1、 Price trend
Isopropanol prices rose this week, according to commodity data monitoring. The average price of isopropanol in China was 7300 yuan / ton last Thursday and 9000 yuan / ton this Thursday. The price rose by 23.29% during the week.
2、 Market analysis
Figure: price trend comparison of acetone and isopropanol from October to December
Isopropanol prices rose in the early part of this week, with the end of downstream just need replenishment, later slightly down. Due to the downturn of domestic isopropanol market at the end of December last year, the ship importers have stopped operation. Affected by the weather, isopropanol supply in northern factories decreased, mainly for foreign trade contract orders. Recently, the export orders increased, the domestic market isopropanol spot shortage, the price rose rapidly, the quotation is more chaotic. In terms of factories, there are many closures, and market traders are mainly waiting to see. Up to now, the negotiation range of isopropanol in Shandong is about 8500 yuan / ton, and that of isopropanol in Jiangsu is about 9000-9500 yuan / ton. Zhejiang isopropanol negotiation range is around 9000 yuan / ton.
In terms of raw material acetone, the market fell after a big rise. After a big push this week, the market fell on the afternoon of the 19th. In the early morning, the opening price rose sharply, the offer was firm, and then the terminal procurement slowed down after a big push up. In the afternoon, in view of the pressure of port inventory in the later stage, the supply side was relatively sufficient, and the cargo holders fell steadily. At present, the negotiation price of acetone is about 6800-7100 yuan / ton.
In terms of raw material propylene, the overall propylene market showed a ladder like rise this week. According to the data monitoring of bulk commodities, the domestic propylene price was 7345.45 yuan / ton last Thursday, and the average price was 7486.36 yuan / ton this Thursday. The price was increased by 1.92% within the week. At present, propylene manufacturers have less inventory and smooth delivery. On January 19, crude oil prices rose, which has a slightly positive impact on propylene.
3、 Future forecast
According to isopropanol analyst of business society chemical branch, at present, foreign export orders are increasing, domestic inventory is less, and the supply of goods is tight. With the end of the downstream just need replenishment, isopropanol prices fell slightly. Due to the rising prices of acetone and propylene, isopropanol support is favorable. Isopropanol is expected to decline more limited in the short term, follow-up attention to news changes.
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