Price trend:

According to monitoring data from the SunSirs' commodity price analysis system, the market price of isopropanol declined throughout November. On November 1st, the average domestic price of isopropanol was 5,675 RMB/ton, and on November 28th, the average price was 5,433.33 RMB/ton, a decrease of 4.26% compared to the beginning of the month.

Market Analysis

In November, the market price of isopropanol declined. In the first ten days of the month, the trading atmosphere was weak, and downstream purchasing sentiment was subdued, with transactions mainly concentrated at the lower end of the price range. In the middle of the month, the price of raw material acetone fell, providing only limited cost support, and traders lacked confidence, leading to a further decline in transaction prices. In the latter part of the month, the trading atmosphere remained sluggish, with downstream demand mainly driven by essential needs, and intermediaries adjusted prices according to market conditions, resulting in a narrow downward trend in the market. As of November 28, most quotations for isopropanol in Shandong province were around 5,300-5,500 RMB/ton; and most quotations in Jiangsu province were around 5,350-5,600 RMB/ton.

Regarding acetone raw materials, the domestic acetone market fluctuated and declined in November. On November 1st, the average price of acetone was 4,275 RMB/ton, and on November 28th, the average price was 4,225 RMB/ton, representing a price decrease of 1.17%. As of November 28, market trading activity was generally weak, and holders were under pressure, leading to fluctuating and declining offers.

Regarding propylene as a raw material, the domestic propylene market rose in November. On November 1st, the average market price was 6,058.25 RMB/ton, and on November 28th, the average price was 6,180.75 RMB/ton, representing a price increase of 2.02%. As of November 28, propylene producers were experiencing slower sales, and buyers were mostly adopting a wait-and-see approach. The market is expected to remain volatile and weaken.

Market Forecast:

According to an analyst from SunSirs, the price of isopropanol fell in November. As of November 28, the isopropanol market was experiencing weak trading activity, mainly driven by essential demand, with most participants adopting a cautious wait-and-see approach. It is expected that the price of isopropanol will fluctuate within a range in the short term, with close attention paid to the trends in the raw materials market.

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