SunSirs: The Recent N-Propanol Market Slightly Increased (September 7-12)

Price trend

According to the price monitoring data of SunSirs, as of September 12, 2023, the reference price of domestic n-propanol was 8,133 RMB/ton. Compared with September 7, 2023 (reference price of n-propanol was 8,116 RMB/ton), the price increased by 17 RMB/ton, an increase of 0.21%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in the recent period (9.7-9.12), the overall market situation of n-propanol in China had shown a stable and slight upward trend. Recently, the domestic n-propanol market remained stable and organized. The news on the n-propanol market was relatively calm, and there was little adjustment in both supply and demand. The shipment rhythm of n-propanol supply side was normal, while downstream demand side’s demand was stable. The overall supply and demand transmission in the market was relatively smooth, and the mentality of the industry was good. On November 11th and 12th, some n-propanol suppliers in Shandong region increased the shipment price of n-propanol, with an increase of around 50 RMB/ton. As of September 12th, the domestic market price of n-propanol in Shandong region was around 7,600-7,800 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 might lead to differences in specific negotiation situations. Each region also had differences, and the actual order price was mainly negotiated.

Market outlook

As of September 12, the trading atmosphere of n-propanol in the market was mild, and the downstream purchase of n-propanol was mainly just in need of replenishment, and the new orders were clinched smoothly. The n-propanol data engineers of SunSirs predict that in the short term, the domestic n-propanol market will mostly stabilize and adjust its operation, and more attention should be paid to the information changes on the supply and demand side for the specific trend.

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