SunSirs: The N-Propanol Market Remained Stable and Consolidated This Week (January 1-5)

Price trend

According to price monitoring data from SunSirs, as of January 5, 2024, the reference price for domestic n-propanol market was 7,933 RMB/ton, which was basically the same as January 1, 2024. Compared with November 1, 2023 (reference price for n-propanol was 7,766 RMB/ton), the price increased by 167 RMB/ton, an increase of 2.36%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week, the overall market situation of n-propanol in China remained stable and organized. As entering the first week of 2024, the overall news of the domestic n-propanol market remained calm, with little changes in on-site device operation. Downstream demand for n-propanol continued to be mainly for rigid procurement, with some small-scale stocking. The supply and demand transmission of n-propanol was stable, and the mentality of operators was good. The overall market volatility was relatively small. As of January 5th, the domestic market price of n-propanol in Shandong region was around 7,300-7,700 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 January 5th, the overall trading atmosphere in the domestic n-propanol market had been quiet and mild, with inquiries mostly for essential orders. According to the n-propanol data analyst from SunSirs, in the short term, the domestic n-propanol market will mainly adjust its range, and the specific trend still needs to pay more attention to changes in supply and demand news.

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