SunSirs: Recently, the Domestic N-propanol Market Had Been Consolidating (May 9-13)
May 16 2024 10:54:54 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of May 13, 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 commodity market analysis system of SunSirs, it can be seen that in the recent period (5.9-5.13), the domestic n-propanol market had remained stable and consolidated, with limited fluctuations in the n-propanol market. The fundamentals of n-propanol remained calm, with stable production on the supply side, normal shipments from large factories in Shandong, and stable prices. The normal operation of the n-propanol plant in Nanjing was normal, and n-propanol was mainly used for self use, and external quotations remained stable. As of May 13th, the overall supply and demand transmission in the n-propanol market was normal, and downstream purchases were made on demand. As of May 13th, 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 8,500-8,800 RMB/ton, and specific orders needed to be negotiated based on actual transactions.
Market outlook
As of May 13th, the trading atmosphere in the domestic n-propanol market was mild, and downstream inquiries were made on demand. The mentality of the operators was stable. The n-propanol data analyst from SunSirs believes that in the short term, the domestic n-propanol market will mainly operate with large stability and small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.
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