1、 Price trend

Isopropanol prices fell this week, according to commodity data monitoring. The average price of isopropanol in China was 7066.67 yuan / ton last Friday and 6916.67 yuan / ton this Friday. The price fell by 2.12% in the week.

2、 Market analysis

Figure: price trend comparison of acetone and isopropanol from April to June

Isopropanol prices continued to fall this week. Internationally, the closing price of isopropanol in the United States was stable on June 1, while that in Europe was stable. So far, the quotation range of isopropanol in Shandong Province is about 6400-7200 yuan / ton, and that in Jiangsu Province is about 6500-6900 yuan / ton. The quotation range of isopropanol in Zhejiang is 6500-6800 yuan / ton. The raw material acetone fell, the operation rate of East China acetone isopropanol plant increased, the wait-and-see mood in the downstream was obvious, the on-site inquiry was general, the on-site trading of isopropanol was short, and the price decreased.

In terms of raw material acetone, the acetone market continued to decline as of June 24. In terms of factories, some East China plants of Sinopec reduced 150-200 yuan / ton, of which Gaoqiao and Mitsui listed 5000 yuan / ton; However, the market continued to decline, with East China reaching 4800-4850 yuan / ton. At present, the supply of spot resources in the market is sufficient, the buying mood of terminal factories is general, the overall trading atmosphere of the market is low, and there are few real orders in the market. Factory inventory high, import supply has been replenished, market supply is sufficient. The business association predicted that the short-term trading atmosphere would hardly change, the terminal just needed small order replenishment, and the acetone market would maintain the current trend.

In terms of raw material propylene, the propylene market in Shandong Province stopped falling and stabilized temporarily this week. The average price of domestic propylene last Friday was 7927.64 yuan / ton, and this Friday was 7832.18 yuan / ton. The price was reduced by 1.2% within the week. At present, the market transaction is stable, the downstream purchases on demand, the downstream performance is general, and the support for propylene is limited.

3、 Future forecast

Isopropanol analyst of chemical branch of business society thinks: at present, foreign export orders are general. The price of raw material acetone fell while the price of propylene stabilized. Near the 100th anniversary of the establishment of the archives, the market transactions are reduced, the factory inventory is increased, the spot supply is sufficient, and the delivery pressure of the goods holders is greater. The lower reaches are mainly wait-and-see, and the overall trading atmosphere of the market is light. Overall, isopropanol prices are likely to continue to decline in the short term, and follow-up attention should be paid to news changes.