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SunSirs: N-propanol Market Fell Down 4.40% Due to Low Demand

February 20 2020 09:21:46     SunSirs (John)

Price trend

According to the data of SunSirs, on February 17, the average price of n-propanol was 10133 RMB/ton, a decrease of 667 RMB/ton, or 4.40%, compared with a week ago (February 10).

 

Analysis review   

Product: At present, the market of n-propanol is weak and the trading is flat. Influenced by the logistics and transportation, the downstream demand is very low and there are few transactions. On February 17, the market quotation of n-propanol in Shandong region was lowered. The ex factory price in Shandong region is around 9,500-10,000 RMB/ton (specification: barreled; Zibo area), the price of bulk water is low, the reference is around 8,900-9,100 RMB/ton, and the ex factory quotation of Shandong fengcang chemical n-propanol is 9,500 RMB/ton (specification: barreled; Shandong Zibo). The quoted price of imported n-propanol in the market is stable, with reference to 10,800-11,600 RMB/ton (barreled/Taiwan). Zhangjiagang Free Trade Zone Yexing Chemical Trade Co., Ltd. offers 10,600 RMB/ton of n-propanol (barreled/Taiwan Dalian); Shanghai Yilian Chemical Co., Ltd. offers 11,600 RMB/ton of n-propanol (barreled/Taiwan Dalian); Ningbo Haorui Chemical Co., Ltd. offers 9,500 RMB/ton of n-propanol (specification: barreled /Shandong Zibo). Some stocks of n-propanol traders have higher quotations, and dealers in various places have reservations about prices. The price is not easy to monitor, and the specific negotiation situation may differ. Each region is also different, and the actual single negotiation is the main one.

Industry Chain: On February 17, the market price of propylene in Shandong picked up. During the Spring Festival, the international crude oil market continued to decline sharply, and recently recovered slightly. The domestic propylene price also fell for many times, with more than a drop. Since February, the price of propylene in Shandong Province has been declining all the way. On February 11, the price of some enterprises recovered slightly and then declined. In the following days, the price fluctuated. Today, the price has been generally reversed. At present, the market turnover is about 5,800-6,200 RMB/ton, and the mainstream price is 5,850-6,000 RMB/ton. There are still many units in the upstream and downstream industries that have been shut down for maintenance, but the terminal manufacturers have started to return to work one after another, the logistics and transportation have also recovered, and the demand for propylene has increased slightly. On the other hand, the market price of crude oil has continued to rise slightly, which also has a supporting effect on propylene, so it is expected that the market price of propylene will rise slightly in recent days.

Industry: N-propanol is the main raw material for the production of green food printing ink n-Propyl Acetate. It is also the main raw material for the pesticide raw materials n-propylamine, di-propylamine, cleaning agent bromopropane and glycol monopropyl ether. N-propanol is also an excellent solvent, which can be used as a special solvent for aniline printing ink, especially for polyolefin and polyamide film printing. In addition, it can also be used as a solvent for Carboxymethylation of cellulose, a gelling agent and a plasticizer for cellulose acetate.

 

Market outlook

According to the analysts of SunSirs, the domestic market of n-propanol is expected to operate stably in the near future after the current shock and downward trend, while the future market will wait for the change of raw material price and shipment.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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