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 7790 yuan/ton, while the average price over the weekend was 8080 yuan/ton. During the week, the price increased by 3.72%.

The market price of isopropanol has increased this week. At present, the market situation is relatively good. The rapid rise in upstream acetone market prices has driven up the price of isopropanol. Downstream inquiries are relatively active, and procurement is on demand. Holders follow the market, and overall, the focus of market transactions is upward. As of now, the majority of quotations for isopropanol in the Shandong region are around 7800-8000 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 8400-8700 yuan/ton.

In terms of raw acetone, the upstream acetone market price has rapidly increased this week. At the beginning of the week, the average price of acetone was 6912.5 yuan/ton, while at the weekend, the average price was 7157.5 yuan/ton, with an increase of 3.54%. Factories have raised their listing prices in a concentrated manner, and the focus of market trading has been on the rise. Downstream investors are cautious in pursuing upward trends, with a focus on hard demand. It is expected that the price of acetone will be relatively strong in the short term.

In terms of propylene, according to the Commodity Market Analysis System of Business Society, the domestic propylene (Shandong) market price fell this week, with an average price of 7338.25 yuan/ton at the beginning of the week and 7133.25 yuan/ton on Sunday, a weekly increase of 3.07%. Propylene analysts from the Chemical Branch of the Business Society believe that the propylene market is further declining, with poor upstream supply and inventory accumulation, leading to a continuous downward shift in transaction focus. International oil prices have risen, but support for propylene is limited, and the market has a strong wait-and-see atmosphere. It is expected that the propylene market will continue to operate weakly in the short term.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the rapid rise in the market price of raw acetone has boosted confidence in the isopropanol market. On site positive support is mainly based on cost factors, supplemented by supply. Downstream wait-and-see sentiment worsens, operation is cautious, and on-demand is the main focus. It is expected that the isopropanol market will be mainly strong in the short term.