In May, the price of domestic isopropanol market fell. On May 1st, the average price of isopropanol was 7110 yuan/ton, and on May 29th, it was 6790 yuan/ton. During the month, the price increased by 4.5%.
In May, the price of domestic isopropanol market fell. The isopropanol market has been sluggish this month, with cautious trading on the sidelines. Upstream acetone and propylene fell one after another, cost support weakened, the focus of negotiation fell, and market prices fell. As of now, the majority of quotations for isopropanol in the Shandong region are around 6600-6800 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 6800-7400 yuan/ton.
In terms of raw material acetone, according to the monitoring of the commodity market analysis system of the business community, the market price of acetone fell this month. On May 1st, the average price of acetone was 6587.5 yuan/ton, while on May 29th, the average price was 5895 yuan/ton. During the month, the price decreased by 10.51%. In May, due to difficulties in improving the demand side of domestic acetone, the intention of holders to sell at a profit margin was clear, and the offer continued to decline. Factories followed suit, while downstream factories were more wait-and-see, hindering procurement progress. Terminals continued to pay attention to the improvement of demand.
In terms of raw propylene, according to the monitoring of the commodity market analysis system of the business community, the domestic propylene (Shandong) market price fell in May. The market was 7052.6/ton at the beginning of May. The average price on May 29 was 6438.25/ton, down 8.71% month on month. Propylene analysts from the Chemical Branch of the Business Society believe that due to the sluggish demand market for propylene, there has been a significant increase in upstream inventory. In order to stimulate sales, factories have continued to reduce prices and inventory, but the demand increase is limited. Downstream procurement is cautious and there is a strong wait-and-see atmosphere. It is expected that there will be no significant improvement in downstream demand in the short term, and the propylene market will maintain a weak trend.
The domestic isopropanol market price fell this month. The acetone market price continued to decline, the propylene (Shandong) market price fell, the isopropanol market trading atmosphere was light, traders and downstream users were more wait-and-see, actual orders were cautious, market confidence was insufficient, and the focus shifted downward. It is expected that the isopropanol market will operate weakly and steadily in the short term.