1、 Price trend
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According to commodity data monitoring, isopropanol prices fell this week. The average price of isopropanol in China was 7125 yuan / ton last Thursday and 6975 yuan / ton this Thursday. The price fell by 2.11% during the week.
2、 Market analysis
Figure: comparison chart of price trend of acetone and isopropanol
The domestic isopropanol market price fell this week. At present, the orders of isopropanol manufacturers are for export. At present, the downstream demand for isopropanol in China is poor, the trading atmosphere is light, and the wait-and-see mood is strong. It is just needed, and you can buy as you use it. Up to now, most quotations of Shandong isopropanol are about 6900-7000 yuan / ton; Most of Jiangsu isopropanols are quoted at about 6800 yuan / ton. Internationally, isopropanol in the United States closed higher on July 12, while the European isopropanol market was weak and stable.
In terms of raw material acetone, Sinopec East China’s listing price was reduced by 300 yuan / ton on Monday, and 4900 yuan / ton was implemented. At the beginning of the week, Jiangyin’s inventory was increased to 54000 tons, and the profit value of phenol ketone enterprises fell again. Under the bad conditions of both factories and Hong Kong deposits, the market was depressed. At the beginning of the week, the shippers offered according to the market. The purchasing strength of the terminal factory was general, the trading volume on the floor was limited, the overall atmosphere was tepid, and the trading was insufficient. The business community expects the acetone market to be weak in recent days.
In terms of raw propylene, the market price of propylene rose. The average price of domestic propylene was 7460 yuan / ton last Thursday and 7634.6 yuan / ton this Thursday. The price rose by 2.33% during the week. The ability of the downstream to accept high prices has declined, market demand is dominated by rigid demand, market transactions are weak, and the overall purchase of downstream enterprises is still more cautious, mainly maintaining production. It is expected that the market will be stable and weak in the short term.
3、 Aftermarket forecast
Isopropanol analysts from the chemical branch of the business club believe that at present, domestic factories are mainly export orders, and the domestic isopropanol market demand is sluggish. Acetone price reduction and weak cost support. It is expected that the market focus of isopropanol will be downward in the short term.
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