SunSirs: In January, the Market for N-Propanol Was Sorted out

Price trend

According to price monitoring data from SunSirs, as of January 31, 2024, the domestic market price of n-propanol was referenced at 7,950 RMB/ton, which was basically the same as the price at the beginning of the month. Compared with December 13, 2023 (reference price of n-propanol was 7,850 RMB/ton), the price increased by 100 RMB/ton, an increase of 1.27%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in January, the overall market situation of domestic n-propanol remained stable and organized. Within the month, the fundamentals of the domestic n-propanol market were relatively calm, with little adjustment in the supply and demand sides. The overall production of n-propanol was normal, and the pace of supply side shipments was normal. Downstream of n-propanol stocked according to demand and quantity. The overall transmission of supply and demand in the market was stable, and there were no significant fluctuations in the market. As of January 31st, 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 led 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 31st, the overall trading atmosphere in the n-propanol market was light and mild. Some downstream factories were nearing the end of pre holiday stocking, with sporadic small orders and moderate stocking. The overall market remained relatively calm. As the Spring Festival approaching, domestic logistics were also gradually shutting down. SunSirs' n-propanol data analyst believes that in the short term, the domestic n-propanol market will mainly continue to operate steadily, and the specific trend still needs to pay more attention to changes in supply and demand news.

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