I. Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the market price of isopropyl alcohol rose first and then fell in May. Overall, the market price of isopropyl alcohol fell. The average price of domestic isopropyl alcohol on May 1 was 6563.33 RMB/ton, and the average price on May 30 was 6525 RMB/ton, a price reduction of 0.58% compared with the beginning of the month.

The market price of isopropyl alcohol rose first and then fell in May. Overall, the market price of isopropyl alcohol fell. In the first half of the month, the main factories had low operating load, the spot market was tight, the quotations of the holders pushed up, and the market price of isopropyl alcohol was raised. In the middle of the month, the isopropyl alcohol market fluctuated and rose, the price of raw material acetone was raised, the cost side supported strongly, the market mentality improved, and the market price adjusted upward. In the second half of the month, the price of raw material acetone fell, the cost side supported insufficiently, and the market demand was weak, and the purchasing enthusiasm was not high, so the market price of isopropyl alcohol fell.

As of now, most of the isopropanol market in Shandong Province is quoted at around 6400-6450 RMB/ton; most of the isopropanol market in Jiangsu Province is quoted at around 6600-6700 RMB/ton. Overall, the confidence in the isopropanol market is general and remains stable.

In terms of raw material acetone, the focus of the domestic acetone market fell in May. The national acetone market has been quoted at 5830 RMB/ton since May 1, and fell to 5673.5 RMB/ton on May 30, a drop of 3.3%. At present, the fundamentals of the market have not changed much. Traders quote as they go, and terminals are carried out on demand. Small orders are the main transactions, and the overall market is running in a consolidation.

In terms of propylene, the domestic propylene market fluctuated and fell in May. On May 1, the market was 6570.75 RMB/ton, and on May 30, the average price was 6538.25 RMB/ton, a price drop of 0.49%. At present, manufacturers continue to make concessions for shipments, and the willingness of downstream to replenish stocks at low prices has increased. It is expected that the market will be temporarily stable in the short term.

III. Market Forecast

Analysts of the isopropanol market of SunSirs believe that the market price of isopropanol rose first and then fell in May. At present, the downstream purchasing enthusiasm is not high, and most of them are waiting and watching, and the actual market transactions are limited. It is expected that the isopropanol market will fluctuate in the short term, and more attention should be paid to the trend of the raw material market.

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