1、 Price trend

According to commodity data monitoring, isopropanol prices rose sharply this month. At the beginning of this month, the average price of isopropanol in China was 7900 yuan / ton, and the average price at the end of this month was 10566.67 yuan / ton. The price of isopropanol increased by 33.76% within the month.

2、 Market analysis

Chart: comparison chart of acetone and isopropanol price trend from September to November

The price of isopropanol in China rose sharply this month. In the international market, isopropanol closed stable in the US market on the 24th, and isopropanol in the European market was basically stable on the 24th. In January, the price of acetone in domestic market rose sharply, followed by isopropanol, and slightly decreased at the end of the month. Up to now, the negotiation range of isopropanol in Shandong Province is about 10500-11000 yuan / ton, and that in Jiangsu Province is about 10500 yuan / ton. Zhejiang isopropanol negotiation range is around 10200 yuan / ton.

In terms of raw materials, according to the monitoring of bulk commodity data, the price of acetone rose this month. At the beginning of the month, the average price of domestic acetone was 6775 yuan / ton, and the average price at the end of this month was 9450 yuan / ton. The price of acetone increased by 39.48% within the month. The acetone market rose a lot this month, which strongly supported isopropanol, and the price of isopropanol also went up.

Propylene, according to the monitoring of commodity data, propylene prices rose this week. At the beginning of the month, the average price of domestic acetone was 6737.36 yuan / ton, and the average price at the end of this month was 7739.18 yuan / ton, and the price was increased by 14.87% within the month. At present, the inventory of propylene manufacturers is small, and the crude oil price has dropped slightly, but the downstream market is better and the increase is more obvious. Therefore, it is expected that the propylene price will continue to rise in the near future.

3、 Future forecast

Isopropanol analysts from the chemical branch of business club believe that: the market price of raw material acetone has risen sharply, the market price of propylene has been raised, and the cost support is strong, which has boosted the price of isopropanol. In terms of demand, the current export situation is relatively stable. Domestic market demand is general, many manufacturers do not offer. It is expected that the price of isopropanol will fall slightly in the short term, and follow-up attention will be paid to the changes in the news.