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 6630 yuan/ton, while the average price over the weekend was 6460 yuan/ton. During the week, the price decreased by 2.56%.

The market price of isopropanol continued to decline this week. At present, the market situation is still light and trading sentiment is poor. The upstream acetone market price has fallen, and cost support is weak. Downstream procurement is cautious, with on-demand orders being the main focus. Most businesses maintain a wait-and-see attitude, with fewer inquiries and more wait-and-see, resulting in slow shipments. As of now, the majority of quotations for isopropanol in the Shandong region are around 6100-6400 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 6600-6800 yuan/ton.

In terms of raw material acetone, the market price of acetone has been lowered this week. At the beginning of the week, the average price of acetone was 5270 yuan/ton, while on Friday, the average price was 5237.5 yuan/ton. The price was reduced by 0.62%. This week, there was a serious lack of follow-up on the demand side of the market, with very few customers actively entering the market for procurement. Holders were under pressure and had a high intention to sell out. Major mainstream market quotations continued to decline, and factories had to lower their listing prices multiple times in an inverted situation. Downstream factories were mainly wait-and-see, which hindered their procurement pace.

In terms of propylene, according to the commodity market analysis system of the Business Society, the propylene market in Shandong has been fluctuating and rising this week, but the rise is weak. At the beginning of the week, due to the widening price difference between downstream PP and propylene, there was a certain profit margin in the downstream, and procurement was more active. Propylene enterprises took advantage of the trend and drove up. In the second half of the week, due to the impact of surrounding land prices and sources of goods, coupled with the decline in crude oil prices, the mentality of the industry was dragged down. Propylene prices stopped falling and retreated. At the same time, the wait-and-see atmosphere on the market became increasingly strong, suppressing price increases.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the price of raw acetone has decreased, and the propylene market has fluctuated and risen. However, the increase is weak, overall cost support is weak, downstream demand is still weak, and overall market confidence is insufficient. Operators should be cautious and wait, and purchase according to their needs. It is expected that the isopropanol market will be weak in the short term and will continue to consolidate and operate.