According to the price monitoring data of SunSirs, as of June 9, 2023, the reference price of domestic n-propanol was 7,900 RMB/ton. Compared with June 5, 2023 (the reference price of n-propanol was 8,000 RMB/ton), the price was reduced by 100 RMB/ton, a decrease of 1.25%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (6.5-6.9), the domestic n-propanol market as a whole showed a slightly weak trend of decline. Within this week, some domestic suppliers of n-propanol in Shandong region had lowered the shipping price of n-propanol in a narrow range based on factors such as their own shipment situation, with a reduction of 100-300 RMB/ton. The overall market situation of n-propanol showed a weak downward trend. As of June 9, the shipping pace in the n-propanol market was average, and downstream continued to purchase just in needed. The market trading atmosphere was relatively light. As of June 9th, the domestic market price of n-propanol in Shandong region was around 7,300-7,800 RMB/ton, with a significant difference between high and low prices on the market. Distributors in different regions still had reservations about prices, and the difficulty in monitoring prices may 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 June 9th, the news situation in the domestic n-propanol market was relatively calm, and the trading atmosphere on the market was light. The n-propanol data analyst at SunSirs believes that in the short term, the main trend of the domestic n-propanol market was stable with small adjustments, and the specific trend still needs to pay more attention to changes in supply and demand information.
