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Home > News > Price Trends > Market Analysis - Monthly Report - July, 2020 -Isopropanol

Market Analysis - Monthly Report - July, 2020 -Isopropanol

ECHEMI 2020-08-04

 

 

What's hot and what's trending this month

 

1) Isopropanol plummets.

 

2) Propylene method is highly profitable, while acetone method is more profitable.

 

图片1

 
   

Summary of the market this month

 

Isopropanol prices have slumped this month. On the supply side, domestic isopropanol plant this month to maintain normal operation, supply more abundant. In terms of demand, isopropyl alcohol was still exported at the beginning of this month, and the factory's inventory declined rapidly. The price of isopropyl alcohol temporarily stabilized and sorted out. However, with the completion of the order delivery, the demand has returned to flat, under the pressure of shipment, the market continues to dip. In terms of cost, propylene law is rich in profit, and its influence is still limited, while acetone

 

plummets this month, which not only puts isopropanol on the cost, but also gives obvious pressure on the mentality of the market, with strong pessimism.

Market forecast for next month

Propylene method factory starts high, the market supply is sufficient, next month there is no manufacturer maintenance heard, supply will continue to increase. At present, the price of isopropanol is still on the high side, manufacturers continue to sell goods, exports and downstream demand is expected to improve. Next month acetone may continue to fall, propylene also bearish, cost support is not strong. Isopropanol will maintain a downward trend next month, insufficient positive supply and demand side, the market will continue to be dominated by short interest, industry sentiment negative.

Factory shutdowns in China

 

Some factories resumed operation, operating rate of 85% or so.

 

Chart of China's IPA export trend in 2019-2020

图片2

   

According to customs statistics, the average import price of isopropyl alcohol in June 2020 was $2,112.23 / ton; Isopropanol exports 27687.63 tons, the average export price is $1341.75 / ton. Note: the general administration of customs will no longer separately release the import and export data of January and February in 2020, but will merge the data in March and release the data to the public in January and February. The total amount will be divided equally.


Summary and views

Next month, the isopropanol market will still be dominated by the following lines. Acetone raw material decline is difficult to stop, propylene market also lack of good, into the face of insufficient support. In addition, currently supported by high profits, propylene method plant operation is high, the market supply is more, while the downstream outlet is not good, shipment pressure, overall supply and demand slightly unbalanced.

 

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.
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