1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the isopropanol market operated in a volatile manner in June, with a slight increase overall. On June 1st, the average price of isopropanol in China was 8640 yuan/ton, and on June 28th, it was 8660 yuan/ton. The price increased by 0.23% during the month.

The isopropanol market fluctuated in June, with a slight overall increase. In the early days, the price of acetone on raw materials increased, providing good cost support. The isopropanol market followed the rise in raw material acetone prices. The isopropanol market had poor trading in mid month, with a slight downward shift in the center of gravity on the market. In the latter half of the month, the price of acetone fell, and isopropanol also followed its trend. As of now, the majority of isopropanol market quotations in Shandong region are around 8500-8650 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 8800-8900 yuan/ton.

In terms of import and export, according to customs statistics, the export volume of isopropanol in China in May 2024 was 18525915 kilograms, with an export amount of 19998263 US dollars. From January to May 2024, China’s cumulative export volume of isopropanol was 83674280 kilograms, with a cumulative amount of 90135113 US dollars. According to customs statistics, the import volume of isopropanol in China in May 2024 was 1521102 kilograms, with an import amount of 3260762 US dollars. From January to May 2024, the cumulative import volume of isopropanol in China was 14817143 kilograms, with a cumulative amount of 24981188 US dollars.

In terms of raw material acetone, the domestic acetone market rose first and then fell in June, with the market price range mainly fluctuating. Overall, the domestic acetone market has weak trading volume. Lihua Yiweiyuan Chemical Co., Ltd. has lowered the ex factory price of acetone products by 200 yuan/ton, and implemented a price of 8100 yuan/ton. This price will be implemented from June 28th. It is expected that the acetone market will operate weakly and steadily in the short term.

In terms of propylene, according to the commodity market analysis system of Business Society, the domestic propylene (Shandong) market price increased in June. At the beginning of June, the market average was 6854.6 yuan/ton, with an average price of 7213.25 yuan/ton on June 28th, a monthly increase of 5.23%. In the short term, the inventory of propylene enterprises is still acceptable and overall controllable, with downstream procurement on demand. It is expected that propylene will continue to fluctuate at high levels in the short term.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of Shengyishe believes that in June, the domestic raw material acetone fluctuated and propylene rose, and cost support is still acceptable. However, downstream market demand is limited, and the market has a strong wait-and-see atmosphere. It is expected that in the short term, isopropanol will be more cautious and the market will be mainly weak and volatile.