1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic isopropanol market continued to decline in August. On August 1st, the average price of isopropanol in China was 8090 yuan/ton, and on August 30th, the average price was 7380 yuan/ton. The price dropped by 8.78% during the month.

The domestic isopropanol market continued to decline in August. In the first ten days, the overall market mentality has changed, and the flexibility of on-site prices has been adjusted. Some factories have foreign trade orders to execute, and there is no obvious inventory pressure in the factories. The manufacturer’s quotation has been raised. Some holders have tight inventory, unable to sell at low prices, and offer at high prices. In the middle of the month, the market trading was average, and the raw material acetone fell sharply, affecting the mentality of the isopropanol market and causing manufacturers to lower their quotes. Overall, take a closer look and be cautious when making transactions. In the latter half of the year, the raw material acetone market saw a decline in market quotations, affecting the mentality of the isopropanol market, and the focus of on-site negotiations remained relatively low. Overall, there is still insufficient follow-up on downstream demand this month, and the overall trading performance in the market is poor. We are cautious about purchasing goods and are cautious about actual orders. As of now, most of the isopropanol market prices in Shandong are around 7200-7250 yuan/ton; The majority of isopropanol prices in the Jiangsu Zhejiang region are around 7300-7400 yuan/ton. The quotation for the South China region is between 7500-7800 yuan/ton.

In terms of import and export, according to customs statistics, the export volume of isopropanol in China in July 2024 was 7618334 kilograms, a decrease of about 21.1% compared to the previous month. The export amount is 8594873 US dollars. From January to July 2024, the cumulative export volume of isopropanol in China was 100949003 kilograms, with a cumulative amount of 109703455 US dollars. According to customs statistics, the import volume of isopropanol in China in July 2024 was 6516028 kilograms, a month on month increase of 92.6%, with an import amount of 5437503 US dollars. From January to July 2024, the cumulative import volume of isopropanol in China was 24716311 kilograms, with a cumulative amount of 39607248 US dollars.

In terms of raw material acetone, the acetone market experienced a wide decline in August. On August 1st, the average price of acetone was 6975 yuan/ton, and on August 30th, the average price was 6387.5 yuan/ton, a decrease of 8.42% in price. After a wide decline in the acetone market in August, the operating rate of phenol ketone factories remained high, and the import contract goods arrived at the port normally, with sufficient supply. Traders still have shipment pressure; From the demand side, solvent terminal factories have seen an increase in demand for acetone as the weather cools down. Currently, acetone has bottomed out, making it a good time for the demand side to restock. In September, there will be a demand for stocking during the Double Festival holiday, and Business Society expects that trading will improve in the later period.

In terms of propylene, the propylene market fluctuated and fell in August. On August 1st, the average domestic propylene price was 7133.25 yuan/ton, and on August 30th, the average price was 6968.25 yuan/ton, with a price reduction of 2.04%. At present, the inventory of enterprises has increased, and downstream demand is average. We should wait and see, and be cautious when purchasing actual orders. It is expected that the market will experience fluctuations and consolidation in the short term.

3、 Future forecast

The isopropanol analyst from Business Society Chemical Branch believes that the domestic isopropanol market will continue to decline this month. The acetone market has experienced a wide decline in raw materials, while the propylene market prices have fluctuated and fallen, resulting in insufficient cost support. Demand for isopropanol exports in China decreased by 21.1% month on month in July. The international export situation is somewhat average, and the domestic downstream market is weak. It is expected that the short-term isopropanol market will continue to operate weakly, and we will pay attention to the subsequent cost trend.