Price trend

According to price monitoring data from SunSirs, as of July 26, 2023, the reference price for domestic n-propanol was 7,766 RMB/ton. Compared to July 21, 2023, the price remained basically unchanged. Compared to July 1, 2023 (reference price for n-propanol was 7,833 RMB/ton), the price decreased by 67 RMB/ton, a decrease of 0.85%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (7.21-7.26), the overall market situation of n-propanol in China showed a fluctuating operation in a range. At the beginning of the week, some suppliers of n-propanol in Shandong region adjusted the price of n-propanol based on their own inventory and shipment situation, with an adjustment range of about 200 RMB/ton. The overall market of n-propanol fluctuated. From mid week to weekend, the n-propanol market remained stable, with consolidation and operation being the main focus. As of July 26th, the market price of n-propanol in Shandong region was around 6,700-7,600 RMB/ton. The market for n-propanol in Nanjing was relatively stable. Distributors in different regions still had reservations about prices, and the difficulty in monitoring prices might 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 July 26th, the overall trading atmosphere in the n-propanol market was mild, with relatively stable supply and demand. Downstream customers mainly purchased on demand, and new orders in the market were transacted normally. SunSirs' n-propanol data analyst predicts that in the short term, the overall domestic n-propanol market will mainly adjust and operate within a narrow range, and the specific trend needs to pay more attention to changes in news on the supply and demand side.

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