1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol continued to decline in August. On August 1st, the average price of isopropanol in China was 5900 yuan/ton, and on August 29th, the average price was 5608.33 yuan/ton, a decrease of 4.94% compared to the beginning of the month.
The market price of isopropanol continued to decline in August. The acetone raw material market continued to decline in the first ten days, affecting confidence in the isopropanol market. Downstream market demand is weak, inventory is increasing, and isopropanol market prices are decreasing. In the mid month, the demand for isopropanol in the market is mainly due to limited transactions, and the market continues to decline. In the latter half of the year, trading in the isopropanol market was light, with average on-site discussions and a decrease in market prices. As of now, most of the isopropanol market prices in Shandong are around 5450-5500 yuan/ton; The majority of prices in the isopropanol market in Jiangsu are around 5650-5600 yuan/ton.
In terms of raw material acetone, the domestic acetone market fell in August. On August 1st, the average price of acetone was 4820 yuan/ton, and on August 29th, the average price was 4600 yuan/ton, a decrease of 4.56%. At present, the acetone market is at a low level, and the trading atmosphere in the market is average. Expected to continue the weak and volatile market trend.
In terms of propylene, the domestic propylene market prices rose in August. On August 1st, the market average was 6403.25 yuan/ton, and on August 29th, the average price was 6663.25 yuan/ton, with a price increase of 4.06%. At present, the inventory of propylene enterprises is low, and downstream costs are gradually under pressure. It is expected that the market will mainly experience fluctuations and consolidation in the short term.
3、 Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price will continue to decline in August. At present, the trading atmosphere in the isopropanol market is average, with cautious actual orders and a mostly stagnant market. It is expected that isopropanol will remain stable in the short term, and more attention will be paid to the trend of the raw material market.