China’s domestic isopropanol market is basically stable this week (8.24-8.28)

1、 Price trend

 

According to the monitoring of commodity prices this week, the basic data showed that. At the beginning of the week, the average price of isopropanol in China was 8066.67 yuan / ton, and the average price at weekend was 8000 yuan / ton. During the week, the price decreased slightly, with the range of 0.83%.

 

2、 Market analysis

 

The price of isopropanol was basically stable this week. In the international market, isopropanol in the U.S. market was stable, while the European market fell. Overall, the demand for disinfectants in overseas markets was relatively stable this month. The domestic market demand is general. So far, the negotiation range of isopropanol in Shandong Province is about 8000 yuan / ton, and that in Jiangsu Province is about 8000 yuan / ton. Zhejiang isopropanol negotiation range is around 8000 yuan / ton.

 

Chart: comparison of price trend of acetone and isopropanol from June to August

 

In terms of raw materials, the acetone market has been running steadily this week, with 6350 yuan / ton in East China, 6500 yuan / ton in South China, 6400 yuan / ton in Shandong and 6300 yuan / ton in surrounding markets of Yanshan. Yesterday (August 27) acetone market narrow adjustment, affected by the typhoon, heard that the port supply delay, morning high opening, but in the afternoon the market was loose, shipping sentiment increased. On the whole, the acetone market has been running strongly this week.

 

In terms of propylene, the market price of propylene in Shandong was adjusted up and down. On August 27, crude oil prices still rose and fell, which had limited impact on propylene market. On the other hand, the overall profit margin of the downstream is acceptable, and the unit starts operation at a high level, but on the whole, it mainly needs procurement. Up to now, the market transaction is still between 6900-7250 yuan / ton, and the mainstream price is about 6950 yuan / ton. Propylene manufacturers to ship smoothly, inventory without pressure.

 

3、 Future forecast

 

The isopropanol analyst of chemical branch of business society thinks: the market price of raw materials acetone and propylene is roughly stable. Supported by the cost, isopropanol price is mainly stable. In terms of demand, the export situation this month is relatively stable. It is expected that the price of isopropanol will be stable in the short term, and follow-up attention will be paid to the changes in the news.

Thiourea