Price trend

According to the data of SunSirs, the price of isopropanol fell this week. At the beginning of the week, the average domestic price of isopropanol was 6,600 RMB/ton, and the average price on the weekend was 6,300 RMB/ton. The price fell by 4.55% during the week.

Analysis review        

Product: The domestic isopropanol market fell this week. Traders wait and see with strong emotions, downstream demand has decreased, and lack of support. The overall supply and demand side is weak and buying is cautious. As of the weekend, the negotiation range of isopropanol in Shandong area was about 6,200-6,300 RMB/ton, and the propylene method isopropanol was about 7,000 RMB/ton. The isopropanol negotiation range in Ningbo area of Zhejiang is around 6,150-6,200 RMB/ton, the isopropanol negotiation range in Jiangsu area is 6,200-6,300 RMB/ton, and the isopropanol negotiation range in South China Guangdong area is around 6,600 RMB/ton.

Industrial chain: From the upstream point of view, the domestic acetone market continued to decline this week. At present, the manufacturers listed 5,500 RMB/ton, and the market is mainly down. The price of the propylene market in Shandong this week is roughly stable, and the prices of individual companies have fallen slightly. The current market turnover is about 6,630-7,050 RMB/ton, and the mainstream price is 6,670-6,700 RMB/ton. The current market situation is still relatively stable, and supply and demand are relatively balanced.

Market outlook

Analyst of Isopropanol of SunSirs believes that the market for raw material acetone has fallen and the price of propylene is relatively stable. Traders are waiting and watching, and downstream demand has decreased. Therefore, it is expected that the atmosphere of isopropyl alcohol will remain unsatisfactory in the short term, mainly with a slight downward adjustment.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.