SunSirs: The N-Propanol Market Was Slightly Increasing This Week (August 6-11)

Price trend

According to the price monitoring data of SunSirs, as of August 11, 2023, the reference price of domestic n-propanol was 7,866 RMB/ton. Compared with August 6, 2023 (reference price of n-propanol was 7,783 RMB/ton), the price increased by 83 RMB/ton, an increase of 1.07%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (8.6-8.11), the overall market situation of n-propanol in China showed a slight upward trend. At the beginning of the week, the domestic n-propanol market remained stable and organized, with a relatively calm market. From mid week to weekend, the overall center of f the n-propanol market was slightly upward, downstream demand for n-propanol was stable, the trading atmosphere on the market was mild, and the supply and demand transmission was smooth. Therefore, the prices of some n-propanol factories and suppliers were slightly increased, with an increase of around 100-200 RMB/ton. As of August 11th, the domestic market price of n-propanol in Shandong region was around 7,100-7,600 RMB/ton. The market for n-propanol in Nanjing was relatively stable, and the market price for n-propanol was around 9,000 RMB/ton. 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 August 11th, the overall trading atmosphere in the n-propanol market was fair, downstream procurement was mainly on on-demand, and new orders added on the market was relatively stable. The n-propanol data analyst of SunSirs predicts that in the short term, the domestic n-propanol market will mainly be stable with minor fluctuations overall, and the specific trend still needs to pay more attention to changes in supply and demand news.

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