SunSirs: Since November, the N-Propanol Market Had Been Fluctuating and Slightly Declining

Price trend

According to the price monitoring data of SunSirs, as of November 24, 2023, the reference price of domestic n-propanol was 7,733 RMB/ton. Compared with November 1, 2023 (reference price of n-propanol was 7,766 RMB/ton), the price was reduced by 33 RMB/ton, a decrease of 0.43%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that from November, the domestic n-propanol market had shown an overall fluctuation with a slight decline. In early November, the domestic n-propanol market as a whole experienced a weak decline, with a calm trading atmosphere on the n-propanol floor and moderate downstream support. Some normal propanol factories in Shandong region had lowered the shipping price of normal propanol by about 100 RMB/ton, while some normal propanol suppliers had followed in the footsteps of large factories to lower the price of normal propanol by about 50-100 RMB/ton. As of November 13th, the domestic market price of n-propanol in Shandong region was based on around 7,000-7,800 RMB/ton.

In late November, the domestic n-propanol market saw a slight pullback, with a mild trading atmosphere in the n-propanol market. A small portion of downstream essential purchases provided some support to the market. n-propanol factories and operators actively raised the price of n-propanol narrowly, with an increase of about 50-100 RMB/ton. Subsequently, the market remained stable and consolidated. As of November 24th, the domestic market price of n-propanol in Shandong region was around 7,100-7,800 RMB/ton. The normal operation of the n-propanol plant in the Nanjing area, and the overall stable operation of the n-propanol market, with a reference price of around 8,500-9,000 RMB/ton for the n-propanol market. Dealers 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 November 24, the overall trading atmosphere of the domestic n-propanol market was mild, and the supply and demand news was relatively calm. Downstream demand was mainly based on quantity based procurement. SunSirs' n-propanol data analyst predicts that in the short term, the overall market situation of the domestic n-propanol market will adjust slightly, and the specific trend still 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.