Table 1 Domestic Isopropanol Price Summary (Unit: RMB/mt)
| Product | Region | Sep 10 | Sep 11 | Change | Change (%) |
|---|---|---|---|---|---|
| Isopropanol | Jiangsu | 9,150 | 9,250 | +100 | +1.09% |
| Isopropanol | Guangdong | 9,150 | 9,550 | +400 | +4.37% |
| Key upstream | |||||
| Acetone | Jiangsu | 9,100 | 9,325 | +225 | +2.47% |
| Propylene | East China | 10,000 | 10,000 | 0 | 0.00% |
With East China as the benchmark, isopropanol closed at RMB 9,250/mt today, up RMB 100/mt from the previous trading day. Raw material cost support is relatively strong; production plants sharply raised their quotations; holders were mainly reluctant to sell and had little intention to actively quote; and few actual transactions followed up in the market. In the afternoon, affected by external news, holders' selling sentiment strengthened, some high-end offers retreated, and the transaction center of gravity tended toward the low end. Market participants mostly waited for the market to become clearer.
Today, the isopropanol industry capacity utilization rate was 44%. In terms of profit, the profit of acetone-based plants was -RMB 1,125/mt, and the profit of propylene-based plants was RMB 900/mt.
Raw material costs still provide support, production plants face significant cost pressure, and quotations remain firm. However, intermediaries' high-priced transactions are limited; actual transactions are mostly based on rigid demand, trading volume is average, and market participants are mostly watching raw material market trends. Overall, the isopropanol market is expected to remain rangebound in the short term. Going forward, attention should be paid to changes in raw material trends and downstream plant purchasing.
Acetone: Based on Jiangsu, today's acetone price closed at RMB 9,325/mt, up RMB 225/mt from the previous trading day. Today, the upward momentum in the East China acetone market slowed. In the morning, market fundamentals provided relatively good support, holders' sentiment for pushing up prices remained unabated, and petrochemical enterprises made concentrated, wide-ranging upward adjustments; in the afternoon, pure benzene stagnated at a high level and its price center moved lower, weakening the cost side, which intensified wait-and-see sentiment, reduced buying interest, and weakened actual trading sentiment.
Table 4 Domestic Isopropanol Data Overview (Unit: 10,000 mt)
| Data | Release Date | Previous Data | Expected Trend This Period |
|---|---|---|---|
| Capacity utilization rate | Thursday 17:00 | 44.08% | ↗ |
| Note: 1. ↓↑ indicate significant fluctuations, highlighting data with changes exceeding 3%. 2. ↗↘ indicate narrow fluctuations, highlighting data with changes within 0-3%. 3. Capacity utilization is the weekly average operating rate. |
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