Price trend

According to price monitoring data from SunSirs, as of April 12, 2023, the reference price for domestic n-propanol was 7,966 RMB/ton. Compared to April 1, 2023 (reference price for n-propanol was 8,033 RMB/ton), the price was reduced by 67 RMB/ton, a decrease of 0.83%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that since April (4.1-4.12), the overall market situation of n-propanol in China had shown a slight fluctuation and downward trend. At the beginning of the month, the n-propanol market as a whole showed a downward movement, and the downstream demand side of n-propanol was averagely boosted. Some n-propanol operators had some pressure to ship, and the price of n-propanol was reduced in a narrow range. From the 10th, Shandong Dachang raised the price to drive the overall market up slightly. As of April 12, the domestic market price of n-propanol in Shandong was around 7,300-7,800 RMB/ton. The market price of n-propanol in Nanjing was around 9,000 RMB/ton. Distributors in various regions still had reservations about prices, which were difficult to monitor, leading to differences in specific negotiation situations. Each region also had differences, and actual orders were mainly negotiated.

Market outlook

As of the 12th, the overall news on the supply and demand side of n-propanol on the market was relatively calm, with a quiet trading atmosphere and a stable mentality among the operators. The data analyst of SunSirs n-propanol believes that in the short term, the domestic n-propanol market will mainly be stable with small adjustment, and the specific trend needs to pay more attention to the changes in the supply and demand side news.

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