1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the domestic market price of isopropanol continued to decline in June. On June 1st, the average price of isopropanol was 6670 yuan/ton, while on June 29th, the average price was 6460 yuan/ton. During the month, the price decreased by 3.15%.

2、 Market analysis

Figure: Comparison of price trends of acetone and isopropanol

The domestic market price of isopropanol continued to decline in June. The isopropanol market remains light this month, with poor trading conditions and cautious wait-and-see behavior. The upstream acetone market fell, cost support weakened, and the market price of isopropanol followed suit. As of now, the majority of quotations for isopropanol in the Shandong region are around 6200-6400 yuan/ton; The majority of prices for isopropanol in the Jiangsu region are around 6700-6800 yuan/ton.

In terms of raw material acetone, according to the monitoring of the commodity market analysis system of the Business Society, the market price of acetone has decreased this month. On June 1st, the average price of acetone was 5612.5 yuan/ton, while on June 29th, the average price was 5407.5 yuan/ton. During the month, the price decreased by 3.65%. At present, the focus of the domestic acetone market has fallen after rising, and the negotiating focus has declined. As the end of the month approaches, there has been a recent replenishment of imported goods and an increase in port inventory; The profit of the phenol ketone factory has increased, and the operating rate is expected to increase in July; In terms of demand, the factory completely needs to follow up. Although intermediate traders have participated, their inventory willingness is not high, and downstream proactive replenishment is not high. It is expected that the market will adjust weakly in the next few days at the end of the month, with little market volatility.

In terms of raw material propylene, according to the monitoring of the commodity market analysis system of the Business Society, the domestic propylene (Shandong) market price fell first and then rose in June, with a slight increase overall. At the beginning of June, the market average was 6460.75/ton, with an average price of 6513.25/ton on June 29th, a monthly increase of 0.81%. Propylene analysts from the Chemical Branch of the Business Society believe that due to the incomplete maintenance of some devices, on-site supply has decreased. At the same time, during the Dragon Boat Festival, downstream procurement is still good, and the trading atmosphere has improved, with upstream actively pushing up. It is expected that the propylene market will digest the increase in the short term, with limited room for further upward growth.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the domestic isopropanol market prices have fallen this month. Upstream acetone market prices remain declining, while propylene (Shandong) market prices have slightly increased, with average cost support. Traders and downstream users have poor purchasing enthusiasm and are cautious in actual orders. Overall, there is insufficient confidence in the isopropanol market, so it is better to wait and see. It is expected that the isopropanol market will temporarily stabilize in the short term.