SunSirs: In September, the Market Price of Isopropanol First Rose and Then Fell

Price trend

According to the SunSirs commodity market analysis system, the price of isopropanol (IPA) initially rose in September before declining, ultimately seeing a slight upward trend. The average domestic price of IPA was 5,608.33 RMB/ton on September 1st, and 5,633.33 RMB/ton on September 28th, a 0.45% increase from the beginning of the month.

In September, the isopropanol market price initially rose before declining. In the first half of the month, market sentiment gradually warmed up, with manufacturers showing a clear intention to maintain prices, and holders subsequently raising their prices. In the second half of the month, the isopropanol market was dominated by rigid demand, while downstream purchasing sentiment remained weak. Some high-end quotations softened, and prices shifted towards the lower end. As of September 28, most isopropanol quotes in Shandong were around 5,450-5,550 RMB/ton; in Jiangsu, most were around 5,650-5,700 RMB/ton.

Analysis review

Regarding raw material acetone, the domestic acetone market experienced a volatile decline in September. The average price was 4,520 RMB/ton on September 1st, and 4,435 RMB/ton on September 28th, a 1.88% decrease.As of September 28, the acetone market was at a low level, with little change on the supply side and a slight increase in demand. Spot prices remained range-bound.

Regarding raw material propylene, the domestic propylene market saw a volatile decline in September. The average price on September 1st was 6,643.25 RMB/ton, down from 6,623.25 RMB/ton on August 29th, a 0.3% decrease. As of September 28, there was an expectation of increased on-site supply, with downstream buyers purchasing at low prices based on demand. Both parties were cautiously observing the market, and the market was primarily experiencing fluctuations and consolidation.

Market outlook

The analysts of SunSirs believe that the isopropanol market price initially rose in September before falling, with a slight upward trend overall. As of September 28, the isopropanol market was weak, with cautious trading and little potential for volume growth. In the short term, the market is expected to fluctuate slightly, with more attention paid to the raw material market.

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