The price of isopropanol in the domestic market fell in June

1、 Price trend
The domestic isopropanol market price fell in June. On June 1st, the average price of isopropanol in China was 7683.33 yuan/ton, and on June 30th, the average price was 6191.66 yuan/ton, a decrease of 19.41% compared to the beginning of the month.
The domestic isopropanol market price fell in June. The market situation was light in the first half of the year, and downstream terminal demand was poor. The isopropanol market fluctuated slightly and fell. In the middle of the month, the price of raw material acetone dropped significantly, with weak cost support and weak demand, resulting in a decline in the market price of isopropanol. In the latter half of the year, raw materials continued to weaken, downstream demand was average, and overall market prices for isopropanol fell. As of now, most of the isopropanol market prices in Shandong are around 5900-6100 yuan/ton; The majority of prices in the isopropanol market in Jiangsu region are around 6200-6400 yuan/ton.
In terms of raw material acetone, the domestic acetone market price fluctuated and fell in June. On June 1st, the average price of acetone was 6950 yuan/ton, and on June 30th, the average price was 5025 yuan/ton, with a price reduction of 27.7%. At present, the overall trading atmosphere is average, and it is expected that the acetone market will maintain a small range of fluctuations in the short term.
In terms of raw material propylene, the domestic propylene market price fluctuated and fell in June. On June 1st, the market average was 9037.67 yuan/ton, and on June 30th, the average price was 7244.33 yuan/ton, with a price reduction of 19.84%. At present, the cost support for propylene is relatively weak, but the factory inventory is low, and it is expected that the propylene market price will be strong in the short term.
3、 Future forecast
Analysts believe that the overall isopropanol market price fell in June. At the end of the month, manufacturers reported a slight correction in their offers, with a narrow upward trend in the focus of their offers. Actual trading is cautious, so it is advisable to wait and see. It is expected that the isopropanol market will experience slight fluctuations in the short term, and more attention should be paid to the trend of the raw material market.