[chemical] Gade chemical network finance in 2015 third quarter isopropanol market price decline in the presentation of the subject, 8 by the end of the rebound in crude oil, isopropyl alcohol prices rose slightly in early 9, due to lower demand insufficient follow-up, they began to fall. Within three months from the national average price of 7370 yuan / ton, fell to 5950 yuan / ton, down 19.27%, hit a record low cycle.
Market analysis
Product: a continuation of the downward trend in the economic environment in early July, isopropanol price fell sharply in late August, basically stable; “Tianjin Port explosion”, around environmental protection intensified, the downstream enterprises operating rate decreased significantly, MIBK prices continue to decline, at the end of the rebound in crude oil, isopropyl alcohol prices rose slightly; the traditional “Kim Gu” this year did not driven by rising demand, the downstream market demand is low fan, September domestic isopropanol prices continue to fall.
Industry chain: the third quarter of the overall downward trend in acetone, 8 at the end of the 9 month rally, fell sharply again in 9 months late. At the end of the season around Yanshan to discuss the market range of 3800-3850 yuan / ton, East China talks range 3700-3750 yuan / ton, Southern China area to discuss the range of 3900-4000 yuan / ton.
Upstream of another product propylene plummeting prices, even a record low. At the beginning of seven domestic enterprises factory price price at 7377 yuan / ton, by the end of September 29th, foreign enterprises price volatility to 4060 yuan / ton left right, a decrease of 41.48%, the current price fell 58.79% compared to the same period last year. Three months, propylene prices experienced from 7000 yuan / ton to 4000 yuan / ton below the record low.
Market forecast
This quarter, the domestic market prices weak endometriosis alcohol, continued to decline. Even in the original season of September the market will not rebound, the market strong wait-and-see atmosphere. Propylene, acetone and isopropanol weak run, weak support cost. The current cost of supply and demand are biased and bad, is expected to last quarter of this year, the market will continue downward or isopropanol.
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