1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol first fell and then rose in mid May, indicating an overall price decline. On May 10th, the average price of isopropanol in China was 6775 yuan/ton, and on May 19th, the average price was 6750 yuan/ton, with a price reduction of 0.37%.
In mid May, the market price of isopropanol first fell and then rose, indicating an overall decline in prices. In mid May, the isopropanol market was average, with low trading enthusiasm and weak demand, resulting in a decrease in factory ex factory quotations. In the later stage, the center of gravity of acetone raw material in the market has increased, with strong cost support and improved market sentiment, resulting in an upward adjustment of on-site prices. As of now, most of the isopropanol market prices in Shandong are around 6600-6900 yuan/ton; The majority of isopropanol market prices in Jiangsu region are around 6700-6900 yuan/ton.
In terms of raw material acetone, the domestic acetone market price has risen. On May 10th, the average price of acetone in China was 5685 yuan/ton, and on May 19th it was 5805 yuan/ton, with a price increase of 2.11%. The price of raw material pure benzene has risen, and the market confidence of holders is good, with an upward focus on the offer center. It is expected that the acetone market will experience narrow fluctuations in the short term.
In terms of propylene, the domestic propylene market first rose and then fell, with a slight increase in overall prices. On May 10th, the market average price was 6630.75 yuan/ton, and on May 19th, the average price was 6645.75 yuan/ton, with a price increase of 0.23%. At present, there is no pressure on the manufacturer’s inventory, and downstream procurement is average. We are cautious and observing, and it is expected that the market will experience slight fluctuations and consolidation in the short term.
3、 Future forecast
The isopropanol analyst from the Chemical Branch of Shengyi Society believes that the acetone market price has risen, while the propylene price has slightly increased, and the cost support is still acceptable. The downstream market procurement enthusiasm is average, and the market is still cautious and cautious. It is expected that the isopropanol market will experience narrow fluctuations in the short term, with a focus on changes in the raw material market.