Price trend
According to the price monitoring data of SunSirs, as of October 13, 2023, the price of domestic n-propanol was referenced at 8,000 RMB/ton. Compared with October 1, 2023 (n-propanol price reference 8,016 RMB/ton), the price was increased by 16 RMB/ton.
Analysis review
Looking back at September, the overall market situation of n-propanol in China fluctuated and declined. In the early stages of the Double Festival, the downstream stock of n-propanol was average, and the market situation was weak and declining. Returning from the National Day holiday, the news of n-propanol was relatively calm, with little market volatility and a quiet trading atmosphere on the market. On October 12th, the center of the n-propanol market slightly increased. Some large n-propanol factories and suppliers in Shandong Province raised the price of n-propanol narrowly, with an increase of about 50-100 RMB/ton, driving the overall market trend upward. As of October 13th, the price difference between high and low prices on the n-propanol market had narrowed. As of October 13th, the domestic market price of n-propanol in Shandong region was based on around 7,400-8,000 RMB/ton. The market for n-propanol in Nanjing was relatively stable, and the market price for n-propanol was around 9,000 RMB/ton. 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 price is mainly negotiated.
Market outlook
As of October 13th, the overall trading atmosphere in the n-propanol market was mild, and downstream markets purchased mainly on demand. SunSirs's n-propanol data analyst predicts that in the short term, the domestic n-propanol market will mainly adjust and operate in a range, and the specific trend needs to pay more attention to changes in supply and demand news.
