1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the domestic isopropanol market slightly declined in early July. On July 1st, the average price of isopropanol in China was 8660 yuan/ton, while on July 9th, the average price was 8590 yuan/ton. During the week, the price decreased by 0.81%.

In early July, the domestic isopropanol market slightly declined. The overall market situation is light, with poor trading on the exchange and a strong wait-and-see attitude. Downstream inquiries are average and there is a strong need to pick up goods. In addition, some enterprises such as Jinzhou Petrochemical and Ningbo Juhua have recently restarted their facilities, resulting in an overall increase in operating rates compared to last month. As of now, the majority of isopropanol market quotations in Shandong region are around 8400-8600 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 8650-8700 yuan/ton. The quotation for South China is 8800 yuan/ton.

In terms of raw material acetone, the acetone market declined in early July. On July 1st, the average price of acetone was 8062.5 yuan/ton, while on July 9th, the average price was 7767.5 yuan/ton, a decrease of 3.66%. The center of gravity of acetone continued to decline, although the port inventory was only 26000 tons, demand was limited, and the follow-up of actual orders on the market was limited, resulting in flat transactions.

In terms of propylene, the propylene market has fluctuated and fallen this week. On July 1st, the average price of propylene in China was 7133.25 yuan/ton. This Friday, the average price was 7128.25 yuan/ton, with a price reduction of 0.07%. At present, the inventory of enterprises is controllable, and downstream demand is improving. It is expected that the market will be strong and volatile in the short term.

3、 Future Market Forecast

The isopropanol analyst from the Chemical Branch of Business Society believes that the market price of isopropanol has slightly declined this week. The focus of the acetone market is downward, while the price of propylene market is fluctuating and falling, with weak cost support. In addition, the overall operating rate of isopropanol has improved, but downstream demand has not substantially improved, resulting in poor order acceptance. It is expected that the short-term isopropanol market will continue to operate weakly.