1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic isopropanol market fluctuated within a certain range this week. On Monday, the average price of isopropanol in China was 6760 yuan/ton, and on Friday it was 6760 yuan/ton, unchanged from Monday.

This week, the domestic isopropanol market fluctuated within a certain range. At present, the trading atmosphere on the exchange is light, with limited actual transactions. There is a strong wait-and-see attitude on the exchange, and there is a strong need to buy goods, so actual orders follow the market. As of now, most of the isopropanol market prices in Shandong are around 6700-6750 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 6950-7000 yuan/ton, while prices in the South China region are around 7050-7100 yuan/ton.

In terms of raw material acetone, the market price of acetone fluctuated slightly and fell this week. The average price of acetone on Monday was 5952.5 yuan/ton, and on Friday it was 5927.5 yuan/ton. Overall, the price decreased by 0.42%. At present, the domestic acetone market is slightly weak, with average production in terminal factories and a focus on purchasing for essential needs. There is a scarcity of active market entry and hoarding, and traders are affected by market sentiment, increasing their willingness to sell at a discount. The market is showing signs of stalemate, and it is expected that the acetone market will fluctuate within a certain range today.

In terms of propylene, the overall price of propylene in the market has decreased this week. On Monday, the average domestic propylene price was 6835.75 yuan/ton, and on Friday, the average price was 6810.75 yuan/ton, with a price reduction of 0.37%. At present, the inventory of enterprises has increased, and downstream demand is the main factor, with a strong wait-and-see attitude. It is expected that the market may experience a strong consolidation and operation in the short term.

3、 Future forecast

The isopropanol analyst from the Chemical Branch of Shengyi Society believes that the isopropanol market will fluctuate and consolidate within a certain range this week. The acetone market experienced a slight fluctuation and decline, while the propylene market price decreased, resulting in insufficient cost support. Downstream procurement enthusiasm is weak, with a focus on buying at low prices for essential needs. It is expected that the isopropanol market will continue to fluctuate and consolidate in the short term.