1、 Price trend
In May, the domestic isopropanol market prices fluctuated and fell. On May 1st, the average price of isopropanol in China was 8716.67 yuan/ton, and on May 29th, the average price was 7783.33 yuan/ton, a decrease of 10.71% compared to the beginning of the month.
In May, the domestic isopropanol market prices fluctuated and fell. In the first half of the year, the price of raw material acetone decreased, with weak support and a downward shift in the focus of the isopropanol market. In the middle of the month, the operating rate of the isopropanol factory decreased, and the market price first fell and then rose, resulting in an overall price increase. The acetone market continued to weaken in the latter half of the year, coupled with poor downstream demand, resulting in an overall decline in the isopropanol market. As of now, most of the isopropanol market prices in Shandong are around 7600-7800 yuan/ton; The majority of prices in the isopropanol market in Jiangsu region are around 7700-7900 yuan/ton.
In terms of raw material acetone, the domestic acetone market price fluctuated and fell in May. On May 1st, the average price of acetone was 7737.5 yuan/ton, and on May 29th, the average price was 7112.5 yuan/ton, with a price reduction of 8.08%. At present, the overall trading atmosphere is light, and it is expected that the acetone market will remain stable in the short term.
In terms of raw material propylene, the domestic propylene market price fluctuated and fell in May. On May 1st, the market average was 9494.33 yuan/ton, and on May 29th, the average price was 9334.33 yuan/ton, with a price reduction of 3.79%. At present, there is good trading in the propylene market, and it is expected that the propylene market price will be strong in the short term.
3、 Future forecast
Analysts believe that the isopropanol market price fluctuated and fell in May. At present, manufacturers have lowered their offers, the market trading atmosphere is average, downstream demand is light, and on-demand procurement is the main focus. Transactions are cautious. It is expected that the isopropanol market will operate weakly and steadily in the short term, and more attention should be paid to the trend of the raw material market.
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