.9%. At the beginning of the week, the port inventory dropped to 28500 tons, and some terminal factories tendered for replenishment. The market trading atmosphere improved, and the mentality of traders was boosted, resulting in an upward shift in offers.
In terms of propylene, the propylene market fluctuated within the range this week. Last Thursday, the average price of propylene in China was 6770.75 yuan/ton, and this Thursday’s average price was 6768.25 yuan/ton, with a price drop of 0.04%. At present, upstream factories are experiencing differentiated shipments, while downstream factories are purchasing at a lower discount. It is expected that the market will experience fluctuations and consolidation in the short term.
3、 Future forecast
The isopropanol analyst from the Chemical Branch of Shengyi Society believes that the isopropanol market is operating strongly this week. Acetone market prices have risen, propylene has fluctuated within the range, and cost support is still acceptable. Downstream inquiries are active, procurement is cautious, and demand is the main focus. It is expected that the isopropanol market will strengthen and consolidate in the short term.
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