1、 Price trend
Isopropanol prices rose this week, according to commodity data monitoring. At the beginning of the week, the average price of isopropanol in China was 10600 yuan / ton, and at the end of the week, the average price was 11666.67 yuan / ton. The price of isopropanol rose by 10.06% during the week.
2、 Market analysis
| PVA 1799 (PVA BF17) |
Product: isopropanol market continued to rise this week. The price of isopropanol has been rising since March 13. At present, isopropanol in the U.S. continued to rise, while isopropanol in Europe ended stable and fell. From the perspective of China’s export price, the export price of Europe is expected to continue to rise. Up to now, the negotiation range of isopropanol in Shandong Province and Jiangsu Province is about 10000-11700 yuan / ton and 11700-12000 yuan / ton respectively. In terms of the current international situation, the demand for disinfectant and other resources in the European market will remain high.
Industry chain: the upstream acetone market price has risen significantly. At present, the quotation in East China is 4650 yuan / ton; the quotation in Shandong is 4550 yuan / ton; the quotation in surrounding areas of Yanshan is 4500 yuan / ton; the quotation in South China is 4800 yuan / ton. The market price of propylene in Shandong has been raised steadily. At present, the market negotiation range has risen to 5900-6000 yuan / ton.
| PVA 1788 (PVA BP17) |
3、 Future forecast
According to the isopropanol analyst from the chemical branch of business society, from the current situation in Europe, a large amount of demand for isopropanol in the European market will continue for some time. In the near future, the supply of factories is in short supply, and traders are reluctant to sell. However, in the short term, the domestic price of isopropanol remained high, and the follow-up attention was focused on the change of news.
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