Price trend

According to the price monitoring data of SunSirs, as of June 21, 2023, the reference price of domestic n-propanol was 7,800 RMB/ton. Compared with June 18, 2023 (reference price of n-propanol was 7,900 RMB/ton), the price was reduced by 100 RMB/ton, a decrease of 1.25%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that on the eve of the Dragon Boat Festival (6.18-6.21), the domestic n-propanol market as a whole showed a slight weak decline. Before the holiday, the downstream stocking pace of n-propanol was average, and there was no significant change in the overall supply and demand transmission. In Shandong, n-propanol factories slightly lowered the price of n-propanol by 100-200 RMB/ton. Some n-propanol suppliers also adjusted prices narrowly based on their own inventory and shipment situation, with an adjustment range of around 100 RMB/ton. As of June 21st, the domestic market price of n-propanol in Shandong region was around 7,000-7,600 RMB/ton, and the high price was around 7800 RMB/ton. The n-propanol market in Nanjing region was relatively stable, and the market price of n-propanol was around 8,800 RMB/ton. 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 actual orders were mainly negotiated.

Market outlook

As of the 21st, the supply and demand information on the domestic n-propanol market was relatively calm, trading atmosphere on the market was general, and downstream stocking was cautious and just in needed. The n-propanol data analyst from SunSirs believes that in the short term, the domestic n-propanol market will mainly adjust in a narrow range, and the specific trend needs to pay more attention to changes in the supply and demand information.

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