SunSirs: After the Holiday, the N-propanol Market Fluctuated and Fell Slightly (May 4-9)

Price trend

According to price monitoring data from SunSirs, as of May 9, 2023, the reference price for domestic n-propanol was 7,933 RMB/ton. Compared to May 4, 2023 (reference price for n-propanol was 8,000 RMB/ton), the price was reduced by 67 RMB/ton, a decrease of 0.42%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that after May Day Labor Day, the overall market situation of n-propanol in China showed a slight fluctuation and a downward trend. After the holiday, there was little overall change in the supply and demand sides of the domestic n-propanol market, with relatively calm news sides. Downstream procurement was mainly based on demand, and replenishment is mostly done according to quantity. After the holiday, some n-propanol suppliers in Shandong region adjusted their prices within a narrow range based on their own inventory and shipping rhythm, with a price adjustment range of around 50-100 RMB/ton, resulting in a slight weakening of the overall market. As of May 9, the domestic market price of n-propanol in Shandong was around 7,200-7,800 RMB/ton, the market of n-propanol in Nanjing is stable, and the market price of 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 actual orders were mainly negotiated.

Market outlook

As of the 9th, the trading atmosphere of n-propanol on the market was quiet, and the buying rhythm was stable. SunSirs’ n-propanol data analyst believes that in the short term, the domestic n-propanol market will mainly operate in a range consolidation, and the specific trend needs to pay more attention to changes in supply and demand news.

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