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[Industry Focus]：Isopropyl alcohol price center of gravity up, cost end support strong

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On November 8,

, the center of gravity of

isopropanol prices

rose. Raw materials acetone market continued to rise widely, the cost end support is strong. Isopropyl alcohol market start-up load slightly increased, supply remained sufficient, but manufacturers reluctant to sell, the market price is difficult to find, the focus of negotiations rose, the domestic downstream market on-demand procurement, the market turnover in general, inhibit the market increase, export support is stable, the market profit and negative news intertwined, isopropyl alcohol market slightly increased. At present, the reference price in Shandong is around 6800-6900 yuan/ton, that in Jiangsu and Zhejiang is around 7000-7200 yuan/ton, and that in South China is around 7200-7300 yuan/ton. As of November 8, the average price of isopropanol in the domestic market was 6800 yuan/ton, up 1.49 per cent from yesterday's price, down 2.82 per cent last weekend, down 8.11 per cent from last month's price and down 12.82 per cent from the beginning of the year.

Isopropyl alcohol cost end strong support

for

Acetone: Today, the price of acetone in the domestic market rose widely. Sinopec's billing price remained stable, the spot supply on the market was tight, the holders were in a positive mood, the offer continued to push up, the terminal factory was generally buying, the on-market trading was limited, and the actual order needed to be followed up. Today's average price in East China is 5800 yuan/ton, up 3.11 percent from yesterday's average price in East China, 6000 yuan/ton in North China, up 2.56 percent from yesterday's average price in North China, and 6050 yuan/ton in South China, up 4.31 percent from yesterday's average price in South China.

Propylene: Today's domestic propylene market prices slightly upward, although oil prices slightly downward, but the downstream manufacturers profit can be, the raw material buying is more active, manufacturers inventory pressure relief, plus the industry more speculation high mentality, support businesses offer to continue to rise, the transaction atmosphere can be.

丙酮丙烯价格.png

Isopropyl alcohol export end wide rise

According to customs data show that: from the import point of view, in September domestic imports of isopropanol reached 3338.864 tons. Isopropyl alcohol imports were down 41.51 per cent from the previous month. From the perspective of import regions, the domestic import regions of isopropanol are mainly from Taiwan, China, accounting for 69.89 percent, followed by South Korea and Japan, accounting for 18.69 percent and 9.4 percent respectively. From the perspective of import provinces, it is mainly from Jiangsu Province, accounting for 63.08 percent, followed by Shanghai Province and Shaanxi Province, accounting for 15.83 percent and 7.55 percent respectively. In terms of exports, domestic exports of isopropanol reached 19486.888 tons in September. Isopropyl alcohol exports increased by 79.73 year-on-year last month. In terms of exporting countries, the main exporters of domestic isopropanol are India, Indonesia, Thailand and Malaysia, with India accounting for 46.19 per cent of the total exports, followed by 24.10 per cent, 9.93 per cent and 9.84 per cent respectively; in terms of exporting provinces, they are mainly from Jiangsu, Guangdong, Shanghai and Shandong provinces, shandong, the main export province, accounted for about 33.79 per cent of total exports, followed by 26.05 per cent, 26.02 per cent and 11.13 per cent, respectively.

Figure: Isopropyl Alcohol Import and Export Volume Trend (Unit: Ton)

异丙醇进出口总量.png

on the whole, the cost side trend is strong, the supply side of the market is expected to increase, while the manufacturers are reluctant to sell sentiment is strong, it is expected that the daily isopropyl alcohol price continues to rise slightly, the mainstream price in 7000-7300 yuan/ton between the shock.

Source: Baichuan Yingfu

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