Price trend
According to price monitoring data from SunSirs, as of September 20, 2023, the reference price for domestic n-propanol was 8,016 RMB/ton. Compared to September 15, 2023 (reference price for n-propanol was 8,050 RMB/ton), the price was reduced by 34 RMB/ton, a decrease of 0.41%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that as of this week (9.15-9.20), the overall market situation of n-propanol in China had shown a slight downward trend. At the beginning of the week, the trading atmosphere of n-propanol on site was average. Some suppliers in Shandong region reduced the price of n-propanol narrowly based on their own inventory and shipment situation, with a reduction range of around 50-100 RMB/ton. In the middle of the week, the news on the n-propanol market was relatively calm, and the market was mainly in consolidation operation. As of September 20th, the domestic market price of n-propanol in Shandong region was around 7,200-7,800 RMB/ton, while higher prices were around 8,100 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 might lead to differences in specific negotiation situations. Each region also had differences, and the actual order was mainly based on negotiation.
Market outlook
As of September 20th, the overall trading atmosphere in the n-propanol market was relatively weak, with downstream stocking and procurement being relatively cautious. New orders were mostly traded on a volume basis, and the downstream pre holiday stocking pace was average. According to the n-propanol data analyst from SunSirs, in the short term, the domestic n-propanol market is mainly stable with some minor fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.
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