1、 Price trend
| PVA |
According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic isopropanol market continued to decline in mid July. On July 11th, the average price of isopropanol in China was 8550 yuan/ton, and on July 19th, the average price was 8520 yuan/ton, with a price drop of 0.35%.
The domestic isopropanol market continued to decline in mid July. The overall market situation is relatively light, with poor trading and a strong wait-and-see attitude. Downstream inquiries are average. The recent operating rate has increased compared to before. As of now, most of the isopropanol market prices in Shandong are around 8400-8600 yuan/ton; The majority of isopropanol prices in the Jiangsu Zhejiang region are around 8600-8700 yuan/ton.
In terms of raw material acetone, the acetone market first rose and then fell in mid July. On July 11th, the average price of acetone was 7767.5 yuan/ton, and on July 19th, the average price was 7747.5 yuan/ton. Overall, the price decreased by 0.26%. At present, the acetone market continues to decline, downstream demand is limited, on-site follow-up of actual orders is limited, and trading is average.
In terms of propylene, the propylene market has fluctuated and risen this week. On July 11th, the average domestic propylene price was 7190 yuan/ton, and on July 19th, the average price was 7220.75 yuan/ton, with a price increase of 0.42%. At present, the inventory of enterprises is low, and downstream demand is still acceptable. It is expected that the market will operate steadily with a moderate to strong trend in the short term.
3、 Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price will continue to decline in mid July. The acetone market is weak, while the propylene market price is fluctuating and rising, with average cost support. The enthusiasm for downstream procurement is poor, with a focus on essential needs. It is expected that the isopropanol market will operate weakly and steadily in the short term.
| http://www.pva-china.net |