1、 Price trend

According to commodity data monitoring, isopropanol prices continued to decline this week. The average price of domestic isopropanol was 7733.33 yuan / ton last Friday and 7466.67 yuan / ton this Friday. The price decreased by 3.45% during the week.

2、 Market analysis

Figure: comparison of price trend of acetone and isopropanol from August to October

This week, the focus of the domestic isopropanol market continued to move downward, the price of raw acetone was weak, and the cost suppressed the market mentality. Traders are more cautious in taking goods. Most of the downstream are wait-and-see. The overall trading atmosphere of the market is light, and the isopropanol market quotation fell. Up to now, most quotations of Shandong isopropanol are about 7400 yuan / ton; Most quotation ranges of Jiangsu isopropanol are about 7500 yuan / ton; Most quotations of isopropanol in Zhejiang are about 7500 yuan / ton. Internationally, on November 16, the isopropanol market in the United States closed stable and the isopropanol market in Europe closed stable.

In terms of raw material acetone, the trading atmosphere is general, the offer range of the holder fluctuates, the pressure increases, and the shipping mood improves. However, the participation of intermediate traders is very little, while the terminal factory is completely in the state of just needing follow-up, the trading surface is cold, and the actual order is less heard. The business community expects the weak adjustment of acetone market today, and the offer in East China market is expected to be 5600-5700 yuan / ton.

In terms of raw material propylene, the propylene price began to stabilize after a slight rise this week. As of Friday, the propylene price in Shandong market was 7800-7900 yuan / ton, and some factories adjusted slightly. The wait-and-see mentality of downstream procurement is dominant, the shipment pressure of propylene manufacturers increases slightly, the operation of downstream units is basically stable, and the procurement is mainly based on use and production. The overall market performance is average, there is no obvious positive factor guidance, and the price consolidation operation.

3、 Future forecast

The isopropanol analyst of the chemical branch of business society believes that the focus of the domestic isopropanol market is downward. Weak adjustment of raw materials and insufficient cost support. The downstream is mostly wait-and-see, and the overall trading atmosphere of the market is general. It is expected that in the short term, the market will wait and see, and the price is weak.