June 18th, news
Price Trend
According to the commodity market analysis system, the price of isopropanol in China has decreased this week. The average price of isopropanol in China last Thursday was 7358.34 CNY/ton, and this Thursday it was 6950 CNY/ton, a decrease of 5.55%.
This week, the isopropyl alcohol market price in China has fallen. The price of raw material acetone continues to decline, resulting in weaker cost support. Major factories in Shandong have suspended quotations, while factories in Jiangsu and Zhejiang have lowered their offers. Overall, the focus of the isopropyl alcohol market in China is downward, with low confidence. Holders are more willing to sell, but actual transactions are cautious and flat. As of now, most quotations for isopropyl alcohol in the Shandong region are around 6,800-6,900 CNY/ton; in the Jiangsu region, most quotations are around 6,800-7,000 CNY/ton.
Future Market Prediction
The isopropanol analyst from the Chemical Subsidiary believes: This week, the market price of isopropanol has fallen, and the market sentiment is poor, with many downstream players observing. It is expected that in the short term, the market will mainly be in a weak consolidation phase, with close attention being paid to the moves of major manufacturers in China.
