According to commodity data monitoring, the price of isopropanol in eastern China fell in May. At the beginning of the month, the average price of isopropanol in East China was 4887.5 yuan/ton, and at the end of the month, it was 4712.5 yuan/ton. The price fell within the month by 3.58%.
II. Market Analysis
Products: In May, the domestic isopropanol fell slightly. The price of raw material acetone has been raised slightly, and the domestic isopropanol market is obviously deadlocked. The downstream orders are cautious and the buying enthusiasm is limited. By the end of the month, the range of isopropanol negotiations in Shandong was 4600-4700 yuan/ton, that in Ningbo, Zhejiang was 4700 yuan/ton, that in Jiangsu was 4700-4750 yuan/ton, and that in Guangdong, South China was 5300 yuan/ton.
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Industry chain: Looking from the upstream, the price of acetone in East China is low this month, but the price has increased slightly. The market price is 3050 yuan/ton. Influenced by raw material acetone, isopropanol market stalemate trend is obvious, traders also have a strong price intention, downstream mostly wait-and-see, buy limited. Propylene prices surged this month, rising by 6.09%. Reference is around 6840 yuan/ton. The cost of propylene isopropanol is upside down, but the effect of forced support is very little. Downstream mostly wait-and-see, buying enthusiasm is not high.
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3. Future Market Forecast
Analysts of isopropanol in the branch of business society and chemical industry believe that the raw material acetone plate has increased slightly, the price of propylene has been on the rise, which has formed a favorable support for the isopropanol market, and traders also have a strong price intention. Isopropanol is expected to rise steadily and moderately in the short term.