SunSirs: At the Beginning of December, the N-propanol Market Declined Slightly (December 1-5)

Price trend

According to the price monitoring data of SunSirs, as of December 5, 2022, the reference price of domestic n-propanol was 8,550 RMB/ton, which was 66 RMB/ton lower than that of December 1 (8,616 RMB/ton), a drop of 0.77%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that the domestic n-propanol market fell slightly in early December (12.01-12.05). Recently, the shipping price of n-propanol of large manufacturers in Shandong decreased slightly, driving the overall market focus downward. In terms of cost, in December, the cost support for n-propanol was loose due to the downward trend of raw material market. In terms of demand, the downstream demand of n-propanol was mainly the purchase of rigid demand, and the overall support of the demand side was general. On December 5, the market price of n-propanol in Shandong Province was around 8,100-8,550 RMB/ton. The market reference price of barreled n-propanol was around 9,100-9,500 RMB/ton. Distributors in different regions had reservations about the price. The price was difficult to monitor, which might lead to differences in the specific prices of negotiations. There were also differences in each region, and the actual order was mainly through negotiation.

Market outlook

As of December 5, many regions across the country had received good macro news. The market circulation in many regions was much better than that in the early stage, and the mentality of the operators had changed. Although the n-propanol market is commonly supported by the supply and demand side, the n-propanol mathematician of SunSirs believes that, in the good atmosphere of the general environment, in the short term, the domestic n-propanol market can mostly adjust and operate in a narrow range, and the risk of a sharp decline in the market is small. The specific trend needs to pay more attention to the information changes on the supply and demand side.

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