1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the isopropanol market fell this week. At the beginning of the week, the average price of isopropanol in China was 7190 yuan/ton, while the average price over the weekend was 7140 yuan/ton. During the week, the price decreased by 0.7%.

Figure: Comparison of price trends of 2-4 acetone and isopropanol

The domestic isopropanol market price fell this week. At present, the market situation is light, with upstream acetone prices falling and cost support average. The traders are not enthusiastic about taking the goods, and their confidence in the market price is weak. The lower reaches are more wait-and-see, and the actual orders are handled cautiously. As of now, the majority of quotations for isopropanol in the Shandong region are around 6700-7000 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 7200-7400 yuan/ton.

In terms of raw material acetone, the acetone market has declined this week. At the beginning of the week, the average price of acetone was 6493.75 yuan/ton. This weekend, the average price was 6317.5 yuan/ton, and the price was reduced by 2.71%., The purchasing enthusiasm of terminal factories is not high, and they just need to submit orders. Under the pressure of holders, there is a clear intention to sell at a profit, and market negotiations are lukewarm and slow, with limited transaction follow-up. Today, we are paying attention to the price adjustment trend of petrochemical enterprises, and it is expected that the short-term acetone market will be weak and difficult to adjust.

In terms of propylene, the propylene market rose first and then fell this week. At the beginning of the week, the average price of propylene in Shandong was 6870.6 yuan/ton, while the average price over the weekend was 6933.25 yuan/ton. During the week, the price increased by 0.91%. The inventory of the manufacturer is controllable, and the overall market is average. We should wait and see, and focus on just demand.

3、 Future Market Forecast

Isopropanol analyst from the Chemical Branch of the Business Society believes that the price of raw acetone has fluctuated and decreased, while the price of propylene has decreased. The support for raw materials is average, while downstream demand is tepid and tepid. Downstream and traders are cautious in purchasing and are more wait-and-see. It is expected that the isopropanol market will be weak in the short term and will continue to consolidate and operate.