1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol first rose and then fell in May, and overall, the market price of isopropanol fell. On May 1st, the average price of isopropanol in China was 6563.33 yuan/ton, and on May 30th, the average price was 6525 yuan/ton, a decrease of 0.58% compared to the beginning of the month.
In May, the market price of isopropanol first rose and then fell, and overall, the market price of isopropanol fell. In the first half of the year, the main factories had low operating loads, and the on-site spot market was tight. Holding traders pushed up the market price of isopropanol. In mid month, the isopropanol market fluctuated and rose, with the price of raw material acetone increasing. The cost support was strong, and the market sentiment improved, resulting in an upward adjustment of on-site prices. In the latter half of the year, the price of raw material acetone fell, with insufficient cost support, coupled with weak market demand and low purchasing enthusiasm, resulting in a decline in the isopropanol market. As of now, most of the isopropanol market prices in Shandong are around 6400-6450 yuan/ton; The majority of prices in the isopropanol market in Jiangsu region are around 6600-6700 yuan/ton. Overall, the confidence in the isopropanol market is average, with a focus on maintaining stability.
In terms of raw material acetone, the focus of the domestic acetone market fell mainly in May. The national acetone market has been trading at an average price of 5830 yuan/ton since May 1st, falling to 5673.5 yuan/ton on May 30th, a decrease of 3.3%. At present, there is little change in the market fundamentals, with traders accompanying them to make offers and terminals conducting them on demand. Small orders are the main focus, and the overall market is operating steadily.
In terms of propylene, the domestic propylene market fluctuated and fell in May. On May 1st, the market was average at 6570.75 yuan/ton, and on May 30th, the average price was 6538.25 yuan/ton, a decrease of 0.49% in price. At present, manufacturers continue to offer discounts on shipments, and downstream suppliers are more willing to replenish inventory at low prices. It is expected that the market will stabilize and operate in the short term.
3、 Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price first rose and then fell in May. At present, the enthusiasm for downstream procurement is not high, and most of them are wait-and-see, with limited actual transactions in the market. It is expected that isopropanol will fluctuate in the short term, and more attention should be paid to the trend of the raw material market.