On March 9, the Isopropyl Alcohol Market in China Experienced a Significant Price Increase
March 9th, News
Product Name: Isopropyl Alcohol
Latest price: As of March 9, the average market price was 9,366.67 CNY/ton, up 34.45% from the price of 6,966.66 CNY/ton on March 6.
Analysis highlights: Today, the isopropanol market in China has seen a significant increase. Due to the escalating situation in the Middle East, international oil prices have surged. The raw materials, propylene and acetone, have both shown strong increases, driving up the cost of isopropanol. As a result, production plants have significantly raised their offers. From the demand perspective, downstream demand is weak, with low willingness to purchase, and transactions at high prices are cautious. In the short term, the isopropanol market in China will mainly show a strong trend, with close attention being paid to the movements in the raw material market.
Figure: P-value Curve for Isopropyl Alcohol Products from January to March
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