1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyishe, the market price of isopropanol has fallen this week. Last Thursday, the average price of isopropanol in China was 8480 yuan/ton, while this Thursday’s average price was 8340 yuan/ton. The price dropped by 1.65% during the week.
The market price of isopropanol has fallen this week. The overall trading situation in the market is average. The market price of raw material acetone rose first and then fell, with average cost support. The mentality of the isopropanol market is unstable, with relatively light trading on the market, and market prices are adjusting downwards. As of now, the majority of isopropanol market quotations in Shandong region are around 8100-8400 yuan/ton; The majority of quotes for isopropanol in the Jiangsu region are based on market reference prices of around 8400-8500 yuan/ton.
In terms of raw material acetone, the acetone market price fluctuated downward this week. Last Thursday, the average domestic acetone price was 7322.5 yuan/ton, while this Thursday’s average price was 7305 yuan/ton, a decrease of 0.24%. This week, the 650000 ton/year phenol ketone plant of Zhejiang Petrochemical Phase I was restarted, with the addition of imported goods. This week, the supply is relatively sufficient, and it is expected that acetone will maintain a range adjustment operation in the short term.
In terms of propylene, according to the commodity market analysis system of Business Society, the price of propylene in the market has increased this week. Last Thursday, the average domestic propylene price was 6885.75 yuan/ton, while this Thursday’s average price was 7074.6 yuan/ton, with a price increase of 2.74%. The current propylene market inventory is low, and enterprises have a clear willingness to push up prices, but high prices suppress demand. It is expected that the propylene market price will be strong and volatile in the short term.
3、 Future Market Forecast
The isopropanol analyst from the Chemical Branch of Shengyishe believes that the upstream acetone price fluctuated downward this week, while the propylene market price rose, and the overall cost support was average. The overall market for isopropanol is relatively light, and downstream enterprises replenish as needed, with more inquiries and cautious transactions. It is expected that the isopropanol market will fluctuate and consolidate in the short term.
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