1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol fluctuated in February, with prices first falling, then rising, and then falling again. Overall, prices have slightly increased. On February 1st, the average price of isopropanol in China was 6660 yuan/ton, and on February 27th, the average price was 6670 yuan/ton, an increase of 0.15% compared to the beginning of the month.

The market price of isopropanol fluctuated in February, with prices first falling, then rising, and then falling again. In the first ten days, just after the Spring Festival holiday, downstream terminal demand recovered slowly, and the atmosphere of on-site actual trading was average, resulting in a decrease in enterprise prices. In the middle of the month, due to the rise in acetone prices and strong cost support, market prices quickly rose. In the latter half of the year, the upstream acetone market mainly experienced a downturn, with weak cost support and relatively light demand in the end market. Downstream procurement enthusiasm was not high, and transactions were cautious, resulting in a further decline in market prices. As of now, most of the isopropanol market prices in Shandong are around 6500-6600 yuan/ton; Most of the quotations in the isopropanol market in Jiangsu and Zhejiang regions are around 6800-6950 yuan/ton based on market reference prices.

In terms of raw material acetone, the domestic acetone market price increased in February. On February 1st, the average price of acetone was 6097.5 yuan/ton, and on February 27th, the average price was 6492.5 yuan/ton, with a price increase of 6.48%. At present, the trading atmosphere in the acetone market is still good, and the mentality of holders is good. It is expected that the acetone market will remain strong in the short term.

In terms of propylene, the domestic propylene market fluctuated and fell in February. On February 1st, the market was average at 6823.25 yuan/ton, and on February 27th, the average price was 6813.25 yuan/ton, a decrease of 0.47% in price. At present, there is no pressure on propylene inventory, and downstream purchases are made as needed. It is expected that propylene prices will experience slight fluctuations and consolidation in the short term.

3、 Future forecast

The isopropanol analyst from the Chemical Branch of Shengyi Society believes that the isopropanol market price first fell, then rose, and then fell again in February. At present, the confidence of cargo holders is average, and the demand in the terminal market is relatively light, resulting in a decrease in factory prices. However, due to the firm prices of raw materials and the recovery of downstream terminal procurement intentions, transactions are mainly driven by essential needs. It is expected that in the short term, isopropanol will remain cautious and the market will mainly stabilize and consolidate.