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On November 8, the price center of isopropanol market rose. In terms of raw materials, the acetone market continued to rise broadly, with strong support on the cost side. The starting load of the isopropanol market increased slightly, and the supply remained adequate. However, the manufacturers were reluctant to sell, and it was difficult to find low prices on the market. The focus of negotiations rose. The domestic downstream market was purchased on demand, and the transaction on the market was average. The market growth was restrained. The export support was stable. The market was mixed with bad news, and the isopropanol market rose slightly. At present, the reference price in Shandong is around 6800-6900 yuan/ton, in Jiangsu and Zhejiang is around 7000-7200 yuan/ton, and in South China is around 7200-7300 yuan/ton. As of November 8, the average price of domestic isopropyl alcohol market was 6800 yuan/ton, 1.49% higher than yesterday's price, 2.82% lower than last weekend's price, 8.11% lower than last month's price, and 12.82% lower than the price at the beginning of the year.

Strong support on cost side

Acetone: Today, the price of acetone in the domestic market rose widely. Sinopec's invoicing price was stable, and the spot supply on the market was tight. The vendor was very positive, and the offer continued to rise. The terminal factory was moderately popular, and the on-site delivery and investment were limited. The actual orders need to be followed up. The average price in East China market today is 5800 yuan/ton, 3.11% higher than that in East China market yesterday, 6000 yuan/ton in North China market, 2.56% higher than that in North China market yesterday, 6050 yuan/ton in South China market, 4.31% higher than that in South China market yesterday.

Propylene: Today, the domestic propylene market price rose slightly. Although the oil price declined slightly, the downstream manufacturers were profitable. They were more active in buying raw materials, and the manufacturer's inventory pressure was relieved. In addition, the insiders were more optimistic, which supported the merchants' offer to continue to rise. The transaction atmosphere was still good.

Wide rise at the outlet

According to customs data, in terms of import, the domestic isopropyl alcohol import volume reached 3338.864 tons in September. The import volume of isopropanol was 41.51% lower than that of last month. From the perspective of import regions, domestic isopropanol import regions mainly come from Taiwan, China, accounting for 69.89%, followed by South Korea and Japan, accounting for 18.69% and 9.4% respectively; From the perspective of import provinces, Jiangsu Province is the main source, accounting for 63.08%, followed by Shanghai Province and Shaanxi Province, accounting for 15.83% and 7.55% respectively. In terms of export, the domestic isopropanol export volume reached 19486.888 tons in September. The export volume of isopropanol was 79.73% higher than that of last month. From the perspective of exporting countries, the domestic isopropanol exporting countries are mainly India, Indonesia, Thailand and Malaysia, of which India accounts for 46.19% of the total export volume, followed by 24.10%, 9.93% and 9.84% respectively; From the perspective of export provinces, they mainly come from Jiangsu Province, Guangdong Province, Shanghai Province and Shandong Province, of which the main export province Shandong accounts for 33.79% of the total export volume, followed by 26.05%, 26.02% and 11.13% respectively.

Figure: Trend Chart of Total Import and Export of Isopropanol (Unit: ton)

On the cost side, it is expected that the rising trend of acetone market price will slow down tomorrow, and the propylene market price will be strong and the trend on the cost side will be firm; In terms of supply, the market starting load continued to be high, the supply remained adequate, and the on-site inventory continued to increase. In terms of demand, the domestic downstream and traders' purchasing sentiment is general, the export demand remains stable, the market is still in a state of oversupply, and the supply and demand are generally supported by the isopropanol market. In general, the trend of the cost side is relatively strong, and the market supply side is expected to increase, while the manufacturers are reluctant to sell. It is expected that the daily price of isopropanol will continue to rise slightly, and the mainstream price will fluctuate between 70000-7300 yuan/ton.