Price trend
According to price monitoring data from SunSirs, as of October 27, 2023, the reference price for domestic n-propanol was 7,833 RMB/ton. Compared to October 1, 2023 (reference price for n-propanol was 7,950 RMB/ton), the price was reduced by 117 RMB/ton, a decrease of 1.47%.
Analysis review
In October, the domestic n-propanol market as a whole rose first and then fell. In early October, after returning from the National Day holiday, the market for n-propanol remained relatively stable and the news was calm. In the middle of the month, some factories raised prices slightly, driving the market up briefly. In early October, the market for n-propanol saw a reference increase of 0.63%.
In late October, the n-propanol market was generally weak and declining. During the "Silver October", downstream demand in the n-propanol market was average, mainly purchased on demand and the stocking was relatively cautious overall. The shipment situation in the n-propanol market was poor, and some n-propanol factories and suppliers lowered the prices of n-propanol by around 100-200 RMB/ton. In later October, the decline in the n-propanol market was referred to as 2.08%. 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 the actual order was mainly based on negotiation.
Market outlook
As of the 27th, the overall trading atmosphere in the domestic n-propanol market was relatively cold, with average performance in boosting downstream demand. The support provided by the demand side was limited, and the overall change in the supply side was not significant. SunSirs' n-propanol data analyst predicts that in the short term, the domestic n-propanol market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.
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