SunSirs: The Market Price of Isopropanol Fell in April

Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the market price of isopropanol fell in April. On April 1st, the average price of isopropanol in China was 6,670 RMB/ton, and on April 28th, the average price was 6,563.33 RMB/ton, a decrease of 1.6% compared to the beginning of the month.

Analysis review

The market price of isopropanol fell in April. In the first ten days, the price of raw material acetone fell, and the support for raw materials was insufficient, leading to a decrease in isopropanol. In the middle of the month, the isopropanol market first rose and then fell. With raw material prices increasing and cost support, the attitude of holders of goods improved, and the offer slightly increased. However, the demand was average, and downstream demand for goods was mainly driven by urgent needs. In the late of the month, the price of raw material acetone rose, and the isopropanol market tentatively increased, but confidenc for the future market was poor. As of April 28th, 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 focus of the domestic acetone market fell mainly in April. The national acetone market has been trading at an average price of 6,190 RMB/ton since April 1st, falling to 5,900 RMB/ton on April 28th, a decrease of 4.68%. From the perspective of the acetone market in East China, the offer price for East China was 5,800 RMB/ton on April 28th. It is expected that the acetone market will continue to operate weakly in May.

In terms of propylene, the domestic propylene market fluctuated and fell in April. On April 1st, the market average was 6,735.75 RMB/ton, and on April 28th, the average price was 6,638.25 RMB/ton, a decrease of 1.45% in price. As of April 28th, 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 analyst from SunSirs believes that the isopropanol market price fell in April. Upstream propylene and acetone raw materials both fell, with weak cost support. Downstream procurement enthusiasm was poor, with a focus on wait-and-see measures, resulting in limited actual market transactions. It is expected that isopropanol will fluctuate in the short term, and more attention should be paid to the trend of the raw material market.

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