Sunsirs: Due to the impact of the COVID-19 epidemic, in just 4 days, the price of isopropyl alcohol rose 18.95%!

1. Price Trend

Monitoring of commodity data from SunSirs shows that isopropanol prices have risen sharply. The average domestic price of isopropanol was 6025 yuan/ton on March 13 and the average price was 7166.67 yuan/ton on March 17. The price rose sharply, with a range of 18.95%.

2. Market analysis

Products: Just after a weekend, the domestic isopropanol market not only rebounded to the bottom, but began to rise rapidly. The sharp increase was mainly due to the increase in the export of isopropanol and the tight spot. Some manufacturers have suspended their external quotations, and the prices of factories and traders have continued to increase. At present, the isopropyl alcohol negotiation range in Shandong is around 7000-7500 yuan/t, the isopropyl alcohol negotiation range in Jiangsu area is 7200-7300 yuan/t, and the southern China Guangdong negotiation area is around 7500 yuan/t. Most players care about the time and intensity of this round of firmness.

From the current international situation, countries have huge demand for disinfectant and other resources, especially in Europe and America. The average price of FOB Rotterdam on March 10 was $1,361/t, while the price of FOB China on March 16 has risen from $760/t to $900/t. China's isopropanol factory once again shifted its production focus to exports, and domestic prices also reached high levels.

Industry chain: If this round of isopropyl alcohol is strong and sustained, the support of upstream acetone is indispensable. It is also critical whether the price will rise. The current view of East China is up 200 yuan/ton, and the current offer is 4,600 yuan/t; South China is up 100 RMB/t is currently priced at RMB 4,600/t. The Shandong area and the surrounding area of Yanshan have temporarily offered a stable price of 4,400 yuan / ton. The propylene market is slightly lowered, and the current offer is around RMB 5,900 / t.

3. Market forecast

Isopropyl alcohol analysts at SunSirs Chemical Branch believe that: due to the emergency, the isopropyl alcohol export market opened ahead of time. According to incomplete statistics, the current export volume of isopropyl alcohol is close to 20,000 tons. From the current point of view, under the situation of tight inventory, the prices of isopropyl alcohol will remain high in a short period of time.

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