1、 Price trend
| PVA 1799 (PVA BF17) |
According to commodity data monitoring, isopropanol prices continued to decline this week. The average price of domestic isopropanol was 7266.67 yuan / ton last Friday and 6866.67 yuan / ton this Friday. The price decreased by 5.5% during the week.
2、 Market analysis
Figure: comparison of price trend of acetone and isopropanol from August to October
This week, the focus of the domestic isopropanol market continued to move downward, the price of raw acetone was weak, and the cost suppressed the market mentality. Traders are more cautious in taking goods. Most of the downstream are wait-and-see. The overall trading atmosphere of the market is light, and the isopropanol market quotation fell. Up to now, most quotations of Shandong isopropanol are about 6800 yuan / ton; Most quotation ranges of isopropanol in Jiangsu are about 6800-7000 yuan / ton; Most quotations of isopropanol in Zhejiang are about 6800 yuan / ton. Internationally, on December 7, isopropanol in the United States closed higher and isopropanol in Europe closed stable.
| POLYVINYL ALCOHOL |
In terms of raw acetone, the downstream demand is not followed up enough, and the participation of intermediate traders is very little, while the terminal factory is completely in the state of just needing follow-up, the trading surface is cold, and there is little heard of actual orders. The average price of acetone in China this week was 5412.5 yuan / ton
In terms of raw propylene, the price of propylene (Shandong) increased slightly at the beginning of the week, but the increase was weak, and the price began to fall again. As of Friday, the propylene price in Shandong market was 7500-7550 yuan / ton. This week, it was repaired after the sharp drop in upstream oil prices, providing support for the rise of propylene. However, the main downstream polypropylene market continued to fluctuate and weaken. When the supply of propylene market was sufficient and the downstream demand support was insufficient, the contradiction between supply and demand still existed, resulting in the downward main tone of the market as a whole.
3、 Future forecast
The isopropanol analyst of the chemical branch of business society believes that the focus of the domestic isopropanol market is downward. The raw material acetone is in weak operation, the rise of propylene is weak, and the support of isopropanol is insufficient. The downstream is mostly wait-and-see, and the overall trading atmosphere of the market is poor. Isopropanol is expected to continue to operate downward in the short term.
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