1、 Price trend

According to commodity data monitoring, the isopropanol market fell in a volatile manner this week. Last Thursday, the average price of isopropyl alcohol in China was 6880 yuan/ton, while this Thursday’s average price was 6760 yuan/ton. The price was reduced by 1.74% during the week.

2、 Market analysis

The market for isopropanol fell this week. At present, the market is generally stable, with weak market demand, coupled with a decline in upstream acetone prices, and weak cost support. Traders and downstream manufacturers are cautious in updating their buying sentiment, focusing on wait-and-see, purchasing as needed, and taking what they need. Up to now, most quotations for isopropanol in the Shandong region are around 6500-6900 yuan/ton; Most quotations for isopropanol in the Jiangsu and Zhejiang regions are around 6800-7000 yuan/ton.

Regarding raw material acetone, the acetone market fell this week. Last Thursday, the average price of acetone in Shandong was 6230 yuan/ton, while this Thursday’s average price was 6070 yuan/ton. During the week, the price was reduced by 2.57%. Currently, the continued downturn in the market is mainly due to poor procurement by downstream terminal factories and the scarcity of actual orders. Currently, the source of imported goods is limited and the supply is not loose, but the demand is difficult to improve. The pressure on traders to ship goods is high, and the quotation has declined in a narrow range. In addition, Sinopec has intensively lowered its price. The market’s confidence in the future market is significantly insufficient, and market transactions are mostly followed up by small orders.

In terms of propylene, the propylene market fell this week. Last Thursday, the average price of propylene in Shandong was 7386.6 yuan/ton, while this Friday’s average price was 7042.6 yuan/ton. During the week, the price was reduced by 4.66%. Currently, propylene inventory is under pressure, and the overall market atmosphere is poor. Downstream customers are more wait-and-see, cautious in buying, and just in need of procurement.

3、 Aftermarket Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the price of raw acetone has decreased, while the price of propylene has decreased. Support for raw materials is weak, market conditions are poor, downstream demand is weak, and buying remains cautious. It is expected that the isopropanol market will be weak and consolidated in the short term.