1、 Price trend
According to the monitoring of the commodity market analysis system of Business Society, the market price of isopropanol fluctuated and fell this week. Last Thursday, the average price of isopropanol in China was 8360 yuan/ton, while this Thursday’s average price was 8330 yuan/ton. The price dropped by 0.36% during the week.
The market price of isopropanol fluctuated and fell this week. The overall trading situation in the market is light. The raw material acetone market is operating in a fluctuating range, with average cost support. The market situation for isopropanol is lukewarm, and the trust of traders is slightly lacking, resulting in weak market prices and consolidation. As of now, the majority of isopropanol market quotations in Shandong region are around 8100-8250 yuan/ton; The majority of quotes for isopropanol in the Jiangsu region are based on market reference prices of around 8400-8600 yuan/ton.
In terms of raw material acetone, the market price of acetone has fluctuated greatly this week. Last Thursday, the average domestic price of acetone was 7307.5 yuan/ton, while this Thursday’s average price was 7307.5 yuan/ton, and the price has fallen to the same level as last Thursday. At the beginning of the week, port inventory decreased, and traders had support in their mentality. They remained low and offered higher prices. However, downstream factories followed up with average inquiries, and market prices began to fall again.
In terms of propylene, according to the commodity market analysis system of Business Society, the propylene market has been relatively strong and volatile this week. Last Thursday, the average domestic propylene price was 6948.6 yuan/ton, while this Thursday’s average price was 6960.6 yuan/ton, with a price increase of 0.71%. The current overall trading situation of propylene is average, and the local refining inventory is temporarily under stable pressure. It is expected that the propylene market price will remain stable in the short term.
3、 Future Market Forecast
An isopropanol analyst from the Chemical Branch of Shengyishe believes that the upstream acetone price range has fluctuated this week, and the propylene market is relatively strong and volatile, with overall cost support being average. The overall market of isopropanol has not shown much improvement, and downstream enterprises are more cautious and cautious in trading. It is expected that the isopropanol market will remain weak in the short term, with consolidation and operation being the main focus.
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