Price trend
According to the monitoring of the commodity market analysis system of SunSirs, the market price of isopropanol has increased this week. At the beginning of the week, the average price of isopropanol in China was 6,650 RMB/ton, and on Thursday it was 6,690 RMB/ton, with a price increase of 0.6%.
Raw material prices rose
The market price of isopropanol has slightly increased this week. The rise in raw material acetone prices has boosted confidence in the isopropanol market within the market. The ex factory prices of enterprises have been raised, and holders of goods have followed suit, with downstream demand for replenishment. The disappearance of low-priced goods in the market has led to an increase in the focus of actual order negotiations. As of April 3rd, most of the isopropanol market prices in Shandong were around 6,650-6,700 RMB/ton; The majority of prices in the isopropanol market in Jiangsu region were around 6,700-6,750 RMB/ton.
In terms of raw material acetone, the domestic acetone market price has risen this week. At the beginning of the week, the average price of acetone in China was 6,152.5 RMB/ton, and on Thursday it was 6,265 RMB/ton, with a price increase of 1.83%. The rise in acetone raw materials boosted market confidence, boosted the mentality of holders, and led to an increase in on-site quotations.
In terms of propylene, the domestic propylene market was on the rise. At the beginning of the week, the market was at 6,745.75 RMB/ton, and the average price on Thursday was 6,823.25 RMB/ton, with a price increase of 1.15%. As of April 3rd, international oil prices were rising, and some downstream facilities were expected to restart, which was positive for market sentiment. Sellers' offers were pushing up prices.
Market outlook
The isopropanol analyst from SunSirs believes that the prices of acetone and propylene dual raw materials have risen one after another, with strong cost support and good market confidence. It is expected that the isopropanol market will consolidate and strengthen in the short term, and more attention will be paid to changes in the raw material market.
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