Price trend

According to price monitoring data from SunSirs, as of August 29, 2023, the reference price for domestic n-propanol was 7,966 RMB/ton. Compared with August 1, 2023 (reference price for n-propanol was 7,733 RMB/ton), the price increased by 233 RMB/ton, an increase of 3.02%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that since August (8.1-8.29), the overall market situation of n-propanol in China showed a fluctuating and upward trend. In early August, the n-propanol market as a whole fell first and then rose. At the beginning of the month, some n-propanol suppliers in Shandong slightly lowered the price of n-propanol based on their own inventory and shipping situation, with a reduction of around 100 RMB/ton. Subsequently, with stable downstream demand support, the n-propanol market began to steadily rise and operate. As of August 15th, the market price of n-propanol in Shandong region was around 7,100-7,600 RMB/ton.

In late August, the supply and demand side of the n-propanol market conducted normally, and the support provided by the supply and demand side to the market was relatively stable. The focus of the n-propanol market in Shandong region continued to move towards the high-end. As of August 29, the domestic market price of n-propanol in Shandong region was around 7,400-8,000 RMB/ton. The market for n-propanol in Nanjing was relatively stable, and the market price for n-propanol was around 9,000 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 he actual order was mainly based on negotiation.

Market outlook

As of August 29th, the trading atmosphere of n-propanol on the market was mild, and there was not much adjustment in the supply and demand side. Downstream continued to replenish goods on demand. The supply side inventory was normal, and the n-propanol data analysts from SunSirs predict that in the short term, the domestic n-propanol market situation will be mainly stable and with minor adjustments, and the specific trend still needs to pay more attention to changes in the supply and demand side news.

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