Price trend

According to price monitoring data from SunSirs, as of February 5, 2024, the reference price for domestic n-propanol market was 7,916 RMB/ton. Compared with February 1, the price decreased by 34 RMB/ton, a decrease of 0.42%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in February, the overall market situation of domestic n-propanol remained stable with a slight weakness. As the Spring Festival approachING, logistics in many regions in China started to stop shipping and operations, and downstream pre holiday stocking of n-propanol was also approaching its end. The overall market performance was relatively calm, with a small number of businesses reducing the price of n-propanol narrowly based on their own shipments and inventory situation, with a reduction of about 30-50 RMB/ton. As of February 5th, the domestic market price of n-propanol in Shandong region was around 7,400-7,800 RMB/ton. The market price of n-propanol in the Nanjing area was around 8,500-9,000 RMB/ton. Dealers 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 actual orders were mainly based on negotiations.

Market outlook

As of February 5th, the overall trading atmosphere in the n-propanol market had been quiet, with a calm mindset among industry players and relatively small fluctuations in the market. The n-propanol data analyst at SunSirs believes that in the short term, the domestic n-propanol market will mainly be stable, and the specific trend still needs to pay more attention to changes in supply and demand news.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.