1、 Price trend
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According to commodity data monitoring, isopropanol prices continued to decline this week. The average price of domestic isopropanol was 6783.33 yuan / ton last Thursday and 6850 yuan / ton this Thursday. The price increased by 0.98% during the week.
2、 Market analysis
Figure: comparison of price trend of acetone and isopropanol from October to December
The domestic isopropanol market picked up slightly this week. The raw material acetone market continued the downturn trend, and the cost suppressed the market mentality. The downstream orders were received cautiously, the buying enthusiasm was limited, and the price picked up slowly. Up to now, most quotations of Shandong isopropanol are about 6700-6800 yuan / ton; Most quotation ranges of Jiangsu isopropanol are about 7050 yuan / ton; Most quotations of isopropanol in Zhejiang are about 7000 yuan / ton. Internationally, on December 14, the U.S. isopropanol closed down, and the European isopropanol market closed basically stable.
In terms of raw acetone, the domestic acetone market continued to be depressed. On December 15, the offer in East China market was 5275 yuan / ton and on December 22, it was 5240 yuan / ton, which continued to run at a low level. In terms of the national market, as of the 22nd, the bottom rebound in East China was 50 yuan / ton, the negotiation was 5180-5200 yuan / ton, the offer in Shandong and Yanshan surrounding areas was 5200 yuan / ton, and the offer in South China was 5350 yuan / ton. The business agency expects the short-term acetone market range to be sorted and operated, and the reference price negotiated in East China is 5150-5200 yuan / ton.
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In terms of raw propylene, as of the 22nd, the trend of propylene (Shandong) tends to be stable, and the mainstream price of propylene in Shandong is 7400-7450 yuan / ton. Recently, the price of crude oil fluctuates all the way, which has limited boost to the propylene market. The downstream market is dominated by just demand, the procurement atmosphere is not high, the market supply is sufficient, and the demand pull is limited.
3、 Future forecast
The isopropanol analyst of the chemical branch of business society believes that the domestic isopropanol market has warmed up slightly. The prices of raw materials acetone and propylene are still weak, and the cost support is insufficient. Operators should wait and see. It is expected that in the short term, the isopropanol market will be dominated by stalemate, consolidation and operation.
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