Price trend

According to the price monitoring data of SunSirs, as of November 8, 2023, the reference price of domestic n-propanol was 7,700 RMB/ton. Compared with November 5, 2023 (reference price of n-propanol was 7,766 RMB/ton), the price was reduced by 66 RMB/ton, a decrease of 0.86%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week, the domestic n-propanol market as a whole had slightly declined, with a calm trading atmosphere on the n-propanol market. Downstream, its procurement mainly continued to be on demand. In the Shandong region, the price of n-propanol in Shandong factories had been slightly reduced by 100 RMB/ton, and some n-propanol suppliers followed the footsteps of large factories to lower the shipping price of n-propanol, with a decrease of about 150-100 RMB/ton. As of November 8th, the domestic market price of n-propanol in Shandong region was based on around 7,000-7,800 RMB/ton. The operation of n-propanol units in the Nanjing area was normal, and the overall operation of the n-propanol market was stable, with a reference price of around 8,500-9,000 RMB/ton for the n-propanol market. Distributors in different regions still had reservations about prices, and the difficulty in monitoring prices may lead to differences in specific negotiation situations. Each region also had differences, and the actual order is mainly based on negotiation.

Market outlook

As of November 8th, the overall supply and demand information of the domestic n-propanol market was relatively calm, with a slightly slow transmission of supply and demand. The demand side provided general support to the market. The n-propanol data analyst of SunSirs predicts that in the short term, the domestic n-propanol market will mainly adjust and operate in a narrow range, and the specific trend needs to pay more attention to the changes in supply and demand information.

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