1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the market price of isopropanol has increased this week. Last Thursday, the average price of isopropanol in China was 8080 yuan/ton, while this Thursday’s average price was 9080 yuan/ton. The price increased by 12.38% during the week.

The market price of isopropanol has rapidly risen this week. At present, there are more foreign trade orders and fewer on-site goods, leading to a rapid increase in market prices. The upstream acetone market price has risen, providing strong support for isopropanol. There are many downstream inquiries, procurement is cautious, and demand is primary. Holders follow the market. Overall, the focus of market transactions is upward. As of now, the majority of quotations for isopropanol in the Shandong region are around 8800-9000 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 9100-9600 yuan/ton.

In terms of raw acetone, the upstream acetone market price has rapidly increased this week. Last Thursday, the average price of acetone was 7157.5 yuan/ton, while this Thursday’s average price was 7662.5 yuan/ton, with a price increase of 7.06%. The factory has raised the listing prices in a centralized manner, and the negotiation atmosphere among traders has been positive. In the short term, it is time to stock up before November 11th, and the terminal demand is still good. Business Society predicts that acetone will strengthen and rise in the short term, with the mainstream negotiated price in East China at 7500 yuan/ton.

In terms of propylene, according to the Commodity Market Analysis System of Business Society, the domestic propylene (Shandong) market price has increased this week. The average price in the Shandong market was 7188.25 yuan/ton last Thursday, and 7265.25 yuan/ton this Thursday, with a weekly increase of 1.08%. At present, propylene enterprises have good outbound performance, and downstream factories are actively purchasing. It is expected that the propylene market will be mainly strong in the short term.

3、 Future Market Forecast

Isopropanol analysts from the Chemical Branch of the Business Society believe that the market prices of raw materials acetone and propylene have risen one after another, providing strong support for the raw materials. Internationally, isopropanol foreign trade orders are relatively good, and isopropanol factories mainly handle foreign trade. On the domestic side, there are fewer on-site sources of goods and prices are rising. Downstream, stay tuned, operate cautiously, and prioritize on demand. It is expected that the isopropanol market will continue to operate strongly in the short term.