1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the market price of isopropanol increased in January. On January 1st, the average price of isopropanol in China was 7890 yuan/ton, and on January 30th, it was 8170 yuan/ton. The price increased by 3.55% during the month.

The market price of isopropanol increased in January. In the first ten days, the market price of acetone rose rapidly, confidence in isopropanol increased, the market improved, and inquiries from enterprises increased. The manufacturer’s quotation was relatively firm and upward. In mid month, market trading slowed down, and the isopropanol market temporarily stabilized and consolidated. In the latter half of the year, the isopropanol market remained strong and upward, with downstream restocking at the end of the year and immediate orders. As of now, the majority of isopropanol market quotations in Shandong region are around 7900-8100 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 8300-8500 yuan/ton.

In terms of raw material acetone, overall in January, the domestic acetone market price first rose and then fell, and overall, the price increased. On January 1st, the average price of acetone was 7062.5 yuan/ton, and on January 30th, the average price was 7225 yuan/ton. The price increased by 2.3% during the month. At present, the intention of terminal factories to restock has slowed down, and the trading atmosphere in the market has slightly declined with the market downturn. Transactions are limited, and it is expected that acetone will maintain a strong adjustment state.

In terms of propylene, the market average in early January was 6868 yuan/ton, with an average price of 6930.75 yuan/ton on January 30th, a monthly increase of 0.91%. In January, the upstream of propylene showed mixed ups and downs, with average cost support, while downstream derivatives showed mixed ups and downs. The main downstream of polypropylene slightly increased, but production was not high, suppressing demand for propylene. The propylene analyst from the Chemical Branch of Shengyishe believes that the current wait-and-see atmosphere in the propylene market is becoming stronger, and downstream entry into the market is cautious. It is expected that the price center in the short term will be unstable and there is a possibility of a downward trend.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of Shengyishe believes that in January, raw materials acetone and propylene rose one after another, providing strong cost support. As the end of the year approaches, downstream and traders are restocking more at the end of the year, and the market trading situation is good. It is expected that the isopropanol market will temporarily stabilize, consolidate and operate in the short term by the end of the year.