SunSirs: The Market Price of Isopropanol Rose First and Then Fell in June

Price trend

According to the monitoring of the commodity market analysis system of SunSirs, the overall market price of isopropanol fell in June. On June 1st, the average price of isopropanol in China was 6,525 RMB/ton, and on June 27th, the average price was 6,133.33 RMB/ton, a decrease of 6% compared to the beginning of the month.

Analysis review

Overall, the isopropanol market prices fell in June. In early June , the price of raw material acetone fell, the market situation was light, and demand was weak, resulting in a decrease in the market price of isopropanol. The isopropanol market rose in mid month, with good shipments from major factories in Shandong and a slight increase in prices. The market stopped falling and rebounded, slightly boosting the mentality of industry players. In the late month, production companies had no inventory pressure, traders had average shipments, but their willingness to offer discounts was limited, downstream purchasing enthusiasm was not high, and market prices slightly decreased. As of June 27th, most of the isopropanol market prices in Shandong were around 6,000-6,100 RMB/ton; The majority of prices in the isopropanol market in Jiangsu region were around 6,200-6,300 RMB/ton. Overall, the confidence in the isopropanol market was average, with market fluctuations being the main factor.

In terms of raw material acetone, the domestic acetone market fluctuated and fell in June. On June 1st, the average price of acetone was 5,450 RMB/ton, and on June 27th, the average price was 5,200 RMB/ton, a decrease of 4.59%. As of June 27th, facing the further decline of petrochemical industry chain products and downstream demand, the sentiment of entering the market for replenishment had decreased, and the actual transaction volume was limited.

In terms of propylene, the domestic propylene market price first rose and then fell in June. On June 1st, the market average was 6,538.25 RMB/ton, and on June 27th, the average price was 6,775.75 RMB/ton, with a price increase of 3.63%. As of June 27th, there was a lack of positive news in the market, and enterprise inventory had increased. Downstream market is expected to be weaker and consolidate in the short term.

Market outlook

The isopropanol analyst from SunSirs believes that the overall isopropanol market price fell in June. At present, the enthusiasm for downstream procurement was average, and there was a strong wait-and-see attitude in the market, with limited actual 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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