1、 Price trend

According to commodity data monitoring, isopropanol prices fell this week. At the end of last week, the average price of isopropanol in China was 8500 yuan / ton, while that of this weekend was 8133.33 yuan / ton. During the week, the price was reduced by 4.31%.

2、 Market analysis

This week, isopropanol prices fell, affected by the fall in acetone, isopropanol prices fell. Internationally, isopropanol in the United States closed down on October 20, while the European isopropanol market closed down slightly. So far, the negotiation range of isopropanol in Shandong Province is about 8200-8300 yuan / ton, and that of Jiangsu Province is about 8100-8200 yuan / ton. Zhejiang isopropanol negotiation range of 7900-8100 yuan / ton. The quotation of propylene isopropanol is about 8300 yuan / ton.

As for raw materials, as of the 22nd, the main offers of acetone in the national mainstream market were 6500-6600 yuan / ton in East China, 6800-6850 yuan / ton in surrounding areas of Yanshan and Shandong, and 7000 yuan / ton in South China. Most of the factories implement 6700-6800 yuan / ton, of which the price of acetone of Sinopec in North China is 7100 yuan / ton. As of the time of publication, the price plan of Sinopec in North China will be lowered, which is still under approval. It is expected that the short-term acetone market will be weak and stable.

As for propylene, as of October 22, the market price of propylene in Shandong remained stable. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to keep stable. However, the prices fell in a wide range since the weekend, with a drop of about 200 yuan / ton on the 19th, and individual downward movements from the 20th to the 22nd, most of which remained unchanged. The transaction volume is now between 7100 and 7650 The mainstream price is about 7300 yuan / ton. Now the pressure of shipment is slightly increased compared with the previous period. Therefore, it is expected that the price of propylene will continue to stabilize in the near future.

3、 Future forecast

The isopropanol analyst of chemical branch of business club thinks: the price of raw material acetone drops, and the price of propylene market keeps stable. Cost support is weak; in the international aspect, the price of isopropanol in the United States fell, and the export orders of isopropanol decreased. The domestic market demand is light, and traders mainly wait and see. If the price of acetone still exists or continues to be weak, and there is no support for downstream demand, it is expected that isopropanol will also decline with its storage. Follow up on the change of news coverage.