1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the monitoring of the Commodity Market Analysis System of Shengyi Society, the domestic isopropanol market has experienced a significant decline this week. Last Thursday, the average price of isopropanol in China was 7530 yuan/ton, and this Thursday’s average price was 6854 yuan/ton. The price dropped by 8.98% during the week.
The domestic isopropanol market has experienced a significant decline this week. The upstream acetone market is declining, with insufficient support from isopropanol, and the price of acetone is decreasing. In terms of demand, the market performance is average, with a strong wait-and-see attitude within the market. Downstream inquiries are average, and there is a strong need to purchase goods. Actual orders are cautious. As of now, most of the isopropanol market prices in Shandong are around 6750-6800 yuan/ton; The majority of isopropanol prices in the Jiangsu and Zhejiang regions are around 6900 yuan/ton, while in the South China region, the price is around 7100 yuan/ton.
In terms of raw material acetone, the market price of acetone has fallen this week. Last Thursday, the average price of acetone was 6447.5 yuan/ton, and this Thursday’s average price was 5957.5 yuan/ton, with a price drop of 7.6%. At present, the domestic acetone market price has fallen to a low level, and there has been an increase in inquiries from traders entering the market. The intention to sell at a lower price has weakened, and it is understood that the market transaction situation is average. It is expected that the acetone market will maintain stable operation in the short term.
In terms of propylene, the propylene market fell first and then rose this week, indicating an overall decline in prices. Last Thursday, the average domestic propylene price was 6968.25 yuan/ton, and this Thursday’s average price is 6938.25 yuan/ton, with a price reduction of 0.43%. At present, the inventory of enterprises is controllable, and downstream purchases are made according to demand. It is expected that the market will experience slight fluctuations and consolidation in the short term.
3、 Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price has dropped significantly this week. The acetone market continues to decline, while the propylene market price has decreased, resulting in poor cost support. The enthusiasm for downstream procurement is average, with a focus on essential needs. It is expected that the isopropanol market will weaken and consolidate in the short term.
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