According to price monitoring data from Business Society, as of December 18, 2023, the domestic market price of n-propanol was referenced at 7850 yuan/ton. Compared with December 12, 2023 (reference price of n-propanol was 7883 yuan/ton), the price was reduced by 33 yuan/ton. Compared with November 1, 2023 (reference price of n-propanol was 7766 yuan/ton), the price was increased by 34 yuan/ton, an increase of 1.07%.
From the monitoring chart of Business Society data, it can be seen that in the recent period (12.12-12.18), the overall market situation of domestic n-propanol has shown a slight decline. In early December, the domestic n-propanol market remained stable and the fundamentals within the n-propanol market were relatively calm. Until mid December, some n-propanol factories and operators in Shandong region narrowly lowered the price of n-propanol by about 50-100 yuan/ton, driving a slight decline in the overall n-propanol market. The supply and demand side of n-propanol was relatively stable, and the market did not continue to decline. After a slight decline, the overall market remained stable. As of December 18th, the domestic market price in Shandong region is around 7000-7800 yuan/ton. The normal operation of the n-propanol plant in the Nanjing area, and the overall stable operation of the n-propanol market, with a reference price of around 8500-9000 yuan/ton for the n-propanol market. Dealers in different regions still have reservations about prices, and the difficulty in monitoring prices may lead to differences in specific negotiation situations. Each region also has differences, and actual negotiations are the main focus.
Prediction of future market trends of n-propanol
At present, the overall trading atmosphere in the domestic n-propanol market is mild, and the supply side is stable. Downstream demand orders are mainly based on rigid procurement. Business Society’s n-propanol data analyst predicts that in the short term, the domestic n-propanol market will mainly operate with large stability and small fluctuations. The specific trend still needs to pay more attention to changes in supply and demand news.
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