Price trend

According to monitoring data from SunSirs' commodity price analysis system, the price of isopropanol increased in January. On January 1st, the average domestic price of isopropanol was 5,176.66 RMB/ton, and on January 29th, the average price was 5,716.67 RMB/ton, representing a 10.43% increase compared to the beginning of the month.

Market analysis

In January, the market price of isopropanol increased. In the first ten days of the month, end-user purchasing intentions were generally weak, and intermediaries were cautious in their operations, showing a clear reluctance to sell, resulting in a stalemate in market prices. In the middle of the month, the price of upstream acetone rose, and cost support boosted confidence in the isopropanol market, leading to an upward trend in market prices. In the latter part of the month, the isopropanol market continued its upward trend. Major manufacturers raised their quotations, and holders of the product had a positive outlook, with their offers rising accordingly. As of January 29, most quotations for isopropanol in the Shandong region were around 5,600-5,700 RMB/ton; most quotations in the Jiangsu region are around 5,700-5,800 RMB/ton.

Regarding the raw material acetone, domestic acetone market prices increased in January. The average price of acetone was 4,092.5 RMB/ton on January 1st, and 4,800 RMB/ton on January 29th, representing a price increase of 17.29%. According to SunSirs, the domestic acetone market is expected to remain volatile but generally strong in the short term, with controllable supply-side pressure and strong cost support.

Regarding propylene as a raw material, domestic propylene market prices increased in January. The average market price was 5,717.67 RMB/ton on January 1st, and 6,411 RMB/ton on January 29th, representing a price increase of 12.13%. As of January 29, supply was tight in the market, and manufacturers had low inventory levels. The market is expected to remain volatile and undergo consolidation.

Market outlook

According to the isopropanol analyst at SunSirs: the price of isopropanol increased in January. As of January 29, the prices of raw materials acetone and propylene were high, providing strong cost support. Holders of the product had a positive outlook, and manufacturers continued to raise prices. It is expected that the isopropanol market will remain stronger in the short term, and attention should be paid to the trend of the raw material market.

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