September 11 news
Price Trend
According to the commodity market analysis system, the isopropanol market in China saw a significant increase this week. The average price of isopropanol in China on Monday was 7,950 CNY per ton, and by Friday, it had risen to 9,783.33 CNY per ton, with a price increase of 23.06%.
This week, the isopropanol market in China saw a significant increase. With a substantial rise in the prices of acetone and propylene, the cost of raw materials has come under pressure, leading manufacturers of isopropanol to significantly raise their prices as well. Holders have adjusted their offers according to the market trend, shifting the focus of negotiations upward. However, the purchasing interest from downstream buyers remains lukewarm, with few actual transactions taking place, as most are adopting a wait-and-see attitude. As of now, most quotes for isopropanol in Shandong region are around 9,900 CNY/ton, while in Jiangsu region, they are around 10,000 CNY/ton.
Future Market Prediction
The isopropanol analyst from the Chemical Subsidiary believes: This week, the market price of isopropanol has increased. Under cost pressure, manufacturers have raised their quotations, leading to a more cautious and watchful attitude among downstream customers. It is expected that in the short term, the isopropanol market will maintain a relatively strong and stable operation, with close attention being paid to the actions of major Chinese producers.
