Price trend

According to the price monitoring data of SunSirs, as of October 18, 2023, the reference price of domestic n-propanol was 7,900 RMB/ton. Compared with October 13, 2023 (reference price of n-propanol was 8,000 RMB/ton), the price was reduced by 100 RMB/ton, a decrease of 1.25%.

Analysis review

After the end of the National Day holiday, there was a slight increase in the domestic n-propanol market. Entering this week, the market situation of n-propanol had weakened and fell back. Downstream demand for n-propanol was average, and the overall shipment rhythm of n-propanol was relatively slow. Some n-propanol factories and suppliers lowered the prices of n-propanol by around 100-200 RMB/ton. As of October 18th, the domestic market price of n-propanol in Shandong region was around 7,300-7,800 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 October 18th, the overall trading atmosphere in the n-propanol market was light, downstream was cautious and mainly purchased on demand, and the supply and demand transmission was average. SunSirs' n-propanol data analyst predicts that in the short term, the domestic n-propanol market will mainly fluctuate in a narrow range, and the specific trend still needs to pay more attention to changes in news on the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.