1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol fell in April. On April 1st, the average price of isopropanol in China was 6670 yuan/ton, and on April 28th, the average price was 6563.33 yuan/ton, a decrease of 1.6% compared to the beginning of the month.
The market price of isopropanol fell in April. In the first ten days, the price of raw material acetone fell, and the support for raw materials was insufficient, leading to a decrease in isopropanol. In the middle of the month, the isopropanol market first rose and then fell, with raw material prices increasing and cost support. The attitude of holders of goods improved, and the offer slightly increased. However, the demand was average, and downstream demand for goods was mainly driven by urgent needs. In the latter half of the year, the price of raw material acetone rose, and the isopropanol market tentatively increased, but confidence in the future market was poor. As of now, most of the isopropanol market prices in Shandong are around 6400-6500 yuan/ton; The majority of prices in the isopropanol market in Jiangsu are around 6650-6700 yuan/ton. Overall, the confidence in the isopropanol market is average, with a focus on maintaining stability.
In terms of raw material acetone, the focus of the domestic acetone market fell mainly in April. The national acetone market has been trading at an average price of 6190 yuan/ton since April 1st, falling to 5900 yuan/ton on April 28th, a decrease of 4.68%. From the perspective of the acetone market in East China alone, the offer price for East China has been 5800 yuan/ton since April 28th. It is expected that the acetone market will continue to operate weakly in May.
In terms of propylene, the domestic propylene market fluctuated and fell in April. On April 1st, the market average was 6735.75 yuan/ton, and on March 31st, the average price was 6638.25 yuan/ton, a decrease of 1.45% in price. At present, manufacturers are offering discounts and downstream customers are purchasing at lower prices according to demand. It is expected that the market will remain weak and stable in the short term.
3、 Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price fell in April. Upstream propylene and acetone raw materials both fell, with weak cost support. Downstream procurement enthusiasm is poor, with a focus on wait-and-see measures, resulting in limited actual market transactions. It is expected that isopropanol will fluctuate in the short term, and more attention should be paid to the trend of the raw material market.