On March 6, the isopropyl alcohol market in China saw a significant increase in prices

March 6th, news:

Product Name: Isopropyl Alcohol

Latest price: As of March 6, the average market price was 6,966.67 CNY per ton, up 6.63% from the previous trading day.

Analysis points: Today, the isopropanol market in China has continued to rise significantly. The raw materials, propylene and acetone, have both pushed up prices, boosting market confidence in isopropanol. Producers have raised their offers, and there is a strong sentiment among holders to follow the price increase, with limited willingness to sell at lower prices. Market participants are showing a strong determination to maintain prices. From the demand side, buyers are mainly following up on their essential needs, and high-price transactions are being approached cautiously. In the short term, the isopropanol market in China is expected to remain strong, with close attention being paid to the trends in the raw material markets.

Figure: P-value Curve for Isopropyl Alcohol Products from January to March