1、 Price trend
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According to commodity data monitoring, isopropanol prices rose this week. The average price of domestic isopropanol was 6400 yuan / ton on Monday and 6866.67 yuan / ton on Friday. The price increased by 7.29% during the week.
2、 Market analysis
Figure: comparison of price trend of acetone and isopropanol from June to August
The price of isopropanol increased this week. Internationally, on August 3, the U.S. isopropanol closed stable, and the European isopropanol market closed basically stable. Acetone rose steadily this week, which has certain support for isopropanol. The factory quotation is relatively strong, the trader’s mentality is good, the isopropanol market has strong intention to increase, and the quotation is firm and upward. Up to now, the quotation range of isopropanol in Shandong is about 6500-6700 yuan / ton; The quotation range of Jiangsu isopropanol is about 7100-7200 yuan / ton; The quotation range of isopropanol in Zhejiang is around 7000-7200 yuan / ton.
In terms of raw material acetone, the domestic acetone market has been negotiated higher. After the petrochemical plant has increased again and the enterprise operating rate may decline, the confidence of cargo holders has improved. They have heard that the shipping schedule has been postponed to Hong Kong. Stimulated by various news, the market price is strong. The average price of domestic acetone was 5125 yuan / ton on Monday and 5175 yuan / ton on Friday. The price increased by 0.98% during the week.
In terms of raw propylene, the propylene market quotation decreased this week. On Monday, the average price of domestic propylene was 7845.82 yuan / ton, and on Friday, the average price was 7727.64 yuan / ton. During the week, the price was adjusted downward by 1.51%. At present, propylene method has no advantage, the price is upside down, and the impact on the current isopropanol price is limited.
3、 Future forecast
Isopropanol analysts of the chemical branch of business society believe that: at present, the domestic isopropanol market offer is strong and upward, the factory quotation is increased, the trader’s mentality is good, and the market bullish expectation is strong. It is expected that the price of isopropanol will continue to rise slightly in the short term.