1、 Price trend

According to the monitoring of the Commodity Market Analysis System of Shengyi Society, the domestic isopropanol market has experienced a significant decline this week. On Monday, the average price of isopropanol in China was 6844 yuan/ton, and on Friday it was 6710 yuan/ton. The price dropped by 1.96% during the week.

The domestic isopropanol market experienced a slight decline in the early part of this week, but remained stable in the later stage. The production factory’s quotation remains stable, but the willingness of holders to lower their prices is not high. The market’s trading focus is stabilizing, and there is a strong wait-and-see sentiment in the market. They are cautious when purchasing goods due to urgent needs. As of now, most of the isopropanol market prices in Shandong are around 6600-6750 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 6800-6850 yuan/ton, while prices in the South China region are around 6900-7000 yuan/ton.

In terms of raw material acetone, the market price of acetone fluctuated slightly this week. The average price of acetone on Monday was 5792.5 yuan/ton, and on Friday it was 5800 yuan/ton. The price first rose and then fell, with a slight overall increase of 0.13%. At present, there is a decrease in low-priced goods in the market, and market trading needs to be followed up. It is expected that the market will strengthen and consolidate in the short term.

In terms of propylene, the propylene market fell first and then rose this week, indicating an overall decline in prices. On Monday, the average domestic propylene price was 6773.25 yuan/ton, and on Friday, the average price was 6703.25 yuan/ton, with a price reduction of 1.03%. At present, the inventory of enterprises has decreased, and downstream companies are replenishing inventory at low prices. It is expected that the market may strengthen and consolidate in the short term.

3、 Future forecast

The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price will first decline and then stabilize this week. The acetone market first fell and then rose, while the propylene market price decreased, with average cost support. Holders of goods have low willingness to lower their prices, and downstream procurement enthusiasm also needs to be followed up, with a focus on urgent needs. It is expected that the isopropanol market will continue to fluctuate and consolidate in the short term.