1、 Price trend

According to commodity data monitoring, isopropanol prices continued to decline this week. The average price of domestic isopropanol was 7966.67 yuan / ton last Friday and 7733.33 yuan / ton this Friday. The price decreased by 2.93% during the week.

2、 Market analysis

Figure: comparison of price trend of acetone and isopropanol from August to October

Isopropanol prices continued to fall this week. The price of raw material acetone continues to decline, suppressing the market mentality. Traders are more cautious in taking goods. Most of the downstream are wait-and-see. The overall trading atmosphere of the market is light, and the isopropanol market quotation fell. Up to now, most quotations of Shandong isopropanol are about 7400-7500 yuan / ton; Most of the quotation range of Jiangsu isopropanol is about 7700 yuan / ton; Most quotations of isopropanol in Zhejiang are about 7600 yuan / ton. Internationally, on November 10, the isopropanol market in the United States closed stable and the isopropanol market in Europe closed stable.

In terms of raw acetone, the domestic acetone market price has been reduced. Up to now, the offer range in East China is 5700 yuan / ton, and there may still be room for negotiation. The terminal demand is poor, the participation of intermediate traders is low, the interest of shippers is increased, the inventory of petrochemical plants has increased, and there is pressure on shipment. The business community expects that the acetone market will be dominated by weak adjustment in the short term.

In terms of raw propylene, the price of propylene continued to decline weakly this week. As of Friday, the price of propylene in Shandong market was 7800-7900 yuan / ton. Propylene’s performance remained stable in the first half of the week, and the price was temporarily stable under the support of raw material cost. On Wednesday, due to the sharp decline of international oil price, the price of propylene accelerated to fall. At the same time, the overall downstream demand was general, and the demand support was insufficient. Propylene is expected to continue to fluctuate and decline in the near future.

3、 Future forecast

The isopropanol analyst of the chemical branch of business society believes that the focus of the domestic isopropanol market is downward. The prices of raw materials acetone and propylene have been lowered one after another, and the cost support is insufficient. At present, the trading atmosphere in the market is poor, the overall transaction is relatively cold, the confidence of the industry is insufficient, the wait-and-see mood in the downstream is obvious, there are few inquiries, and the shipment is slow. It is expected that the price of isopropanol will continue to tilt downward in the short term.