SunSirs: The Domestic Isopropanol Market Was Steadily Rising Last Week (9.9-9.12)

1.  the price trend

According to the data from the SunSirs' big list, the price of isopropanol continued to rise this week. On September 9th, the average price of domestic isopropyl alcohol was 6,150 RMB/ton, and the average price on September 12 was 6,216.67 RMB/ton. The price rose by 1.08% in a week.

2. Analysis review

Product: Last week, the domestic isopropanol market rose steadily. on the one hand, Raw material acetone market prices continue to rise, cost support is strong. On the other hand, Supu plant shutdown, Jinzhou Petrochemical isopropanol plant shutdown, the current market inventory is low. By the end of the weekend, the negotiation range of acetone-based isopropanol in Shandong was about 6200-6100 RMB/ton, and propylene-based isopropanol was about 6500 RMB/ton. The negotiation range of isopropanol in Ningbo is around 6300-6400 RMB/ton, that in Jiangsu Province is around 6350-6400 RMB/ton, and that in Guangdong is around 6800 RMB/ton.

Industry chain: Looking upstream, the domestic acetone market has risen last week. The market price is about 4200 RMB/ton. Last week, the mentality of the acetone isopropanol factory is general. Domestic propylene market price is relatively stable, the mainstream price is about 7650-7700 RMB/ton. Yesterday, the international crude oil market fell sharply, which has a negative impact on the propylene market as a whole.

3. Market outlook

The analysts of isopropyl alcohol from SunSirs believe that the price of raw material acetone is rising, and the price of propylene is generally stable. The cost of the factory is under pressure and the offer is stable. The downstream is more wait-and-see, and buying is cautious. In the short-term, it is expected that the isopropyl alcohol market will still be dominated by space adjustment.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.