SunSirs: The Market Price of Isopropanol Had Slightly Increased (April 21-25)

Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the market price of isopropanol had slightly increased last week. At the beginning of the week, the average price of isopropanol in China was 6,541.67 RMB/ton, and the average price over the weekend was 6,558.33 RMB/ton, with a price increase of 0.25%.

Analysis review

The market price of isopropanol had slightly increased last week. The price of raw material acetone was rising, and the isopropanol market was tentatively increasing, but there was a lack of confidence in the future market. As of April 25th, most of the isopropanol market prices in Shandong were around 6,400-6,500 RMB/ton; The majority of prices in the isopropanol market in Jiangsu were around 6,650-6,700 RMB/ton. Overall, the confidence in the isopropanol market was average, with a focus on maintaining stability.

In terms of raw material acetone, the domestic acetone market price had risen last week. At the beginning of the week, the average price of acetone in China was 5,970 RMB/ton, and the average price over the weekend was 5,990 RMB/ton, with a price increase of 0.34%. As of April 25th, the trading atmosphere in the acetone market was average, and offers maintained range fluctuations.

In terms of propylene, the domestic propylene market was on the rise. At the beginning of the week, the market was at 6,728.25 RMB/ton, and the average price over the weekend was 6,685.75 RMB/ton, with a downward trend of 0.63%. As of April 25th, manufacturers were offering discounts and downstream customers were purchasing at lower prices according to demand. It is expected that the market will remain weak and stable in the short term.

Market outlook

The isopropanol analysts from SunSirs believe that the acetone market price was rising, the propylene price was falling, and the cost support was average. Downstream markets purchased according to demand, and isopropanol maintained stable operation. It is expected that the isopropanol market will consolidate in the short term, with more attention paid to changes in the raw material market.

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