1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the market price of isopropanol increased in mid August. On August 11th, the average price of isopropanol in China was 7620 yuan/ton, and on August 21st, it was 7960 yuan/ton. In mid August, the price increased by 4.46%.

The market price of isopropanol rose in mid August. At present, the market situation is relatively good. The upstream acetone market price first rose and then fell, while the propylene price increased, and cost support is still acceptable. The overall market trading is relatively active, with many inquiries on the market and difficult to find low prices, resulting in on-demand transactions. Overall, the market is relatively stagnant. As of now, the majority of quotations for isopropanol in the Shandong region are around 7450-7900 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 8250-8500 yuan/ton.

In terms of raw material acetone, the market price of acetone rose first and then fell in mid August, and the overall price slightly decreased. On August 11th, the average price of acetone was 6895 yuan/ton, while on August 21st, the average price was 6887.5 yuan/ton. The price was reduced by 0.11%. The overall trading atmosphere in the market is anxious, with crude oil continuing to rise, providing some support for downstream industry chain market prices. However, the demand for goods is weak, and the push up is weak. In the short term, the market is mainly in the need for transactions.

In terms of propylene, according to the Commodity Market Analysis System of Business Society, the domestic propylene (Shandong) market fell first and then rose this week. The average price of propylene in the Shandong market was 6763.25 yuan/ton on August 11th and 685.75 yuan/ton on August 21st, with a price increase of 1.29%. The propylene market in Shandong fluctuated and rose. Due to the impact of maintenance on the propylene plant, supply has been tightened, coupled with the recent lack of inventory pressure and smooth production and sales, supporting the strong upward trend of propane prices. In terms of downstream demand, rigid demand is the main focus, with stable demand and a decent transaction atmosphere. Overall, some companies still have parking plans in the near future, and supply is expected to tighten. It is expected that the propylene market will operate stronger in the short term.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the price of raw acetone has slightly decreased, while the price of propylene in the market has increased. Overall cost support is still acceptable, and manufacturers are mainly holding up prices, resulting in a strong wait-and-see sentiment in the market. It is expected that the isopropanol market will operate in a volatile range in the short term.