Price trend

According to the price monitoring data of SunSirs, as of October 11, 2022, the average reference average price of domestic n-propanol was 8,733 RMB/ton. Compared with the price on September 30 (8,400 RMB/ton), the price increased by 333 RMB/ton, or 3.97%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that in October, during the National Day holiday, the domestic n-propanol market was stable with slightly volatile. Some suppliers adjusted their prices slightly according to their own inventory, and the market was operating in shock with a small amplitude.

After the festival, the domestic n-propanol market was running upward as a whole. A large factory in Shandong raised the ex factory price of n-propanol, driving the overall market upward. As of October 11, the domestic market price of n-propanol in Shandong was around 8,200-8,700 RMB/ton, which was about 200-500 RMB/ton higher than that before the festival. In Nanjing, the market price of n-propanol was around 8300-9000 RMB/ton, which was relatively stable compared with that before the festival. The dealers in various regions had reservations about the price, which was not easy to monitor. As a result, the specific negotiation might be different, and each region also had differences. The actual order was mainly based on negotiation. In the future, please wait and see the price change and shipment of raw materials.

Market outlook

On the 11th, the market price of n-propanol was at a high level as a whole. The downstream wait-and-see mood was rising gradually, and the overall demand side was relatively calm. The rising momentum of the n-propanol market might be insufficient. According to the n-propanol data engineer of SunSirs, in the short term, the domestic n-propanol market will mainly operate with interval shocks, and the specific trend needs to pay more attention to the information changes on the supply and demand side.

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