1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol increased in early May. On May 1st, the average price of isopropanol in China was 6563.33 yuan/ton, and on May 9th, the average price was 6775 yuan/ton, with a price increase of 3.23%.
The market price of isopropanol increased in early May. The main factories have low operating loads, and the spot market is tight. Holding traders have pushed up their prices, but downstream replenishment enthusiasm is average, with limited new order transactions. In addition, the acetone market price has fallen this week, and the increase in negotiation focus is limited, resulting in insufficient confidence in the future market. As of now, most of the isopropanol market prices in Shandong are around 6800 yuan/ton; The majority of prices in the isopropanol market in Jiangsu region are around 6700-7000 yuan/ton.
In terms of raw material acetone, the domestic acetone market price has fallen this week. On May 1st, the average price of acetone in China was 5830 yuan/ton, and on May 9th, the average price was 5685 yuan/ton, with a price reduction of 2.49%. At present, acetone holders’ intention to ship at low prices has weakened, and their offers are moving towards high-end.
In terms of propylene, the domestic propylene market is on the rise. On May 1st, the market was average at 6570.75 yuan/ton, and on May 9th, the average price was 6630.75 yuan/ton, with a price increase of 0.91%. At present, manufacturers’ shipments are average, and downstream procurement enthusiasm is not good. They are observing and waiting, and it is expected that the market will be weak in the short term.
3、 Future forecast
The isopropanol analyst from the Chemical Branch of Shengyi Society believes that the acetone market price has fallen, the propylene price has slightly increased, the cost support is weak, and the downstream market procurement enthusiasm is not good, so the market is more cautious. It is expected that the isopropanol market will operate weakly and steadily in the short term, and more attention will be paid to changes in the raw material market.