1、 Price trend
| PVA 1799 (PVA BF17) |
According to commodity data monitoring, isopropanol prices rose this week. At the end of last week, the average price of isopropanol in China was 8600 yuan / ton, while that of this weekend was 10700.67 yuan / ton. During the week, the price was increased by 25.15%.
2、 Market analysis
Chart: comparison of acetone and isopropanol price trend from August to November
| PVA 1788 (PVA BP17) |
Domestic isopropanol prices soared this week. The international market, the United States market isopropanol closed stable, European market isopropanol closed up sharply. The price of acetone in domestic market rose sharply, followed by isopropanol. Up to now, the negotiation range of isopropanol in Shandong Province is about 10500-11000 yuan / ton, and that of Jiangsu Province is 11000-11500 yuan / ton. Zhejiang isopropanol negotiation range is around 11000 yuan / ton.
In terms of raw materials, according to the monitoring of bulk commodity data, acetone prices rose this week. The average price of acetone in China was 7700 yuan / ton at the end of last week and 9450 yuan / ton this weekend. The price of acetone increased by 22.73% during the week. At present, the acetone market has a big rise, which has strong support for isopropanol, and the price of isopropanol also goes up.
Propylene, according to the monitoring of commodity data, propylene prices rose this week. At the end of last week, the average price of acetone in China was 6891.91 yuan / ton, while that of this weekend was 7032.82 yuan / ton. The price of acetone increased by 2.04% during the week. The price of propylene market in Shandong Province has risen slightly. The inventory of the manufacturers is controllable, and the shipment situation is still satisfactory. At present, the profit margin of propylene isopropanol is larger.
3、 Future forecast
Isopropanol analysts of the chemical branch of the business society believe that: the market price of raw material acetone rose sharply, the market price of propylene increased slightly, and the cost support was strong, which boosted the price of isopropanol. In terms of demand, export advantages still exist. The domestic market is cautious, and most of the cargo holders are bullish and reluctant to sell. It is expected that in the short term, isopropanol prices will mainly run at a high level, and follow-up attention will be paid to the changes in the news.
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| PVA 1788 (PVA BP17) |