1、 Price trend
According to commodity data monitoring, isopropanol prices fell this week. At the end of last week, the average price of isopropanol in China was 8133.33 yuan / ton, while that on Thursday was 7900 yuan / ton. During the week, the price dropped by 2.87%.
2、 Market analysis
The price of isopropanol fell this week, and the price of isopropanol was still weak due to the fall of acetone last week. Internationally, isopropanol in the United States fell sharply on October 27, while the European isopropanol market closed up sharply. So far, the negotiation range of isopropanol in Shandong Province is about 7700-7900 yuan / ton, and that of Jiangsu Province is about 8000-8200 yuan / ton. Zhejiang isopropanol negotiation range is about 7800 yuan / ton. The quotation of isopropanol from propylene process is about 8000 yuan / ton.
In terms of raw materials, this week’s raw material acetone market is in a stable transition stage. Sinopec’s factory lowered the price twice in a row last week, and the market center of gravity went down. After the sharp decline, large traders were reluctant to sell, and the offer was suspended. The market was stable. There was a slight correction in the market near the weekend, and the trading atmosphere was improved. However, the overall transaction follow-up was not optimistic. At present, the acetone market is stable, and the market range of East China is expected to be 6550-6650 yuan / ton. Lack of support for isopropanol.
As for propylene, as of October 28, the market price of propylene in Shandong continued to decline, falling below the March low. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to hold steady, but from 17 to 19, the price dropped by about 200 yuan / ton, from 20 to 23, a significant downward trend began on October 24, and today it has dropped about 400 yuan / ton The market transaction is between 6800 yuan / ton and 7400 yuan / ton, and the mainstream price is about 6900 yuan / ton. The price has reached the price in late August. Delivery pressure increased. The support for isopropanol is particularly weak.
3、 Future forecast
Isopropanol analysts of chemical branch of business society think: raw material acetone price weak finishing, propylene market price down. Cost support is weak. The domestic market demand is light, and traders mainly wait and see. The domestic isopropanol market was weak and declined, and the atmosphere was empty. It is expected that the price of isopropanol will continue to fall in the short term, and the follow-up attention will be paid to the changes in the news.
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