SunSirs: Recently, the N-Propanol Market Was Stable and Sorting Out (August 18-21)
August 23 2023 14:36:42 SunSirs (John)
Price trend
According to price monitoring data from SunSirs, as of August 21, 2023, the reference price of domestic n-propanol was 7,866 RMB/ton, which was basically the same as August 17, 2023. Compared with August 7, 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 in the recent period (8.17-8.21), the overall market situation of n-propanol in China was stable and sorting out. The news on the n-propanol market was relatively calm, supply and demand transmission was normal. Downstream demand was relatively stable, the procurement was mainly on demand and the shipment rhythm on supply side was normal. The overall market situation of n-propanol was stable and consolidated. As of August 21, the domestic market price of n-propanol in Shandong region was around 7,200-7,600 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 is mainly based on negotiation.
Market outlook
As of August 21st, the overall trading atmosphere in the n-propanol market was calm and mild, with a relatively stable increase in demand orders. SunSirs' n-propanol data analyst predicts that in the short term, the domestic n-propanol market will mainly adjust and operate in the range, and the specific trend needs to pay more attention to changes in supply and demand news.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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