Price Trend
According to commodity data monitoring, the price of isopropanol in eastern China fell in April. At the beginning of the month, the average price of isopropanol in East China was 5 475 yuan/ton, and at the end of the month, it was 4 925 yuan/ton. The price fell within the month by 10.05%.
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II. Market Analysis
Products: In April, the domestic isopropanol rose slightly and began to dive. Eastern China was affected by the factory shutdown in January and began to raise prices substantially. The holders began to raise their offer. However, due to the low operation of raw material acetone and the decline of propylene, the demand is not supported. Isopropyl alcohol ended the upstream road and began to dive, downstream buy-up does not buy-down, bearish expectations for the future still heavy mentality, weak operation, market turnover is not smooth led to the increase of isopropyl alcohol factory inventory. In addition, the export pressure of factories in April is high, and the increase of domestic sales will undoubtedly increase the speed of factory shipments. By the end of the month, the range of isopropanol negotiations in Shandong was 4800-4900 yuan/ton, that in Ningbo, Zhejiang was 4900 yuan/ton, that in Jiangsu was 4900-4950 yuan/ton, and that in Guangdong, South China was 5400 yuan/ton.
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Industry chain: Looking from the upstream, the price of acetone in East China is low this month, and the market price is around 2900 yuan/ton. Influenced by raw material acetone, isopropanol market weakened. The downstream is mostly wait-and-see, with limited buying. Propylene prices fell slightly this month, by 2.64%. Reference is around 6800 yuan/ton. The cost of propylene isopropanol is upside down, but the effect of forced support is very little. Downstream mostly wait-and-see, buying enthusiasm is not high.
3. Future Market Forecast
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Analysts of isopropanol in the branch of business society and chemical industry believe that the price of raw material acetone and propylene are at a low level, the demand is lack of support, and the cost side depresses the market mentality. Downstream demand is low and buying enthusiasm is not high. Isopropyl alcohol market is still negative, continue to maintain low mainly.