According to the price monitoring data of the Business Agency, as of March 24, 2023, the reference price of domestic n-propanol was 8050 yuan/ton, which was basically the same as that of March 19, 2023.
As can be seen from the data monitoring chart of the Business Agency, this week (3.20-3.24), the overall range of the domestic n-propanol market fluctuated slightly, with little change in downstream demand and purchase, while the market news was relatively calm. In the middle of the week, some n-propanol suppliers in Shandong Province slightly adjusted their prices based on factors such as their own inventory, with an adjustment range of around 100 yuan/ton. The overall n-propanol market was mainly characterized by large stability and small fluctuations. As of March 24th, the domestic market price of n-propanol in Shandong Province is around 7500-8000 yuan/ton, and the barrel price is around 9000 yuan/ton. The market price of n-propanol in Nanjing is around 9000-9500 yuan/ton. Distributors in various regions still have reservations about prices, and the difficulty in monitoring prices may lead to differences in the specific negotiation situation. There are also differences in each region, and negotiations based on actual orders are primarily conducted.
Prediction of future trend of n-propanol
Currently, the trading atmosphere of n-propanol on the market is moderate, and the downstream demand is relatively stable. As the atmosphere picks up, the terminal downstream construction may improve, and the n-propanol industry has a generally good mentality. The business agency’s n-propanol data analyst believes that in the short term, the domestic n-propanol market is generally stable, with a slight upward movement, and the specific trend needs to pay more attention to the changes in information on the supply and demand side.
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