SunSirs: The Price of Isopropanol Rose Initially and Then Fell in October

Price trend

According to data from the SunSirs' commodity market analysis system, the price of isopropanol rose initially in October before falling, ultimately showing a slight upward trend. The average domestic price of isopropanol was 5,633.33 RMB/ton on October 1st and 5,675 RMB/ton on October 29th, representing a 0.74% increase compared to the beginning of the month.

The price of isopropanol in October rose initially and then fell. In the first ten days of the month, the shutdown of a major Shandong plant dampened sellers' willingness to sell at lower prices, leading to a significant reluctance to sell and a price increase. In the middle of the month, acetone prices fell, providing weak cost support and causing market confidence to waver, resulting in a relatively stagnant market with minor fluctuations. In late month, trading was quiet, downstream purchasing was weak, and intermediaries followed market trends, leading to a slight price decline. As of October 29, the majority of isopropanol prices in Shandong are around 5,550-5,650 RMB/ton, while in Jiangsu, the majority were around 5,600 RMB/ton.

Analysis review

Regarding raw material acetone, the domestic acetone market fluctuated and declined in October. The average price of acetone was 4,410 RMB/ton on October 1st and 4,180 RMB/ton on October 29th, a decrease of 5.22%. As of October 29, the wait-and-see atmosphere in the market had intensified, and holders of goods were under pressure, with offered fluctuating downwards.

Regarding raw material propylene, the domestic propylene market declined in October. The average price was 6,543.25 RMB/ton on October 1st, and 6,113.25 RMB/ton on October 29th, a decrease of 6.57%. As of October 29, there were expectations of increased supply in the market, and downstream buyers were selectively purchasing at lower prices based on their needs. The market is expected to mainly fluctuate and consolidate.

Market outlook

According to analysts at SunSirs, isopropanol prices rose initially in October before falling, ultimately showing a slight upward trend. As of October 29, the isopropanol market was experiencing a quiet and stable trading atmosphere, with both buyers and sellers largely adopting a wait-and-see approach. It is expected that isopropanol prices will remain relatively stable in the short term, with limited fluctuations. Close attention should be paid to the trends in the raw material market.

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