1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol first rose and then fell in March, and overall the price fell. On March 1st, the average price of isopropanol in China was 6670 yuan/ton, and on March 31st, the average price was 6650 yuan/ton, a decrease of 0.3% compared to the beginning of the month.
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In March, the market price of isopropanol first rose and then fell, indicating an overall decline in prices. In the first ten days of the month, the main factories in Shandong stopped production, and the ex factory prices increased. Confidence in the market improved, and holders of goods pushed up prices one after another. In the middle of the month, the price of raw material acetone fell, and there was a lack of confidence in the isopropanol market within the market. The trading atmosphere was poor, and holders offered discounts for shipments. In the latter half of the month, confidence in the market was average, cost support was insufficient, market enthusiasm was average, and the focus of negotiations was mainly on maintaining stability. As of now, most of the isopropanol market prices in Shandong are around 6550-6600 yuan/ton; Most of the quotations in the isopropanol market in Jiangsu and Zhejiang regions are around 6700-6750 yuan/ton based on market reference prices.
In terms of raw material acetone, the domestic acetone market price fluctuated and fell in March. On March 1st, the average price of acetone was 6477.5 yuan/ton, and on March 31st, the average price was 6152.5 yuan/ton, a decrease of 5.02% in price. The weak downward trend of raw material pure benzene has significantly weakened cost support, exacerbating the market’s wait-and-see atmosphere and putting pressure on traders’ mentality, leading to a broad downward trend in the market. It is expected that the downstream acetone market will experience slight fluctuations in the short term.
In terms of propylene, the domestic propylene market fluctuated and fell in March. On March 1st, the market average was 6813.25 yuan/ton, and on March 31st, the average price was 6745.75 yuan/ton, a decrease of 0.99% in price. At present, there is a lack of positive news to boost the propylene market, and downstream consumers are adopting a wait-and-see approach and purchasing at lower prices according to demand. It is expected that propylene will experience weak fluctuations and consolidation in the short term.
3、 Future forecast
The isopropanol analyst from the Chemical Branch of Shengyi Society believes that the market price of isopropanol rose first and then fell in March. At present, the enthusiasm for downstream procurement is average, and actual market transactions need to be followed up. The confidence of holders is average, and on-site negotiations tend to be low-end. It is expected that in the short term, isopropanol will be more cautious and the market will be weak, with a focus on consolidation and operation.
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