Price trend

According to price monitoring data from SunSirs, as of March 26, 2024, the domestic market price of n-propanol was referenced at 7,900 RMB/ton. Compared with March 20 (reference price of n-propanol was 7,916 RMB/ton), the price was reduced by 16 RMB/ton, a decrease of 0.21%.

Analysis review

Recently (3.20-3.26), the domestic n-propanol market had been consolidating after a slight decline. Early spring had arrived, and the overall trading atmosphere in the domestic n-propanol market had been relatively light. Downstream demand had been boosted relatively slowly, and the overall supply and demand transmission of n-propanol was average. The overall wait-and-see sentiment in the market was strong. Some n-propanol operators in Shandong region had narrowly lowered the price of n-propanol based on their own inventory and other factors, with a downward adjustment of about 100 RMB/ton. Subsequently, the market had been weak and consolidating. As of March 26th, the domestic market price of n-propanol in Shandong region was around 7,200-7,600 RMB/ton, with a relatively high price of around 7,700-7,800 RMB/ton. The domestic market price of n-propanol in Nanjing region was around 8,500-9,000 RMB/ton, and specific orders needed to be negotiated based on actual transactions.

Market outlook

As of March 26th, the overall trading atmosphere in the n-propanol market was mainly quiet. Downstream procurement of n-propanol was mainly focused on essential needs, while downstream stocking was generally cautious. SunSirs’ n-propanol data analysts believe that in the short term, the domestic n-propanol market will mainly adjust within a narrow range, 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.