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SunSirs: In March, the Market for N-propanol Experienced a Slight Fluctuation

April 03 2024 14:25:59     SunSirs (John)

Price trend

According to price monitoring data from SunSirs, as of March 31, 2024, the reference price for domestic n-propanol market was 7,916 RMB/ton, which was basically unchanged compared to early March.

Analysis review

From the data monitoring chart of the SunSirs, it can be seen that in early March, the overall domestic n-propanol market remained stable and organized. The trading atmosphere in the n-propanol field was mild, and downstream demand was mainly for rigid procurement. The overall supply and demand side of the n-propanol field had not changed much, and the mentality of the operators was normal. The n-propanol market was operating steadily with limited fluctuations.

In late March, the domestic market for n-propanol experienced slight fluctuations. On the 20th, some n-propanol manufacturers narrowed their prices by 50-100 RMB/ton based on their own inventory and supply situation. Subsequently, the market continued to consolidate. Towards the end of the month, Shandong large factories raised the price of n-propanol narrowly, driving the overall market trend to move up from a low level. As of March 31st, the domestic market price of n-propanol in Shandong region was around 7,150-7,600 RMB/ton. The market price of n-propanol in the Nanjing area was around 8,500-9,000 RMB/ton. 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 was mainly based on negotiation.

Market outlook

As of March 31st, the inquiry atmosphere in the n-propanol market was mild, and the transmission between the supply and demand of n-propanol was normal. The production of n-propanol was stable, and downstream demand continued to be mainly fresh. The n-propanol data analyst from SunSirs believes that in the short term, the domestic n-propanol market will mainly be stable with small fluctuations, and specific attention should be paid to changes in supply and demand news.

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