China's Isopropyl Alcohol Market Prices Continue to Fall

Price trend

According to the monitoring of commodity data, the price of isopropanol decreased this week. The average price of domestic isopropyl alcohol was 7125 CNY/ton last Thursday, and the average price this Thursday was 6975 CNY/ton. The price was lowered during the week by 2.11%.

Market analysis

This week, the domestic isopropyl alcohol market price was lowered. At present, the export orders of isopropyl alcohol manufacturers are . At present, the downstream demand for isopropyl alcohol in China is not good, the trading atmosphere is light, and the wait-and-see mood is strong. Up to now, most of the quotations for isopropyl alcohol in Shandong are around 6900-7000 CNY/ton; most of the quotations for isopropyl alcohol in Jiangsu are around 6800 CNY/ton. Internationally, on July 12, the US isopropyl alcohol closed up, and the European isopropyl alcohol market was weak and stable.

In terms of raw material acetone, the listing price of Sinopec East China was lowered by 300 CNY/ton at the opening on Monday, and the implementation was 4900 CNY/ton. At the beginning of the week, the inventory in Jiangyin increased to 54,000 tons, and the profit value of phenolic ketone enterprises fell again. , the market downturn. At the beginning of the week, the stockholders followed the market to make an offer, the terminal factory purchases were average, the trading volume on the market was limited, the overall atmosphere was tepid, and the transactions were insufficient. The acetone market is expected to run weakly recently.

In terms of raw material propylene, the market price of propylene rose. The average domestic price of propylene was 7460 CNY/ton last Thursday, and the average price this Thursday was 7634.6 CNY/ton. The price rose during the week by 2.33%. The downstream's ability to accept high prices has declined, the market demand is mainly based on rigid demand, and the market transaction is light. The overall purchase of downstream enterprises is still relatively cautious, and production is mainly maintained. It is expected that the market will be stable and weak in the short term.

Market outlook

Isopropanol analysts believe that: at present, domestic factories are mainly exporting orders, and the domestic isopropanol market demand is sluggish. The price of acetone is lowered and the cost support is weak. The center of gravity of the isopropanol market is expected to be down in the short term.