1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic isopropanol market has been operating weakly and steadily this week. On Monday, the average price of isopropanol in China was 6670 yuan/ton, and on Friday it was 6660 yuan/ton, with a price reduction of 0.15%.

This week, the domestic isopropanol market has been operating weakly and steadily. The market for acetone on the raw material side has declined, with limited cost support. The trading atmosphere on the market is light, with a strong wait-and-see attitude. All holders of goods are maintaining stability in their trading ranges, while downstream buyers are in urgent need of goods and are cautious in their actual orders. As of now, most of the isopropanol market prices in Shandong are around 6600-6650 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 7100 yuan/ton.

In terms of raw material acetone, the market price of acetone has fallen this week. On Monday, the average price of acetone was 5971.5 yuan/ton, and on Friday it was 5830 yuan/ton. The domestic acetone market continued to decline, and the sentiment of terminal factories entering the market to replenish goods was average. The overall trading atmosphere was lukewarm, and traders arranged shipments according to the market. The actual negotiations and follow-up were limited, and the trading was average. The offers kept moving towards the low-end.

In terms of propylene, the propylene market fluctuated within the range this week. On Monday, the average price of propylene in China was 6790.75 yuan/ton, and on Friday it was 6833.25 yuan/ton, with a price increase of 0.63%. At present, the inventory of enterprises is low, and the downstream willingness to replenish inventory is increasing. It is expected that the market will experience strong 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 will remain stable and stable this week. The acetone market continues to decline, while propylene fluctuates within the range, with limited cost support. The enthusiasm for downstream procurement is average, and downstream procurement is mainly based on demand. It is expected that the isopropanol market will continue to stabilize and operate in the short term.