1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the market price of isopropanol has increased this week. At the beginning of the week, the average price of isopropanol in China was 7460 yuan/ton, while the average price over the weekend was 7700 yuan/ton. During the week, the price increased by 3.22%.

The market price of isopropanol has increased this week. At present, the market situation is still acceptable. The upstream acetone market has seen a high price decline, while propylene prices have slightly decreased, resulting in weak cost support. Downstream procurement tends to be cautious, with on-demand orders being the main focus, and many businesses maintaining a wait-and-see attitude. Overall, the market is relatively stagnant. As of now, the majority of quotations for isopropanol in the Shandong region are around 7000-7400 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 7600-8000 yuan/ton.

In terms of raw acetone, the upstream acetone market price fell this week. At the beginning of the week, the average price of acetone was 6987.5 yuan/ton, while at the weekend, the average price was 68505 yuan/ton. The price was reduced by 1.97%. This week, downstream demand for acetone was average, and the market atmosphere was relatively weak, resulting in a decline in prices.

In terms of propylene, according to the Commodity Market Analysis System of the Business Society, the domestic propylene (Shandong) market fell first and then rose this week. The average price of the Shandong market at the beginning of the week was 6738.25 yuan/ton, and the average price on Sunday was 6645.75 yuan/ton. The price was reduced by 1.37%. The trading atmosphere in the market this week was relatively light, and downstream procurement enthusiasm was average. The atmosphere improved over the weekend. It is expected that the propylene market will shake in the short term.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the price of raw acetone is declining, while the propylene market first falls and then rises. The overall cost support is weak, but manufacturers are interested in raising prices and the market is more wait-and-see. It is expected that the isopropanol market may experience a slight decline in the short term.