1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol first fell and then rose after the Spring Festival. On February 1st, the average price of isopropanol in China was 6660 yuan/ton, and on February 12th, the average price was 6720 yuan/ton, an increase of 0.9% compared to the beginning of the month.
After the Spring Festival, the market price of isopropanol first fell and then rose. The rising market price of raw material acetone has boosted confidence in the isopropanol market. The manufacturer’s prices have continued to rise, and the intention of holders to lower their prices has weakened. The focus of offers has shifted upwards, and downstream inquiries are average. Actual orders are cautious. As of now, most of the isopropanol market prices in Shandong are around 6600-6700 yuan/ton; The majority of isopropanol prices in the Jiangsu Zhejiang region are around 6800-6950 yuan/ton.
In terms of raw material acetone, the domestic acetone market price has risen after the Spring Festival. On February 1st, the average price of acetone was 6097.5 yuan/ton, and on February 12th, the average price was 6292.5 yuan/ton, with a price increase of 3.2%. The domestic acetone market continues to rise, and the atmosphere of on-site negotiations is still good. It is expected that the acetone market will remain stable in the short term.
In terms of propylene, the domestic propylene market fluctuated and rose after the Spring Festival. On February 1st, the market average was 6823.25 yuan/ton, and on February 12th, the average price was 6878.25 yuan/ton, an increase of 0.81%. At present, the shipment of propylene has weakened, and market trading activity has declined. Downstream purchases are being made at lower prices according to demand. It is expected that the price of propylene will remain stable and weak in the short term.
3、 Future forecast
An isopropanol analyst from the Business Society Chemical Branch believes that the price of raw material acetone has risen after the holiday, providing strong cost support. The propylene market fluctuated and rose. The intention of holders to lower their prices has weakened, and the focus of their offers has shifted upwards. Downstream investors are mainly cautious and cautious in buying. It is expected that in the short term, the isopropanol market will mainly focus on consolidation and operation.
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