1. Price Trend

According to the monitoring data of the Shengyi Social Commodity Market Analysis System, the market price of isopropanol (IPA) has dropped this week. At the beginning of the week, the average domestic price of IPA was 9180 yuan/ton, and by the end of the week, it had decreased to 9060 yuan/ton, with a decline of 1.31%.

This week, the IPA market experienced a decline in prices. After the National Day holiday, the market gradually weakened, and overall trading sentiment was poor. The upstream market of acetone saw a decline, which weakened the cost support. Downstream buyers were cautious, mainly placing orders on demand, and many industry players remained in a wait-and-see position. There were fewer inquiries, leading to slow shipments. As of now, the majority of IPA prices in Shandong region are around 6200-6400 yuan/ton, and in Jiangsu and Zhejiang regions, the majority of IPA prices are around 6600-6800 yuan/ton.

As for the raw material acetone, its market prices fluctuated downward this week. At the beginning of the week, the average price of acetone was 7720 yuan/ton, and by Friday, it had dropped to 7425 yuan/ton, with a decrease of 3.82%. The acetone market remained weak this week, with a downward trend upstream. Trading companies were under pressure to sell and downstream market sentiment was low, resulting in few actual transactions. Prices continued to decline from Monday to Thursday, with a slight rebound over the weekend, but overall, the trend was downward.

In the propylene market, according to the Shengyi Social Commodity Market Analysis System, the price of propylene (Shandong) in China has declined this week. At the beginning of the week, the average price in the Shandong market was 7200.75 yuan/ton, and by the end of the week, it had dropped to 7038.25 yuan/ton, with a decline of 2.26%. The propylene market had poor trading activity this week. Downstream purchasing enthusiasm decreased, resulting in a relatively quiet market. It is expected that the market will remain weak in the short term.

1. Future Forecast

The analyst from the Shengyi Social Commodity Market Analysis System believes that with the fluctuation in acetone prices and the decline in propylene market prices, overall cost support is weak. Downstream markets are not actively purchasing, and market transactions are cautious and cautious. It is predicted that the IPA market will remain weak in the short term.