Price trend

According to the SunSirs commodity market analysis system, the price of isopropanol continued to decline in August. The average price was 5,900 RMB/ton on August 1, and 5,608.33 RMB/ton on August 29, a 4.94% decrease from the beginning of the month.

Analysis review

Isopropanol (IPA) prices continued to decline in August. In early August, the market for raw material acetone continued to decline, affecting confidence in the isopropanol market. Weak downstream demand and rising inventories led to a downward adjustment in IPA prices. In mid-August, driven by demand, limited transactions, and continued downward price movements, the IPA market continued to decline. In late-August, trading activity was subdued, with limited market activity and a downward adjustment in prices. As of August 29, most IPA quotes in Shandong were around 5,450-5,500 RMB/ton; in Jiangsu, prices were around 5,650-5,600 RMB/ton.

Regarding raw material acetone, the domestic acetone market declined in August. The average price was 4,820 RMB/ton on August 1st, and 4,600 RMB/ton on August 29th, a decrease of 4.56%. The acetone market was temporarily at a low point, with a generally stagnant trading atmosphere. It is expected that acetone will continue to fluctuate weakly.

Propylene prices rose in the domestic market in August. The average price on August 1st was 6,403.25 RMB/ton, and on August 29th it reached 6,663.25 RMB/ton, a 4.06% increase. As of August 29, propylene manufacturers were facing low inventories and growing pressure on downstream costs, leading to a wait-and-see approach. It is expected that the propylene market will be mainly volatile and consolidated in the short term.

Market outlook

SunSirs’ isopropanol analysts believe that isopropanol prices continued to decline in August. As of August 29, the trading atmosphere in the isopropanol market was general, actual orders were cautious, and the market was mostly stalemate. It is expected that isopropanol will remain stable in the short term, with more attention paid to the raw material market.

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