SunSirs: This Week, the N-Propanol Market Was Stable and Consolidated (January 6-11)

Price trend

According to price monitoring data from SunSirs, as of January 11, 2024, the reference price for domestic n-propanol market was 7,950 RMB/ton, which was basically the same as January 6, 2024. Compared with December 13, 2023 (reference price for n-propanol was 7,850 RMB/ton), the price increased by 100 RMB/ton, an increase of 1.27%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that this week (1.6-1.11), the overall market situation of domestic n-propanol remained stable and consolidated. This week, the supply and demand news of the domestic n-propanol market remained calm, with no significant market fluctuations. The production of n-propanol on-site facilities was normal, and downstream demand continued to be mainly based on rigid procurement and stocking. The transmission between supply and demand was normal, and the mentality of n-propanol operators was mild. As of January 11th, the domestic market price of n-propanol in Shandong region was around 7,400-7,800 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 might lead to differences in specific negotiation situations. Each region also had differences, and the actual order is mainly based on negotiation.

Market outlook

As of January 11th, the overall inquiry atmosphere in the domestic n-propanol market was quiet and mild. Downstream new orders were mainly in demand, with some small-scale stocking. The mentality of n-propanol operators was normal. SunSirs’ n-propanol data analysts believe that in the short term, the domestic n-propanol market is mainly adjusted in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.

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