1、 Price trend
Isopropanol prices fell this week, according to commodity data monitoring. The average price of isopropanol in China was 8066.67 yuan / ton last weekend and 7200 yuan / ton this weekend. The price was reduced by 10.74% during the week.
2、 Market analysis
Figure: price trend comparison of acetone and isopropanol from October to December
Isopropanol prices fell this week. Internationally, isopropanol in the United States closed higher on January 5, while isopropanol in Europe closed lower. So far, the negotiation range of isopropanol in Shandong Province is about 7000-7200 yuan / ton, and that of isopropanol in Jiangsu Province is about 7200-7400 yuan / ton. Zhejiang isopropanol negotiation range is around 7200 yuan / ton. The price of propylene isopropanol is about 7000 yuan / ton. Cost side down pressure isopropanol downstream market mentality, downstream orders cautious, buying enthusiasm is limited.
Acetone raw materials, acetone market in East China this week offer lower. According to the data monitoring of bulk commodities, the domestic acetone price was 6500 yuan / ton last weekend, and the average price was 5550 yuan / ton this weekend. The price was reduced by 14.62% within the week. This week, the focus of acetone market talks fell sharply.
In terms of raw material propylene, the market price of propylene in Shandong fell on January 8 today. According to the price chart of the business club, the propylene price declined all the way at the end of December, and began to rise on New Year’s day. On the 4th, the price was increased by about 100 yuan / ton. On the 5th and 6th, the price was mainly stable, with only a few enterprises going up. On the 8th, some prices fell. Now, the market transaction is between 7250 yuan / ton and 7500 yuan / ton, and the mainstream price is still around 7250 yuan / ton. At present, the manufacturer’s inventory is general, the shipment is stable, the crude oil price rises slightly, and the operation rate of the downstream market rises slightly. Therefore, it is expected that the propylene price will stop falling and rise due to the influence of the crude oil market in the near future.
3、 Future forecast
The isopropanol analyst of business society Chemical Branch said: the raw material acetone was significantly reduced, the propylene shipment was relatively stable, the lower cost side depressed the mentality of isopropanol downstream market, the isopropanol market was weak, the downstream was mainly wait-and-see, and the shipment of cargo holders was soft. In the short term, there is still room for price reduction in isopropanol market, but the range is limited. Pay attention to the changes of follow-up news.