SunSirs: In December, the N-Propanol Market Experienced a Slight Fluctuation and an Upward Trend

Price trend

According to price monitoring data from SunSirs, as of December 25, 2023, the domestic market price of n-propanol was referenced at 7,933 RMB/ton, with a price increase of 50 RMB/ton compared to December 1, 2023 (reference price of n-propanol was 7,883 RMB/ton).

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in December, the overall market situation of domestic n-propanol showed fluctuations with a slight increase. At the beginning of the month, the domestic market for n-propanol remained stable and being sorted out, with relatively calm news on the n-propanol market and little change in market conditions. By mid month, the overall market situation of n-propanol had been operating with a narrow downward trend. Some factories and n-propanol suppliers in Shandong region had slightly lowered the price of n-propanol by about 50 RMB/ton. At the end of the month, the overall market situation of n-propanol showed a slight correction, with downstream n-propanol stocking on demand, normal supply and demand transmission on the market, and a slight upward shift in the overall center of n-propanol. As of December 25th, the domestic market price of n-propanol in Shandong region was around 7,350-7,800 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. 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 negotiations were mainly based on actual orders.

Market outlook

As of December 25th, approaching the end of the year, the overall atmosphere in the domestic n-propanol market was mild. Downstream n-propanol stocks were stable before the holiday, and the market trading atmosphere was still good. SunSirs' n-propanol data analyst predicts that in the short term, the domestic n-propanol market will mainly operate with a stable and slightly stronger trend. 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.