Isopropanol prices down this week (3.11-3.18)

1、 Price trend

 

Isopropanol prices fell this week, according to commodity data monitoring. The average price of isopropanol in China was 9633.33 yuan / ton last Thursday and 8966.67 yuan / ton this Thursday. The price was reduced by 6.92% within the week.

 

2、 Market analysis

 

Figure: price trend comparison of acetone and isopropanol from December to February

 

Isopropanol prices fell this week. Internationally, isopropanol in the United States rose sharply on March 16, while isopropanol market in Europe rose. So far, the negotiation range of isopropanol in Shandong Province is about 8600-8900 yuan / ton, and that of isopropanol in Jiangsu Province is about 8700-9200 yuan / ton. Zhejiang isopropanol negotiation range is around 8900-9000 yuan / ton. In recent days, the domestic isopropanol market is weak and the atmosphere in the market is empty.

 

In terms of raw material acetone, this week, petrochemical manufacturers concentrated on making up for the drop. Yesterday, the market negotiation reached 8450-8550 yuan / ton, which put pressure on the market holders. However, some of them still held high prices but could not come out at low prices. Near the closing, the market picked up slightly, and most of them offered 8500 yuan / ton. It is expected that the weak market in East China will advance steadily, and the market negotiation price in East China will be 8500 yuan / ton.

 

In terms of raw material propylene, the market price of propylene in Shandong fell today. The current market turnover is between 8500 ~ 8600 yuan / ton, and the mainstream price is about 8500 yuan / ton. The impact of low temperature still exists in the United States and the capacity recovery is general; the impact of propylene in Japan is reduced and the capacity recovery is slight. At present, the international production has recovered slightly, the domestic inventory is general, the crude oil price has decreased slightly, the downstream operation rate is acceptable, and the effect of increasing is not obvious. Moreover, propylene is still at a high level in the near future, and it is expected that there will be a slight downward trend in the future

 

3、 Future forecast

 

The isopropanol analyst of business society Chemical Branch said: the domestic isopropanol market trading atmosphere is light, and the factory inventory pressure is rising. Downstream wait-and-see sentiment is obvious, more inquiries, take goods very carefully, domestic isopropanol prices loose. The prices of raw materials acetone and propylene both fell, but they were still high. The cost was under pressure. The operating rate of acetone isopropanol was low, and the profit of propylene plant continued to weaken. However, the price of isopropanol is expected to decrease within a limited range in the short term.

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