1、 Price trend

Isopropanol prices fell this week, according to commodity data monitoring. The average price of isopropanol in China was 7133.33 yuan / ton last Friday, and 6933.33 yuan / ton this Friday. The price fell by 2.8% in the week.

2、 Market analysis

Figure: price trend comparison of acetone and isopropanol from April to June

Isopropanol prices continued to fall this week. Internationally, the closing price of isopropanol in the United States was stable on June 1, while the European isopropanol market closed down. Up to now, the quotation range of isopropanol in Shandong is about 6700-6900 yuan / ton, and that in Jiangsu is about 7000 yuan / ton. The price range of isopropanol in Zhejiang is around 7000 yuan / ton. Raw material acetone fell, the operation rate of East China acetone isopropanol plant increased, the wait-and-see mood of downstream was obvious, the on-site inquiry was general, the on-site trading of isopropanol was short, and the price decreased obviously.

In terms of raw material acetone, the domestic acetone market continued to fall this week. The average price of domestic acetone was 5800 yuan / ton last Friday and 5700 yuan / ton this Friday. The price fell by 1.72% during the week. The domestic acetone market continued to run in a weak position, the market negotiation was weak and difficult to adjust, the market holder was under great pressure, the offer was more cautious, the downstream terminal factories were short of gas, and the low price supply was frequent.

In terms of raw material propylene, the propylene market first fell and then rose this week. The average price of domestic propylene was 8043.09 yuan / ton last Friday and 8004.91 yuan / ton this Friday. The price was reduced by 0.47% within the week. At present, the domestic inventory is not much, some units are overhauled, the enterprises still suspend the quotation, the crude oil market continues to rise, the downstream operation rate is general, some units slightly return to work, the market is favorable, it is expected that propylene may continue to rise.

3、 Future forecast

Isopropanol analyst of chemical branch of business society thinks: at present, foreign export orders are general. The price of raw material acetone fell while the price of propylene rose. The operation rate of East China acetone isopropanol plant is improved, the spot supply is sufficient, and the delivery pressure of the shippers is greater. The lower reaches are mainly wait-and-see, and the overall trading atmosphere of the market is light. It is expected that isopropanol will be mainly consolidated at low level in the short term.