Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the market price of isopropanol first fell and then rose this week, and overall the price has fallen. At the beginning of the week, the average price of isopropanol in China was 6,666.67 RMB/ton, and the average price over the weekend was 6,558.33 RMB/ton, with a price reduction of 1.63%.

Analysis review

This week, the market price of isopropanol first fell and then rose, indicating an overall decline in prices. The price of raw material acetone first fell and then rose, and the isopropanol market adjusted accordingly. With the rebound of the acetone market and favorable cost conditions, the confidence in the isopropanol market has improved, and the intention to offer discounts has weakened. But downstream customers were cautious in their purchases, and actual transactions were limited. As of April 11th, most of the isopropanol market prices in Shandong were around 6,400-6,550 RMB/ton; The majority of prices in the isopropanol market in Jiangsu region were around 6,600-6,700 RMB/ton.

In terms of raw material acetone, the domestic acetone market price first fell and then rose this week. At the beginning of the week, the average price of acetone in China was 6,087.5 RMB/ton, and the average price over the weekend was 5,950 RMB/ton, with a price reduction of 2.26%. As of April 11th, the trading atmosphere of acetone in the market was improving, and the market focus was increasing.

In terms of propylene, the domestic propylene market was on the rise. At the beginning of the week, the market was at 6,723.25 RMB/ton, and the average price over the weekend was 6,785.75 RMB/ton, with a price increase of 0.93%. As of April 11th, manufacturers were mainly pushing up prices, and the market mentality was good.

Market outlook

An isopropanol analyst from SunSirs believes that the rebound in acetone market prices and the rise in propylene prices provided strong cost support and significant support for the trend of isopropanol. It is expected that the isopropanol market will consolidate to strengthen in the short term, and more attention will be paid to changes in the raw material market.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.