1、 Price trend

According to commodity data monitoring, isopropanol prices fell this week. The average price of isopropanol in China was 9533.33 yuan / ton at the end of last week and 8500 yuan / ton this weekend. The price of isopropanol was reduced by 10.84% during the week.

2、 Market analysis

Chart: comparison of acetone and isopropanol price trend from August to November

The price of isopropanol was lowered this week, and the price of isopropanol was also down due to the fall of acetone. Internationally, isopropanol in the United States rose sharply on December 15, while the European isopropanol market closed slightly higher. Up to now, the negotiation range of isopropanol in Shandong Province is about 8200-8800 yuan / ton, and that of Jiangsu Province is about 8200-8500 yuan / ton. Zhejiang isopropanol negotiation range is around 8200 yuan / ton. The quotation of isopropanol from propylene process is about 8700 yuan / ton. Recently, the domestic isopropanol market is weak and declining, and the atmosphere on the floor is empty.

In terms of raw material acetone, the offer of acetone market in East China decreased this week, and the transaction was obviously insufficient after the on-site replenishment inquiry. According to the monitoring of bulk commodity data, the domestic acetone price was 8750 yuan / ton at the end of last week, and the average price was 8075 yuan / ton at the end of this week. During the week, the price dropped by 7.71%. Although the atmosphere of the negotiation in the acetone market was general, the traders withdrew from the market at a very low price, and the market submitted the price adjustment. Some traders participated in the market and followed up the small orders. However, factories continued to make up for the decline, with the mainstream implementation of 8000 yuan / ton.

In terms of raw material propylene, the propylene market price in Shandong this week went down individually. According to the monitoring of bulk commodity data, the domestic propylene price at the end of last week was 8102.73 yuan / ton, while the average price of this weekend was 7965.55 yuan / ton, and the price dropped by 1.69% during the week. At present, the manufacturer’s inventory pressure is slightly increased, and the shipment situation is ordinary. Crude oil prices fluctuated, the downstream market slightly cold, so it is expected that propylene prices will fluctuate in the near future, slightly downward.

3、 Future forecast

Isopropanol analysts of the chemical branch of the business society believe that: the raw material acetone has been greatly reduced, propylene has been slightly down, the downward cost has depressed the mentality of the downstream market of isopropanol, downstream orders are cautious, and the enthusiasm for buying is limited. At present, the domestic market demand is light, traders mainly wait and see. In the short term, isopropanol market may still have room for price reduction, focusing on the follow-up news changes.