SunSirs: Since May, the N-propanol Market Had Remained Stable with a Slight Decline
May 28 2024 15:01:16 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of May 24, 2024, the reference price for domestic n-propanol market was 7,833 RMB/ton. Compared with May 1 (reference price for n-propanol was 7,866 RMB/ton), the price decreased by 33 RMB/ton, a decrease of 0.42%.
Analysis review
From the commodity market analysis system of SunSirs, it can be seen that from May to May 24th (5.1-5.24), the overall stability of the domestic n-propanol market had slightly weakened. After Labor Day at the beginning of the month, the domestic market for n-propanol remained stable and organized, with calm news on the n-propanol market and little overall change in supply and demand. Towards the end of the month, the n-propanol market slightly adjusted its operation, with some suppliers reducing the market price of n-propanol narrowly by 50 RMB/ton. As of May 24th, the supply side of n-propanol in the plant was operating steadily, and downstream demand continued to be mainly based on essential procurement. As of May 24th, 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 mainly based on negotiations.
Market outlook
As of May 24th, the atmosphere of discussions in the n-propanol market was mild, and the mentality of the operators was still acceptable. Downstream demand and sales were still mainly based on just in need stocking and procurement. The n-propanol data analyst from SunSirs believes that in the short term, the domestic n-propanol market will mostly operate steadily, and the specific trend still needs to pay more attention to changes in supply and demand news.
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