1、 Price trend
According to the monitoring of the Commodity Market Analysis System of the Business Society, the market price of isopropanol continued to decline this week. At the beginning of the week, the average price of isopropanol in China was 8500 yuan/ton, while the average price over the weekend was 7870 yuan/ton. During the week, the price decreased by 7.41%.
The market price of isopropanol continued to decline this week. At present, the market situation is light, and the overall trading sentiment is not good. The upstream acetone market saw a significant decrease in acetone manufacturers, resulting in weak cost support. Traders have low enthusiasm for buying goods, weak market price confidence, and downstream customers are more wait-and-see. They are cautious in actual orders and transactions. As of now, the majority of quotations for isopropanol in the Shandong region are around 7550-7600 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 8100-8200 yuan/ton.
In terms of raw material acetone, the market price of acetone fell this week. At the beginning of the week, the average price of acetone was 7425 yuan/ton, while on Friday, the average price was 6937.5 yuan/ton, a decrease of 6.57%. Acetone continued to decline this week, leading to a weakening market and a slowdown in intraday trading.
In terms of propylene, according to the Commodity Market Analysis System of the Business Society, the domestic propylene (Shandong) market prices have increased this week, with an average price of 7100.75 yuan/ton at the beginning of the week and 6958.25 yuan/ton at the weekend. The price has decreased by 2.01%. At present, the propylene market is average, with significant cost pressure on enterprises and prices stabilizing.
3、 Future Market Forecast
An isopropanol analyst from the Chemical Branch of the Business Society believes that the upstream acetone market has significantly declined, the propylene market price has fallen, and both raw materials are weak, resulting in weak cost support. The overall market demand is lukewarm and tepid, and downstream and traders are cautious in purchasing, so they are more wait-and-see. It is expected that the isopropanol market will be weak in the short term and will continue to consolidate and operate.
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