1、 Price trend
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According to the monitoring of bulk commodity data, the isopropyl alcohol market fell this week. At the beginning of the week, the average price of domestic isopropyl alcohol was 6990 yuan/ton, and this Friday, the average price was 6920 yuan/ton. The price decreased by 1% during the week.
2、 Market analysis
The isopropanol market fell this week. The price of raw material acetone is tepid, and the price of propylene is lowered. Downstream buying enthusiasm is not high, cautious operation. Up to now, most of the isopropanol market quotations in Shandong are around 6800-7000 yuan/ton; Most of the quotations in Jiangsu and Zhejiang isopropanol markets are about 7000-7100 yuan/ton.
In terms of raw material acetone, the price of acetone was stable this week. Up to now, acetone has been quoted at 5800-6100 yuan/ton. The market is more wait-and-see, and the transaction is cautious.
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In terms of propylene, as of this Friday, the mainstream quotation of propylene market was 7200-7250 yuan/ton. Due to the large increase last week, the downstream appeared to wait and see, and the demand was restrained. In order to stabilize the flow of goods, the refinery lowered the price and gave up the increase. The current long short game in the propylene market is affected by the sharp drop of crude oil. Under the leadership of bad news, propylene prices are expected to continue to decline in a narrow range next week.
3、 Future market forecast
Isopropyl alcohol analysts from Chemical Branch of Business Cooperative believed that the price of raw material acetone was tepid and the price of propylene fell. The market price of isopropanol was lowered. At present, the market is light and the transaction is cautious. It is expected that the isopropanol market will operate in a narrow range in the short term. Pay attention to the subsequent raw material market trend.
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