SunSirs: The Market of N-propanol Ran in Shock in October (10.1-10.27)

Price trend

According to the price monitoring data of SunSirs, as of October 27, 2022, the reference average price of domestic n-propanol was 8,300 RMB/ton, which was basically the same as that of October 1 (8,300 RMB/ton).

Analysis review

It can be seen from the data monitoring chart of SunSirs that since October (10.1-10.27), the domestic n-propanol market as a whole was running up first and then down. In early October, after the National Day holiday, the domestic n-propanol market moved up as a whole. The inventory of n-propanol in the market was controllable. The increase in the ex factory price of n-propanol by a large factory in Shandong drove the overall market upward. As of October 14, the market price of n-propanol in Shandong Province in China was around 8,200-8,900 RMB/ton. Compared with that before the festival, the price was about 300-700 RMB/ton higher.

In late October, the n-propanol market as a whole fluctuated at a high level and fell back. Due to the impact of special period, the logistics in some regions was limited, the operating rate of downstream plants was low, the downstream demand for n-propanol was general, and the atmosphere of trading and investment in the market was light. Since the 16th, the price of n-propanol market fluctuated downward. As of the 27th, the market price of n-propanol in Shandong Province in China referred to 7,900-8,300 RMB/ton. Distributors in different regions had reservations about the price, and each region also had its own differences. The actual order was mainly negotiated, and pay attention to the change of raw material price and shipment in the future.

Market outlook

At present, the trading and investment atmosphere of n-propanol in the market is light, and the downstream demand support is general. According to the n-propanol data engineer of SunSirs, in the short term, the domestic n-propanol market is likely to be dominated by interval adjustment, and the specific trend needs to pay more attention to the changes in the information on the supply and demand side.

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