June 12th, News
Price Trend
According to the commodity market analysis system, the price of isopropanol in China fell this week. At the beginning of the week, the average price of isopropanol in China was 7,366.67 CNY per ton, and by the end of the week, it had decreased to 7,275 CNY per ton, a decline of 1.24%.
This week, the isopropanol market price in China has fallen. The price of raw material acetone has decreased, and cost support is weak, leading to a reduction in factory quotations. Overall, the isopropanol market performance is relatively weak, with poor market confidence. The willingness of suppliers to sell has increased, and downstream demand is mainly driven by essential needs. As of now, in the Shandong region, most isopropanol market quotations are around 7000-7100 CNY/ton; in the Jiangsu region, most isopropanol market quotations are around 7300-7500 CNY/ton.
Future Market Prediction
The isopropanol analyst from the chemical division believes: This week, the market price of isopropanol has fallen. The downstream demand is mainly need-based, and the mentality of the holders is unstable, with an increased willingness to sell. It is expected that in the short term, the market will mainly be in a weak consolidation phase, and more attention should be paid to the movements of major manufacturers in China.
