SunSirs: Isopropanol Market Price Increased in Early May

Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the market price of isopropanol increased in early May. On May 1st, the average price of isopropanol in China was 6,563.33 RMB/ton, and on May 9th, the average price was 6,775 RMB/ton, with a price increase of 3.23%.

Analysis review

The market price of isopropanol increased in early May. The main factories had low operating loads, and the spot market was tight. Holding traders had pushed up their prices, but downstream replenishment enthusiasm was average, with limited new order transactions. In addition, the acetone market price had fallen last week, and the increase in negotiation focus was limited, resulting in insufficient confidence in the future market. As of May 9th, most of the isopropanol market prices in Shandong were around 6,800 RMB/ton; The majority of prices in the isopropanol market in Jiangsu region were around 6,700-7,000 RMB/ton.

In terms of raw material acetone, the domestic acetone market price had fallen last week. On May 1st, the average price of acetone in China was 5,830 RMB/ton, and on May 9th, the average price was 5,685 RMB/ton, with a price reduction of 2.49%. As of May 9th, acetone holders' intention to ship at low prices had weakened, and their offers were moving towards high-end.

In terms of propylene, the domestic propylene market was on the rise. On May 1st, the market was average at 6,570.75 RMB/ton, and on May 9th, the average price was 6,630.75 RMB/ton, with a price increase of 0.91%. As of May 9th, manufacturers' shipments were average, and downstream procurement enthusiasm was not good. They were observing and waiting, and it is expected that the market will be weaker in the short term.

Market outlook

The isopropanol analyst from SunSirs believes that the acetone market price had fallen, the propylene price had slightly increased, the cost support was weak, and the downstream market procurement enthusiasm was not good. The market was mostly wait-and-see. It is expected that the isopropanol market will operate weakly and steadily in the short term, and more attention should be paid to changes in the raw material market.

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