SunSirs: Recently, the Market for N-Propanol Had Been Steadily Consolidating (December 6-12)

Price trend

According to price monitoring data from SunSirs, as of December 12, 2023, the reference price for domestic n-propanol market was 7,883 RMB/ton, which was basically the same as December 1, 2023. Compared with November 1, 2023 (reference price for n-propanol was 7,766 RMB/ton), the price increased by 117 RMB/ton, an increase of 1.50%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in the recent period (12.6-12.12), the overall domestic n-propanol market had shown a stable consolidation and operation trend. The overall market fluctuation of n-propanol in the market was relatively small, and the fundamental performance was relatively calm. The supply side of n-propanol had not changed much, while the downstream demand side continued to focus on rigid demand procurement. The transmission of supply and demand was relatively stable and normal. Some n-propanol suppliers adjusted the price of n-propanol narrowly based on their own inventory and shipment situation, which had little impact on the overall market trend. As of December 12th, The domestic market price of n-propanol in Shandong region was around 7,100-7,850 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 actual negotiations were the main focus.

Market outlook

As of December 12th, the overall inquiry atmosphere in the domestic n-propanol market was relatively mild, with new orders mainly based on demand and quantity orders. SunSirs' n-propanol data analyst predicts that in the short term, the domestic n-propanol market will mainly adjust within a narrow range, 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.