April 15th News - On April 15th, Lihuayi Weiyuan Chemical Co., Ltd. reduced the price of isopropanol by 200 yuan, with the latest ex-factory price set at 9,400 yuan/ton. Chempricehub's analysis of isopropanol shows a bearish score of -1. The reduction of isopropanol's ex-factory price by 200 yuan to 9,400 yuan/ton by Lihuayi Weiyuan Chemical Co., Ltd. indicates ample market supply or weak demand, exerting a bearish impact on spot prices. This price reduction may trigger a chain reaction in the industry, intensifying downward pressure in the spot market. The decrease of approximately 2.1% reflects a short-term supply-demand imbalance, though not to an extreme extent, thus it is rated as a moderate bearish signal.
Comments
0