1、 Price trend

Isopropanol prices rose this week, according to commodity data monitoring. The average price of isopropanol in China was 8966.67 yuan / ton last Friday and 9066.67 yuan / ton this Friday. The price rose by 1.12% in the week.

2、 Market analysis

Figure: price trend comparison of acetone and isopropanol from January to March

Isopropanol prices have been rising steadily this week. Internationally, isopropanol in the United States continued to rise on March 23, while isopropanol market in Europe continued to rise. So far, Shandong isopropanol negotiation range is about 8800-9100 yuan / ton, Jiangsu isopropanol negotiation range is about 9150-9300 yuan / ton. The negotiation range of isopropanol in Zhejiang is around 9100 yuan / ton.

In terms of raw material acetone, the domestic acetone market price rose slightly, reaching 8600-8700 yuan / ton. The main reason is that the news has a great influence. As soon as the news of the Middle East plant shutdown came out, the information of the cargo holders was boosted, and the market offer rose as a whole. As soon as the acetone market recovered, the terminal inquiry increased and the market negotiation temperature increased. On the other hand, crude oil rebounded, which was supported by macro economy.

In terms of raw material propylene, on March 25, the market price of propylene in Shandong declined individually. The current market turnover has dropped to 7800 ~ 8400 yuan / ton, and the mainstream price is about 7800 yuan / ton. U.S. propylene 18, 19, the external market dropped sharply, also has a certain impact on the domestic market. Propylene market is now no pressure inventory, part of the device is still in repair.

3、 Future forecast

Isopropanol analyst of chemical branch of business society thinks: at present, foreign export orders are relatively stable. As the market price of acetone rose slightly and the cost was under pressure, the operation rate of isopropanol by acetone method was low; the price of propylene fell and stabilized, which supported isopropanol to a certain extent, and the price increased slightly. From the perspective of sorting out, traders mainly wait and see, while downstream enterprises are more cautious in buying. It is expected that the market price of isopropanol will be stable temporarily in the short term.