1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol has fallen this week. At the beginning of the week, the average price of isopropanol in China was 6870 yuan/ton, and over the weekend it was 6780 yuan/ton, with a price reduction of 1.31%.

The market price of isopropanol has fallen this week. The price of raw material acetone has fallen, and there is a lack of confidence in the isopropanol market within the market. The trading atmosphere is not good, and holders are offering discounts to sell. On site inquiries are cold, downstream demand is weak, and trading volume is limited. As of now, most of the isopropanol market prices in Shandong are around 6600-6700 yuan/ton; The majority of isopropanol prices in the Jiangsu Zhejiang region are around 6900 yuan/ton.

In terms of raw material acetone, the domestic acetone market has continued to decline this week. The national acetone market reported an average price of 6310 yuan/ton on March 7th, but on March 13th, the acetone market fell to 6135 yuan/ton, a decrease of 2.77%. During the week, with the arrival of imported and domestic trade cargo, the phenol ketone plant in Qingdao Bay resumed normal operation, and the operating rate of domestic phenol ketone plants increased. Manufacturers and traders faced pressure to ship, and market offers gradually declined.

In terms of propylene, the domestic propylene market is declining. At the beginning of the week, the market was at 6920.75/ton, and the average price over the weekend was 6845.75/ton, with a downward trend of 1.08%. At present, propylene manufacturers are slowing down their shipments, and downstream companies are adopting a wait-and-see approach, focusing on on-demand procurement. It is expected that propylene will remain stable, moderate, and weak in the short term.

3、 Future forecast

An isopropanol analyst from the Chemical Branch of Shengyi Society believes that the current prices of acetone and propylene dual raw materials have fallen one after another, with insufficient cost support, affecting downstream market confidence. On exchange trading remains light, with a focus on wait-and-see measures. It is expected that in the short term, the isopropanol market will be mainly weakly consolidated, and more attention will be paid to changes in the raw material market.