1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyishe, the market price of isopropanol first rose and then fell in December, and overall, the market price of isopropanol fell. On December 1st, the average price of isopropanol in China was 8100 yuan/ton, while on December 27th, the average price was 7890 yuan/ton. The price dropped by 2.59% during the month.
In December, the market price of isopropanol first rose and then fell, and overall, the market price of isopropanol fell. In the first ten days, the market for isopropanol was good, and downstream enterprises inquired more, so procurement was relatively cautious. Overall, the market trading is acceptable, and the manufacturer’s quotation is relatively firm and upward. In the middle of the month, the market situation was light and trading sentiment was average, while the isopropanol market fluctuated and fell. In the latter half of the year, the market price of isopropanol fell, and the overall trading sentiment in the market was poor. Downstream procurement is cautious, with on-demand orders being the main focus. Many businesses maintain a wait-and-see attitude, with few inquiries and slow shipments. As of now, the majority of isopropanol market quotations in Shandong region are around 7500-7800 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 7900-8200 yuan/ton.
In terms of raw material acetone, overall in December, the domestic acetone market prices fell. On December 1st, the average price of acetone was 7062.5 yuan/ton, and on December 27th, the average price was 6990 yuan/ton. The price for the month decreased by 1.03%. At present, the overall purchasing power of the downstream is limited, and the market focus is downward. It is expected that the domestic acetone market will be weak in the short term.
In terms of propylene, according to the commodity market analysis system of Business Society, the domestic propylene (Shandong) market fluctuated and fell in December. At the beginning of December, the market average was 7105.75 yuan/ton, with an average price of 6965.75 yuan/ton on December 27th, a monthly decrease of 1.97%. Currently, due to the influence of downstream polypropylene, market demand is weak and prices have slightly decreased. The propylene analyst from the Chemical Branch of Shengyishe believes that in the short term, there is an increasing trend in propylene supply, and the demand side is stable first. We closely monitor changes in the news side and anticipate a possible decline in the propylene market in the future.
3、 Future Market Forecast
An isopropanol analyst from the Chemical Branch of Shengyishe believes that the overall decline in raw material acetone in December is mainly due to the fluctuation of propylene, and cost support is slightly weak. As the end of the month approaches, downstream and traders remain cautious, resulting in poor market transactions. It is expected that the isopropanol market will operate weakly in the short term.
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