1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol has fallen this week. At the beginning of the week, the average price of isopropanol in China was 6750 yuan/ton, and over the weekend it was 6708 yuan/ton, with a price reduction of 0.62%.
The market price of isopropanol has fallen this week. The isopropanol market is sluggish, with weak demand and low purchasing enthusiasm, resulting in a decrease in factory ex factory quotations. The price of raw material acetone has fallen, and there is insufficient cost support. As of now, most of the isopropanol market prices in Shandong are around 6600-6900 yuan/ton; The majority of isopropanol market prices in Jiangsu region are around 6700-6900 yuan/ton.
In terms of raw material acetone, the domestic acetone market price has fallen. At the beginning of the week, the average price of acetone in China was 5805 yuan/ton, and the average price over the weekend was 5692.5 yuan/ton, with a price increase of 1.94%. The overall trading atmosphere was average, with petrochemical manufacturers lowering their listing prices during the week. Business Society predicts that the acetone market will consolidate and operate next week.
In terms of propylene, the domestic propylene market has slightly increased. At the beginning of the week, the market was at 6645.75 yuan/ton, and the average price over the weekend was 6665.75 yuan/ton, with a price increase of 0.3%. At present, the manufacturer’s outbound situation is slowing down, and downstream customers are choosing to purchase at a lower price. It is expected that the market will weaken and consolidate in the short term.
3、 Future forecast
The isopropanol analyst from the Chemical Branch of Shengyi Society believes that the decline in acetone market prices has led to a downward trend in the isopropanol market, resulting in a lack of overall market confidence and poor purchasing enthusiasm in downstream markets. Therefore, caution is the main focus. It is expected that the isopropanol market will experience weak consolidation in the short term, and more attention will be paid to changes in the raw material market.