Price trend

According to the SunSirs commodity market analysis system, the price of isopropanol fell overall in July. The average domestic price was 5,983.33 RMB/ton on July 1, and 5,791.67 RMB/ton on July 29, a 3.2% decrease from the beginning of the month.

Analysis review

Overall, the isopropanol market price declined in July. The market for raw material acetone continued to decline in the first half of the month, impacting confidence in the market. Weak downstream demand and rising inventories led to a downward adjustment in the isopropanol market price. The isopropanol market continued to decline in the middle of the month, driven primarily by downstream demand and limited transaction volume, resulting in a primarily slight decline. In the second half of the month, the isopropanol market initially declined before rebounding, with tight spot supply and an upward trend in market negotiations. As of July 29th, most isopropanol quotes in Shandong were around 5,700-5,800 RMB/ton; in Jiangsu, prices were around 5,800-5,950 RMB/ton.

Regarding the raw material acetone, the domestic acetone market experienced a volatile decline in July. The average price was 5,000 RMB/ton on July 1st, and 4,720 RMB/ton on July 29th, a 5.6% decrease. On the demand side, terminal isopropanol prices are expected to increase, and MMA prices are also expected to rise slightly. Overall, there has been little change in costs. SunSirs predicts that the acetone market will primarily fluctuate within a range in the short term.

Regarding propylene, domestic propylene prices initially rose before falling in July. The average price was 6,743.25 RMB/ton on July 1st, and 6,408.25 RMB/ton on July 29th, a 4.97% decrease. As of July 29th, the rebound in international oil prices was positive for market sentiment, and propylene companies faced limited inventory pressure. Downstream investors were generally cautious, and it’s expected the market will be volatile and consolidated in the short term.

Future outlook:

An isopropanol analyst of SunSirs believes that overall isopropanol market prices fell in July. As of July 29th, spot isopropanol resources were tight, and market confidence was positive. It is expected that isopropanol prices will mainly be firm in the short term, with more attention paid to raw material market trends.

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