1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic isopropanol market fluctuated and fell this week. On Monday, the average price of isopropanol in China was 8450 yuan/ton, and on Friday it was 8380 yuan/ton. The price dropped by 0.83% during the week.

This week, the domestic isopropanol market fluctuated and fell. On Wednesday, the propylene process unit of Zhejiang Xinhua was shut down for maintenance, resulting in a slight increase in on-site prices in Jiangsu. Prices have fallen again over the weekend. Overall, the market performance is average, with a strong wait-and-see attitude within the market. Downstream inquiries are average, and there is a strong need to purchase goods. Actual orders are cautious. As of now, most of the isopropanol market prices in Shandong are around 8200-8350 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 8500-8600 yuan/ton, while in the South China region, the price is around 8775 yuan/ton.

In terms of raw material acetone, the market price of acetone has fallen this week. The average price of acetone on Monday was 7742.5 yuan/ton, and on Friday it was 7450 yuan/ton. Overall, the price decreased by 3.78%. At present, the fundamentals of acetone continue to decline, and traders are actively shipping at low prices. Downstream factories purchase according to demand, and it is expected that the short-term acetone price in the East China market will be between 7300-7400 yuan/ton.

In terms of propylene, the propylene market fell first and then rose this week. On Monday, the average domestic propylene price was 7145.75 yuan/ton, and on Friday, the average price was 7140.75 yuan/ton, with a price reduction of 0.07%. At present, the inventory of enterprises is low and there is no pressure. Downstream purchases are made according to demand, and it is expected that the market will experience slight fluctuations and consolidation in the short term.

3、 Future forecast

The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price has fluctuated and fallen this week. The acetone market is declining, while the propylene market prices are fluctuating and consolidating, with average cost support. The enthusiasm for downstream procurement is average, with a focus on essential needs. It is expected that the isopropanol market will operate weakly in the short term.