1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the isopropanol market has slightly increased this week. At the beginning of the week, the average price of isopropanol in China was 6420 yuan/ton, while on Sunday it was 6460 yuan/ton. The price increased slightly during the week, with a range of 0.62%.

The isopropanol market slightly increased this week. At present, the market situation is average. The upstream acetone market price rose first and then fell, while the price of propylene rose, and cost support was still acceptable. Downstream procurement remains cautious, with on-demand orders being the main focus, and many businesses maintaining a wait-and-see attitude. Overall, it is relatively stagnant. As of now, the majority of quotations for isopropanol in the Shandong region are around 6200-6500 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 6700-7000 yuan/ton.

In terms of raw acetone, the upstream acetone market price rose first and then fell this week. The average price of acetone at the beginning of the week was 5550 yuan/ton, while the average price on Sunday was 5482.5 yuan/ton. The price has been reduced by 1.22%. This week, downstream demand for acetone was average, and the market atmosphere was relatively weak, resulting in a decline in prices.

In terms of propylene, according to the Commodity Market Analysis System of Business Society, the domestic propylene (Shandong) market has slightly increased this week. The average price of the Shandong market at the beginning of the week is 6243.25 yuan/ton, and the average price on Sunday is 6425.75 yuan/ton, with a weekly increase of 2.92%. Propylene analysts from the Chemical Branch of the Business Society believe that due to the low price of propylene and the active entry of downstream markets, the market trading atmosphere has improved, and the inventory pressure of propylene enterprises has relatively decreased, leading to a slight increase in prices. It is expected that the propylene market will consolidate and operate in the short term.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the upstream acetone market price of raw materials first rises and then falls, while the price of propylene increases, with average cost support. In addition, downstream demand is still average, and overall, the trading situation is relatively light. It is expected that the isopropanol market will temporarily stabilize and operate in the short term, with the possibility of a decline.