Price trend

According to price monitoring data from SunSirs, as of April 15, 2024, the reference price for domestic n-propanol market was 8,116 RMB/ton. Compared with April 8 (reference price for n-propanol was 7,983 RMB/ton), the price increased by 133 RMB/ton, an increase of 1.67%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in the recent period (4.8-4.15), the overall domestic n-propanol market had experienced an upward trend, and the focus of negotiations in the n-propanol market was approaching a high level. From the end of the Silver April, the overall downstream demand for n-propanol had improved, with a mild trading atmosphere in the n-propanol field and an overall increase in downstream production. This had boosted the demand for raw materials and supported the upward trend of the n-propanol market on the demand side. As of April 15th, the domestic market price of n-propanol in Shandong region was around 7,600-8,400 RMB/ton. The market price of n-propanol in the Nanjing area was around 8,500-9,000 RMB/ton. Dealers 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 actual orders were mainly based on negotiations.

Market outlook

As of April 15th, the inquiry atmosphere in the n-propanol market was mild, and the mentality of the operators was good. The new transactions of n-propanol were stable. The n-propanol data analyst from SunSirs believes that in the short term, the overall stability of the domestic n-propanol market will continue to improve, and more attention should be paid to the changes in supply and demand.

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