August 14 news
Price Trend
According to the commodity market analysis system, the price of isopropanol in China increased slightly this week. The average price on Monday was 6,950 CNY per ton, and by Friday, it had risen to 6,966.67 CNY per ton, with an increase of 0.24%.
This week, isopropanol market prices in China have slightly increased. Prices from major manufacturers in Shandong region remained stable. The price of propylene has risen, providing some support to raw material costs, but the overall trading atmosphere is average, with limited willingness to sell at lower prices and insufficient follow-up at higher prices. Downstream buyers are cautious, with weaker purchasing intentions. As of now, most isopropanol market quotes in Shandong region are around 6,600-6,700 CNY/ton; in Jiangsu region, most quotes are around 6,850-7,100 CNY/ton.
Future Market Forecast
The isopropanol analyst from the Chemical Subsidiary believes: This week, the isopropanol market prices have risen. The propylene market, which is the raw material, has also moved upward, and cost support remains. Downstream purchases are mostly based on rigid demand, with a strong wait-and-see attitude. It is expected that in the short term, the isopropanol market will maintain a narrow range of fluctuations, and attention should be paid to the movements of major manufacturers in China.
