1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the isopropanol market first fell and then rose in November, and overall the price has increased. On November 1st, the average price of isopropanol in China was 6670 yuan/ton, and on November 29th, the average price was 6710 yuan/ton. The price increased by 0.6% during the month.

In November, the isopropanol market first fell and then rose, indicating an overall increase in prices. The acetone market for raw materials fell in the first half of the year, with limited cost support. The trading atmosphere on the market is light, with a strong wait-and-see attitude, and all holders maintain stability in their trading ranges. The trading atmosphere in the mid market was weak, and the sentiment of holders offering discounts and selling increased, resulting in a decline in the price of isopropanol in the market. In the second half of the month, market prices first rose and then fell. The acetone market on the raw material side rose, and the ex factory prices of the main factories increased. Holders of goods had a good mentality, and on-site offers actively pushed up prices. At the end of the month, downstream wait-and-see sentiment was strong, and the market followed suit, resulting in a slight decline in prices. As of now, most of the isopropanol market prices in Shandong are around 6750-6800 yuan/ton; The majority of prices in the isopropanol market in Northeast China are around 6600-6700 yuan/ton, in Jiangsu and Zhejiang regions around 6800 yuan/ton, and in South China region around 7150 yuan/ton.

In terms of import and export, according to customs statistics, the export volume of isopropanol in China in October 2024 was 22237412 kilograms, with an export value of 21434575 US dollars. From January to October 2024, the cumulative export volume of isopropanol in China was 83674280 kilograms, with a cumulative amount of 171066488 US dollars. According to customs statistics, the import volume of isopropanol in China in May 2024 was 3202398 kilograms, with an import amount of 5244861 US dollars. From January to October 2024, the cumulative import volume of isopropanol in China was 43668875 kilograms, with a cumulative amount of 65796726 US dollars.

In terms of raw material acetone, the domestic acetone market first rose and then fell in November, and the overall market price fell. On November 1st, the average price of acetone in China was 6017.5 yuan/ton, and on November 29th, the average price was 5859 yuan/ton. The price dropped by 2.04% during the month. Overall, the sentiment of domestic acetone terminal factories entering the market for replenishment is average, and the overall trading atmosphere is lukewarm. Traders arrange shipments according to the market, and actual negotiations and follow-up limited transactions are average.

In terms of propylene, according to the Commodity Market Analysis System of Shengyi Society, the domestic propylene (Shandong) market fluctuated within a certain range in November. At the beginning of November, the market average was 6785.75 yuan/ton, and on November 29th, the average price was 6845.75 yuan/ton, with a monthly increase of 0.88%. In the short term, the inventory of propylene enterprises is still acceptable, overall controllable, and downstream purchases are made according to demand. It is expected that propylene will continue to fluctuate strongly in the short term.

3、 Future forecast

An isopropanol analyst from Business Society Chemical Branch believes that in November, the domestic raw material acetone price fell and the propylene range fluctuated, with average cost support. Downstream market demand is light, and there is a wait-and-see attitude in the market, with cautious actual transactions. It is expected that in the short term, isopropanol will remain cautious and the market will weaken, leading to consolidation behavior.