SunSirs: At the End of the Month, the N-propanol Market Slightly Rebounded
March 29 2024 11:05:34 SunSirs (John)
Price trend
According to price monitoring data from SunSirs, as of March 27, 2024, the reference price for domestic n-propanol market was 7,916 RMB/ton. Compared with March 24, the price increased by 16.7 RMB/ton, an increase of 0.21%.
Analysis review
From the data monitoring chart of the SunSirs, it can be seen that in the late March stage, the overall market situation of domestic n-propanol has experienced a slight recovery. On the 27th, Shandong large factories narrowly increased the shipping price of n-propanol by 50 RMB/ton. The price adjustment of large factories drove the overall low price of n-propanol market up, and some n-propanol suppliers also followed in the footsteps of large factories and narrowly increased the price of n-propanol, resulting in a slight increase in the overall market focus. As of March 27th, the domestic market price of n-propanol in Shandong region was around 7,200-7,600 RMB/ton, with a relatively high price of around 7,700-7,800 RMB/ton. The domestic market price of n-propanol in Nanjing region was around 8,500-9,000 RMB/ton, and specific orders need to be negotiated based on actual transactions.
Market outlook
As of March 27th, the overall shipment rhythm of n-propanol was still good, with downstream continuing to focus on essential procurement. After major factories adjusted prices, they gave the market some confidence. As of March 27th, the mentality of n-propanol operators had improved, and the overall wait-and-see sentiment on the market had decreased. SunSirs' n-propanol data analyst believes that in the short term, the domestic n-propanol market will mainly operate with large stability and small fluctuations, and specific information on supply and demand needs to be paid attention to.
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- 2024-04-03 SunSirs: In March, the Market for N-propanol Experienced a Slight Fluctuation
- 2024-03-28 SunSirs: Recently, the N-propanol Market Had Been Consolidating after a Slight Decline (March 20-26)
- 2024-03-08 SunSirs: Entering March, the N-propanol Market Remains Stable and Consolidating
