1、 Price trend
According to the monitoring of the commodity market analysis system of Shengyi Society, the overall market price of isopropanol fell in June. On June 1st, the average price of isopropanol in China was 6525 yuan/ton, and on June 27th, the average price was 6133.33 yuan/ton, a decrease of 6% compared to the beginning of the month.
Overall, the isopropanol market prices fell in June. In the first half of the year, the price of raw material acetone fell, the market situation was light, and demand was weak, resulting in a decrease in the market price of isopropanol. The isopropanol market rose in mid month, with good shipments from major factories in Shandong and a slight increase in prices. The market stopped falling and rebounded, slightly boosting the mentality of industry players. In the latter half of the year, production companies had no inventory pressure, traders had average shipments, but their willingness to offer discounts was limited, downstream purchasing enthusiasm was not high, and market prices slightly decreased. As of now, most of the isopropanol market prices in Shandong are around 6000-6100 yuan/ton; The majority of prices in the isopropanol market in Jiangsu region are around 6200-6300 yuan/ton. Overall, the confidence in the isopropanol market is average, with market fluctuations being the main factor.
In terms of raw material acetone, the domestic acetone market fluctuated and fell in June. On June 1st, the average price of acetone was 5450 yuan/ton, and on June 27th, the average price was 5200 yuan/ton, a decrease of 4.59%. At present, facing the further decline of petrochemical industry chain products and downstream demand, the sentiment of entering the market for replenishment has decreased, and the actual transaction volume is limited.
In terms of propylene, the domestic propylene market price first rose and then fell in June. On June 1st, the market average was 6538.25 yuan/ton, and on June 27th, the average price was 6775.75 yuan/ton, with a price increase of 3.63%. At present, there is a lack of positive news in the market, and enterprise inventory has increased. Downstream market is expected to be weak and consolidate in the short term.
3、 Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the overall isopropanol market price fell in June. At present, the enthusiasm for downstream procurement is average, and there is a strong wait-and-see attitude in the market, with limited actual transactions. 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.