1、 Price trend

According to commodity data monitoring, domestic isopropanol prices rose in March. The average price of isopropanol in East China was 6575 yuan / ton at the beginning of the month, 10233.33 yuan / ton at the end of the month, and the price rose by 55.64% in the month.

2、 Market analysis

Product: the market of isopropanol rose sharply this month. In the first two weeks of March, the domestic isopropanol market showed a downward trend, with weak supply and demand as a whole and cautious buying. Affected by the emergency, the isopropanol export market opened after March 13, and the isopropanol price rose sharply. Supported by foreign trade, domestic prices have also kept rising. Factories have sealed many offers, and traders are reluctant to sell, with high prices.

At present, isopropanol in the United States and Europe continues to rise sharply, and isopropanol exports continue to increase. From March 20, 2020, the export tax rebate of isopropanol will be increased from 10% to 13%, which will increase the external competitive advantage of isopropanol. As of the end of this month, the negotiation range of isopropanol in Shandong is about 10000-10200 yuan / ton, and that in Jiangsu is about 10000-10500 yuan / ton. In terms of the current international situation, the European market has a high demand for disinfectant and other resources, traders and buyers have turned to Asia to purchase isopropanol, and the export volume of isopropanol in China is expected to remain high in the near future.

Industrial chain: weak operation of upstream acetone market, with current quotation of 3700 yuan / ton in East China, 4100 yuan / ton in Shandong, 4150 yuan / ton for temporary stable operation in surrounding areas of Yanshan, and 4000 yuan / ton in South China. At present, the market price of propylene in Shandong is 5130-5800 yuan / ton, and the mainstream price is about 5200 yuan / ton. Affected by the international situation, the international crude oil market has repeatedly reported new lows.

3、 Future forecast

According to the isopropanol analyst from the chemical branch of business society, from the current situation in Europe, a large amount of demand for isopropanol in the European market will continue for some time, and the factories will be closed for many times, so traders are reluctant to sell. But in the short term, isopropanol spot is very tight, other chemical manufacturers also actively enter the market for inquiry, domestic prices remain high, follow-up attention to the change of news.