1、 Price trend

According to the monitoring of bulk commodity data, the domestic isopropyl alcohol market price rose first and then fell this month, and the overall price fell. On October 1, the average price of isopropyl alcohol was 7430 yuan/ton, and on October 31, the average price was 7120 yuan/ton. The price decreased within the month by 4.17%.

2、 Market analysis

Figure: Comparison of acetone and isopropanol prices from April to June

In this month, the domestic isopropyl alcohol market price rose first and then fell, and the overall price fell. The market of isopropanol rose in the first ten days of this month due to the rising price of raw material acetone. In the middle of the year, the overall market showed a situation of mutual rise and fall, and the price was adjusted to stabilize. In the last ten days, the propylene process enterprises started to improve, the supply side continued to increase, and the market price began to decline. Up to now, most of the isopropanol market quotations in Shandong are around 6900-7100 yuan/ton; Most quotations in Jiangsu isopropanol market are about 7100-7400 yuan/ton.

In terms of raw material acetone, acetone rose first and then fell this month, with an overall increase. On October 1, the average price of acetone was 5580 yuan/ton, and on October 31, the average price was 5840 yuan/ton. The price rose within the month by 4.66%. On the 26th, Sinopec’s order price in East China was reduced by 200 yuan/ton, with the implementation of 6000-6100 yuan/ton. The factory was reduced in a centralized manner, and the intention of shippers to make profits increased. In particular, the offer in East China fell significantly, with the negotiated price at 5750-5800 yuan/ton. Other mainstream regions also experienced a small decline. The end factory was slow to follow up, and inquiries were mainly limited to actual orders. The focus was on the market transactions in the afternoon.

In terms of raw propylene, the propylene market price fell this month. On October 1, the average price of propylene was 7620.6 yuan/ton, and on October 31, it was 7136.6 yuan/ton. During the month, the price fell by 6.35%. The atmosphere of market trading and investment is general, and the factory sells at a profit to stimulate the delivery of goods. At present, propylene market has loose supply and weak demand. It is expected that the short-term market of propylene will be mainly weak and downward. Considering the continuous poor profitability of the propylene industry, it is expected that there will be limited falling space.

3、 Future market forecast

The isopropanol analyst from Chemical Branch of Business Cooperative believed that the cost support of domestic isopropanol field was average this month. Enterprises started to increase supply, market confidence was insufficient, and prices fell. It is expected that the isopropanol market may continue to decline in the short term. Pay attention to the subsequent raw material market trend.