1、 Price trend
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According to commodity data monitoring, isopropanol prices rose this week. The average price of domestic isopropanol was 7400 yuan / ton last Friday and 7533.33 yuan / ton this Friday. The price increased by 1.8% during the week.
2、 Market analysis
Figure: comparison chart of price trend of acetone and isopropanol from November to January
The focus of domestic isopropanol market this week is upward. At present, the bullish expectation of the market is strong, and the cargo holders have no intention to ship at a low price. Manufacturers export more orders. Up to now, most of the quotations of isopropanol in Shandong are about 7200-7500 yuan / ton; Most of the quotation range of Jiangsu isopropanol is about 8100 yuan / ton. Internationally, on March 8, isopropanol in the United States closed up, while isopropanol in Europe closed up sharply.
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In terms of raw material acetone, the price of acetone rose sharply this week. So far, the negotiation in East China is 6250 yuan / ton, the offer in Shandong is 6300 yuan / ton, the offer in Yanshan surrounding areas is 6300 yuan / ton, and the offer in South China is 6400 yuan / ton. The international crude oil is at a high level, the international situation is still grim, there is still room, and the cost side has a great impact. With the warmer weather, the start-up of small enterprises in the downstream is increasing, and the purchasing sentiment is expected to increase. The business agency expects the acetone market to operate strongly next week.
In terms of raw propylene, the market price of propylene fluctuated sharply this week. As of the weekend, the price of propylene in Shandong market was 9000-9150 yuan / ton. The international crude oil and polypropylene futures market fell significantly, the buying confidence of downstream factories was obviously insufficient, the manufacturer’s shipment was blocked, and the overall offer focus shifted downward at the weekend.
3、 Future forecast
The isopropanol analyst of the chemical branch of business society believes that at present, the export orders of domestic factories are mainly, the inventory is low, and the domestic isopropanol market demand is general. The price of acetone has increased significantly, and the raw material has a certain support for isopropanol. The price of isopropanol is expected to rise slightly in the short term.
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