1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the market price of isopropanol increased in August. At the beginning of the month, the average price of isopropanol in China was 7580 yuan/ton, while at the end of the month, the average price was 7700 yuan/ton. During the month, the price increased by 2.64%.

Overall, the market price of isopropanol increased in August. In the early days of the market, prices fluctuated and went up. Downstream procurement tends to be cautious, with on-demand orders being the main focus, and many businesses maintaining a wait-and-see attitude. In the middle of the month, the market price of isopropanol rose, while the upstream acetone market price first rose and then fell. The price of propylene increased, and cost support was still acceptable. The overall market trading is relatively active, with many inquiries on the market and difficult to find low prices, resulting in on-demand transactions. In late October, the isopropanol market declined and the trading atmosphere on the market was weak. The decline in upstream acetone prices has dampened confidence in the isopropanol market. Downstream orders are just in need, and the demand lacks support. They are cautious in picking up goods and mainly wait and see. The buying enthusiasm is not high, and the shipment from the holding company is relatively soft. As of now, the majority of quotations for isopropanol in the Shandong region are around 7400-7700 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 8000-8300 yuan/ton.

In terms of raw acetone, the domestic acetone market fluctuated and fell in August. At the beginning of August, the average price of acetone was 6987.5 yuan/ton, while at the end of August, the average price was 6850 yuan/ton. During the month, the price decreased by 1.97%. In August, the enthusiasm of terminal factories to enter the market was not high, and the wait-and-see sentiment in the market increased. Most factories were mainly based on contracts, while downstream processing enterprises entered the market with caution. The participation of intermediate traders was limited, and overall market trading was cautious. Business Society expects short-term adjustment of acetone range..

In terms of propylene, the domestic propylene (Shandong) market fluctuated in August and overall rose. At the beginning of August, the market average was 6713.25 yuan/ton, with an average price of 7000.75 yuan/ton on August 31st, a monthly increase of 4.28%. Due to the impact of maintenance on the propylene unit, supply has been tightened, and the enterprise’s inventory is under pressure, resulting in smooth production and sales. In terms of downstream demand, rigid demand is the main focus, with stable demand and a decent transaction atmosphere. Business Society predicts that the short-term trend of propylene will continue to be strong.

3、 Future Market Forecast

Isopropanol analyst from the Chemical Branch of the Business Society believes that the price of raw acetone has fluctuated downward, while the price of propylene has fluctuated upward, and overall cost support is still acceptable. At present, downstream orders are mainly received on demand, and many businesses maintain a wait-and-see attitude. It is expected that in the short term, the trading volume in the isopropanol market will be relatively light, and the market will be weak in consolidation and operation.