October 29 —
I. Price Trends
According to the commodity market analysis system, the price of isopropanol in China increased in October. On October 1, the average price of isopropanol in China was 9,250 CNY per ton, and on October 29, the average price was 9,766.66 CNY per ton, an increase of 5.59% compared to the beginning of the month.
In October, the price of isopropanol in China increased. In the early part of the month, the market saw a slight increase due to cost support from production plants. In the middle of the month, the price of raw material acetone dropped, weakening the cost support, and the negotiation focus in the market declined. In the latter part of the month, the price of raw materials rose significantly, and isopropanol factories followed by raising their quotations substantially. As of now, most of the isopropanol quotes in Shandong are around 9,600-9,700 CNY/ton; in Jiangsu, they are around 9,700-9,900 CNY/ton.
On the raw material acetone front, China’s acetone market prices rose in October. On October 1, the average price was RMB 8,862.5 per ton, and by October 29, it had climbed to RMB 9,212.5 per ton, reflecting a 3.95% increase. At present, trading activity remains robust, and the acetone market is expected to remain firm in the near term.
In terms of raw material propylene, the Chinese propylene market prices increased in October. On October 1, the average market price was 9707.67 CNY/ton, and on October 29, the average price was 11257.67 CNY/ton, with an increase of 15.97%. Currently, the propylene market supply is tight, and factory inventories are low. It is expected that the propylene market will remain stable with a slightly stronger fluctuation.
3. Future Market Prediction
The isopropanol analyst from the Chemical Sub-branch of China believes: Overall in October, the market price of isopropanol has increased. At the end of the month, market transactions were moderate, with manufacturers slightly adjusting their quotations and focusing on active sales. Downstream buyers mostly adopted a wait-and-see attitude, and actual transactions were cautious. It is expected that in the short term, the isopropanol market will operate in a weak and stable manner, with more attention paid to the trend of the raw material market.
