1、 Price trend
According to the monitoring of bulk commodity data, the price of isopropyl alcohol will rise this week. The average price of isopropyl alcohol in China was 6770 yuan/ton last Friday, and 7020 yuan/ton this Friday. The price increased by 3.69% within the week.
2、 Market analysis
Figure: Comparison of price trends of acetone and isopropanol
The domestic isopropyl alcohol market price rose this week. At present, the downstream demand of isopropanol in China is general, and the downstream order receiving is more cautious, focusing on rigid demand. The price of raw material acetone rose, the price of isopropanol rose along the trend, the low price moved closer to the high price, and the price gap between isopropanol products in the market was shortened. Up to now, Shandong isopropanol offers a wide range, ranging from 6500-7000 yuan/ton; Most of the quotations of Jiangsu isopropanol are about 6500-7500 yuan/ton. Most factories suspend external quotation. Internationally, on September 6, American isopropyl alcohol closed stably, while European isopropyl alcohol market closed higher.
In terms of raw material acetone, the price of acetone fell this week. According to the monitoring of bulk commodity data, the average price of acetone last Friday was 5280 yuan/ton, and this Friday was 5340 yuan/ton. The price decreased by 1.14% within the week. This week, the domestic acetone market continued to rise. After returning from the festival, a few factories concentrated on raising the listing price, and the on-site supply side of the pressureless market increased. The business agency expects that the acetone market will maintain a firm operation next week, and the offer of major mainstream markets will not be adjusted much. It will maintain a firm transition next week, and continue to pay attention to the transaction on the market.
In terms of raw propylene, according to the data monitoring of the business community, the domestic propylene (Shandong) market price rose this week, with the average price of 7320.6 yuan/ton at the beginning of the week and 7434.6 yuan/ton at the weekend, a weekly increase of 1.56%. It is expected that in the short term, the price of propylene market will fluctuate strongly, paying close attention to the changes in market supply and demand.
3、 Future market forecast
The isopropanol analyst from the Chemical Branch of the Business Cooperative believes that, at present, the prices of raw materials acetone and propylene have risen. Domestic isopropanol on-site cost support is acceptable. It is expected that the low end price of isopropanol will move up in the short term. Pay attention to the subsequent raw material market trend.