1、 Price trend

According to commodity data monitoring, the price of isopropanol increased slightly this week. The average price of domestic isopropanol was 7350 yuan / ton last Friday and 7400 yuan / ton this Friday. The price rose by 0.68% during the week.

2、 Market analysis

Figure: comparison chart of price trend of acetone and isopropanol from November to January

The domestic isopropanol market increased slightly this week. The overall market trading atmosphere is general and cautious. Factories and traders have strong upward intention. Manufacturers mainly support prices and downstream purchase on demand. Up to now, most of the quotations of isopropanol in Shandong are about 7000-7300 yuan / ton; Most of the quotation range of isopropanol in Jiangsu is about 7500-7600 yuan / ton; The quotation range of isopropanol in Zhejiang is around 7300 yuan / ton. Internationally, on March 1, isopropanol in the United States closed stable, while isopropanol in Europe closed mixed.

In terms of raw material acetone, the acetone market showed a trend of falling first and then hitting the bottom during the week. 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, the purchasing sentiment is expected to increase, and the trading atmosphere is improved. On the 4th, some domestic factories actively increased by 100-200 yuan / ton, boosting the market. The business society expects that there is still room for the acetone market next week.

In terms of raw material propylene, the price of propylene (Shandong) rose sharply this week, and the market quotation exceeded 9000 yuan / ton, of which the mainstream price of propylene in Shandong was 9000-9100 yuan / ton. Due to the further deterioration of the situation in Russia and Ukraine, the Western camp’s sanctions against Russia have been upgraded, the market’s expectation of future energy supply interruption has been further strengthened, and the oil price has continued to rise strongly. Under the cost pressure, the price of propylene has increased significantly twice, and the downstream demand is general. Under the expectation of price increase, the purchase intention of the downstream is enhanced, but at the same time, some demand users are in wait-and-see mood.

3、 Future forecast

Isopropanol analyst of business society chemical branch believes that the domestic isopropanol market is generally traded. Factories and traders have strong upward intention. The price of acetone rebounded from the bottom, the price of propylene rose sharply, and the raw material supported isopropanol strongly. The price of isopropanol is expected to rise in the short term.