price trend
This week, the market price of isopropanol fell. At the beginning of the week, the average price of isopropanol in China was 7366.67 yuan/ton, and the average price over the weekend was 7275 yuan/ton, with a price reduction of 1.24%.
The market price of isopropanol has fallen this week. The price of raw material acetone has fallen, and cost support is weak, resulting in a decrease in factory offer prices. Overall, the isopropanol market is weak, with poor market confidence and increased shipping sentiment among holders, mainly driven by downstream demand. As of now, most of the isopropanol market prices in Shandong are around 7000-7100 yuan/ton; The majority of prices in the isopropanol market in Jiangsu are around 7300-7500 yuan/ton.
Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price has fallen this week. Downstream demand is the main focus, and the mentality of cargo holders is unstable, leading to an increase in shipping sentiment. It is expected that the short-term market will be weak and mainly focused on consolidation, with more attention paid to the trading trends of major companies.
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