SunSirs: After the Holiday, the N-propanol Market As a Whole Rose Slightly (January 29-February 8)

Price trend

According to the price monitoring data of SunSirs, as of February 8, 2023, the reference price of domestic n-propanol was 8,000 RMB/ton. Compared with that of January 29, 2023 (the reference price of n-propanol was 7,833 RMB/ton), the price increased by 167 RMB/ton, or 2.13%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that after the return of the Spring Festival holiday, the domestic n-propanol market rose first and then fell, and the overall trend was mainly a small increase. In the two days after the return from the holiday, the n-propanol market was stable. Then, the n-propanol market experienced an upward movement, with the lower end prices on the market decreasing, and the overall center of gravity of the market moving upward. Since the 5th, the overall market price had dropped slightly, with a drop of about 100-200 RMB/ton. As of February 8, the market price of n-propanol in Shandong Province in China was around 7,400-7,700 RMB/ton (bulk water). The market price of n-propanol in Nanjing was around 8,500-9,000 RMB/ton. Dealers in different regions had reservations about the price, and the price was not easy to monitor, which might lead to differences in the specific negotiation situation. There were also differences in each region, and the actual order was based on negotiation.

Market outlook

At present, the trading atmosphere of n-propanol on the market is mild, and the downstream demand needs to be gradually opened. After the holiday, the supply and demand side of the n-propanol market has little change. The n-propanol statistician of SunSirs believes that in the short term, the domestic n-propanol market will mostly adjust and operate in a narrow range, and the specific trend needs to pay more attention to the changes in the information on the supply and demand side.

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