1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic isopropanol market fluctuated and fell this week. On Monday, the average price of isopropanol in China was 8090 yuan/ton, and on Friday it was 7796 yuan/ton. The price dropped by 1.94% during the week.

This week, the domestic isopropanol market fluctuated and fell. Overall, there has been a shift in market sentiment this week, with price flexibility adjustments within the market. Some factories have foreign trade orders to execute, and there is no obvious inventory pressure in the factories. The manufacturer’s quotation has been raised. Some holders have tight inventory, unable to sell at low prices, and offer at high prices. The prices of some holders who mainly focus on profit taking are still mostly maintained. As of now, most of the isopropanol market prices in Shandong are around 7600-7700 yuan/ton; The majority of isopropanol market prices in the Jiangsu and Zhejiang regions are around 8100-8200 yuan/ton, while prices in the South China region are around 8200-8500 yuan/ton.

In terms of raw material acetone, the market price of acetone has fallen this week. The average price of acetone on Monday was 6962.5 yuan/ton, and on Friday it was 6802.5 yuan/ton, with a price drop of 2.3%. At present, the inventory at the port continues to accumulate, and the overall trading atmosphere downstream is not high.

In terms of propylene, the propylene market has experienced a decline this week. On Monday, the average domestic propylene price was 7135.75 yuan/ton, and on Friday, the average price was 7000.75 yuan/ton, with a price reduction of 1.89%. At present, enterprises are actively shipping, offering discounts and making downstream purchases at low prices according to demand. It is expected that the market will be more cautious in the short term, and market prices will be weak.

3、 Future forecast

The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price has fluctuated and fallen this week, and there is a lack of clear guidance on the market news. From the supply side, the manufacturer’s operating rate is not high, and there are foreign trade orders being executed, so the factory does not have obvious inventory pressure. From a demand perspective, downstream procurement enthusiasm is average, with a focus on essential needs. There is still a lack of substantial positive guidance in the market, and it is expected that the short-term isopropanol market will mainly fluctuate, with attention paid to changes in the news.