1、 Price trend

According to commodity data monitoring, isopropanol prices fell this week. At the beginning of this week, the average price of domestic isopropanol was 8033.33 yuan / ton, and at the end of this week, the average price was 7966.67 yuan / ton. During the week, the price decreased by 0.83%.

2、 Market analysis

Figure: comparison of price trend of acetone and isopropanol from August to October

Isopropanol prices fell this week. At present, the overall market trading atmosphere is light, the confidence of the industry is insufficient, the traders maintain a wait-and-see state, there are few downstream inquiries, the shipment is slow, and the price drops. Up to now, most quotations of Shandong isopropanol are about 7800-7900 yuan / ton; Most quotation ranges of Jiangsu isopropanol are about 8000 yuan / ton; Most quotations of isopropanol in Zhejiang are about 8000 yuan / ton. Internationally, on November 3, isopropanol in the United States closed stable and isopropanol market in Europe closed up.

In terms of raw material acetone, the domestic acetone market price has been lowered. At present, the raw material end trading is cold and weak. The whole bulk chemical market has an obvious decline, the cost support is weak, the mentality of the shippers is under pressure, and the shipping intention is enhanced. However, the pace of replenishment of the terminal into the market is blocked, and the volume of firm offer transactions is limited. The business community expects the acetone market to adjust weakly in the short term. According to the monitoring of bulk commodity data, the average price of domestic acetone was 6475 yuan / ton at the beginning of this week and 6275 yuan / ton at the end of this week. The price decreased by 3.09% during the week.

In terms of raw propylene, according to the bulk list data of business society, the market price of domestic propylene (Shandong) maintained a downward trend this week. At the beginning of the week, the market was 8175 yuan / ton, and the average price at the weekend was 7717 yuan / ton, a decrease of 4.89%. After the golden nine silver ten, the chemical product market began to fall. In the face of the double negative impact, it is expected that the recent trend of propylene will continue to fluctuate and decline.

3、 Future forecast

The isopropanol analyst of the chemical branch of business society believes that the focus of the domestic isopropanol market is downward. The prices of raw materials acetone and propylene have been lowered one after another, and the support of raw materials for isopropanol is weak. At present, the trading atmosphere in the market is poor, the overall transaction is relatively cold, the confidence of the industry is insufficient, more bearish, traders remain on the sidelines, less downstream inquiries and slow shipment. It is expected that the price of isopropanol will continue to tilt downward in the short term.