1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the market price of isopropanol has fallen this week. At the beginning of the week, the average price of isopropanol in China was 9180 yuan/ton, while the average price over the weekend was 9060 yuan/ton. During the week, the price decreased by 1.31%.

Figure: Comparison of Price Trends of 8-10 Acetone and Isopropanol

The market price of isopropanol fell this week. After the National Day holiday, the market situation gradually weakened and the overall trading sentiment was poor. The upstream acetone market saw a decline in the acetone market, with weak cost support. Downstream procurement is cautious, with on-demand orders being the main focus. Most businesses maintain a wait-and-see attitude, with fewer inquiries and more wait-and-see, resulting in slow shipments. As of now, the majority of quotations for isopropanol in the Shandong region are around 6200-6400 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 6600-6800 yuan/ton.

In terms of raw material acetone, the acetone market price fluctuated and declined this week. At the beginning of the week, the average price of acetone was 7720 yuan/ton, while on Friday, the average price was 7425 yuan/ton. The price was reduced by 3.82%. The acetone market has been operating weakly this week, with upstream going down. Traders are under pressure and eager to ship, while downstream market sentiment is sluggish, with few actual orders traded. From Monday to Thursday, the market continued to decline, with a slight rebound over the weekend and the overall decline being the main trend.

In terms of propylene, according to the Commodity Market Analysis System of the Business Society, the domestic propylene (Shandong) market price fell this week, with an average price of 7200.75 yuan/ton at the beginning of the week and 7038.25 yuan/ton at the end of the week. The price was lowered by 2.26%. The propylene market has had poor trading this week. Downstream procurement enthusiasm has decreased, and the overall market is relatively light. It is expected that the market situation will be weak in the short term.

3、 Future Market Forecast

Isopropanol analysts from the Chemical Branch of the Business Society believe that upstream acetone prices have fluctuated and declined, while the propylene market prices have fallen, resulting in weak overall cost support. Downstream markets are not actively buying goods, and market transactions are more cautious and wait-and-see. It is expected that the isopropanol market will operate weakly in the short term.