SunSirs: After the Holiday, the Domestic Market for N-propanol Had Remained Stable and Organized
May 11 2024 13:24:30 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of May 10, 2024, the reference price of domestic n-propanol market was 7,866 RMB/ton, which was basically unchanged compared to May 1. Compared with April 1 (reference price of n-propanol was 7,916 RMB/ton), the price decreased by 50 RMB/ton, a decrease of 0.63%.
Analysis review
From the analysis system of the commodity market of the SunSirs, it can be seen that with the return of May Day Labor Day, the overall domestic n-propanol market had shown stable consolidation and operation. After the holiday, the news on the domestic n-propanol market remained relatively calm, and there was not much adjustment in the supply and demand of n-propanol in the market. The stable quotation of n-propanol by Shandong large factories injected confidence in the overall market price stability. Downstream users of n-propanol mainly purchased on demand, and the on-site trading atmosphere was quiet and mild. As of May 10th, the domestic market price of n-propanol in Shandong region was around 7,300-8,000 RMB/ton, and the market price of n-propanol in Nanjing region was around 8,400-8,700 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 May 10th, the inquiry atmosphere on the n-propanol market was mild and light, and overall transactions on the market were limited. However, the mentality of the n-propanol industry was still good. With the arrival of summer, the downstream terminal market of n-propanol was gradually entering a peak demand season, and the procurement of upstream raw materials is expected to increase. According to the data analyst from SunSirs, in the short term, the domestic market for n-propanol will mainly operate with major stability and minor adjustments, and the specific trend still needs to pay more attention to changes in supply and demand news.
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