SunSirs: This Week, the N-propanol Market Was Consolidating (May 13-17)
May 21 2024 11:27:59 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of May 17, 2024, the reference price of domestic n-propanol market was 7,866 RMB/ton, which was basically unchanged compared to May 13. 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 this week (5.13-5.17), the domestic n-propanol market continued to maintain a consolidation operation. During the week, the supply and demand of n-propanol remained calm, and the market for n-propanol on the supply side remained stable. Downstream demand continued to be dominated by rigid demand procurement, and the demand side also performed steadily. The supply and demand transmission was normal, and there was no significant fluctuation in the n-propanol market. As of May 17th, 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 8,500-8,700 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 based on negotiations.
Market outlook
As of May 17th, the trading atmosphere in the n-propanol market was light and mild, and the mentality of the operators was normal. Downstream new orders were mainly based on demand. 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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