This week, the isopropanol market rose first and then fell. Overall, it has slightly increased. Last Thursday, the average price of isopropanol in China was 7120 yuan/ton, while the average price on Thursday was 7190 yuan/ton. The price has increased by 0.98% this week.
Figure: Comparison of price trends of 2-4 acetone and isopropanol
This week, the isopropanol market rose first and then fell. Overall, it has slightly increased. At present, the market is not warm or hot. Upstream acetone prices fluctuated slightly, while propylene prices decreased, with average cost support. The traders are not enthusiastic about buying goods, and the market price fluctuates. As of now, the majority of isopropanol market quotations in Shandong are approximately 6850-7000 yuan/ton; The market quotation for most isopropanol in Jiangsu and Zhejiang is approximately 7300-7700 yuan/ton.
In terms of raw material acetone, the acetone market has decreased this week. Last Thursday, the average price of acetone was 6220 yuan/ton, while on Thursday, the average price of acetone was 6601.25 yuan/ton. The price has decreased by 0.28%. The fluctuation of acetone prices has decreased, and downstream wait-and-see sentiment is strong. Order acceptance is cautious, and the shipment situation of holders is average.
In terms of propylene, the propylene market fell this week. Last Thursday, the average price of propylene in Shandong Province was 7052.6 yuan/ton, while this Thursday’s average price was 6880.6 yuan/ton. The price has decreased by 2.44% this week. The inventory of manufacturers is slowly rising, and the export pressure of propylene enterprises is increasing. The trend of the polypropylene market is declining, and the downstream market demand is weak. The overall market is weak, and the downstream market is wait-and-see, mainly due to rigid demand. The price of propylene has decreased.
The price fluctuation of raw material acrylic acid has decreased, and the price of acrylic acid has decreased. The support for raw materials is average, and downstream demand is tepid and tepid. Downstream and traders purchase cautiously and wait and see. It is expected that the isopropanol market will be weak in the short term.
Post time: May-12-2023