SunSirs: The N-propanol Market Was Stable and Consolidated This Week (May 22-26)

Price trend

According to price monitoring data from SunSirs, as of May 26, 2023, the reference price for domestic n-propanol was 7,700 RMB/ton. Compared to May 22, 2023, the price remained basically unchanged. Compared to May 15, 2023 (reference price for n-propanol was 7,900 RMB/ton), the price was reduced by 200 RMB/ton, a decrease of 2.53%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (5.22-5.26), the domestic n-propanol market as a whole showed a stable and consolidation trend. This week, the overall news of the domestic n-propanol market was relatively calm, with little change on the supply and demand sides. On the supply side, the operation of the n-propanol device was normal, while on the demand side, the downstream of n-propanol continued to mainly purchased on demand. The mentality of n-propanol operators was stable, and the on-site trading atmosphere was mild. As of May 26, the market price of n-propanol in Shandong Province in China was around 6,700-7,800 RMB/ton, with a large difference between high and low prices. 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 26th, the domestic n-propanol market as a whole was relatively stable, with a normal trading atmosphere on the market. Downstream demand was mainly restocking according to quantity. SunSirs’ n-propanol data analysts believe that in the short term, the domestic n-propanol market will be mainly stable with small fluctuations, and the specific trend needs to pay more attention to changes in supply and demand news.

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