According to the price monitoring data of business agency, as of January 26, the average reference price of domestic n-propanol was 8100 yuan / ton. Compared with the price on January 1 (the reference average price of n-propanol was 8883 yuan / ton), the average price was reduced by 783 yuan / ton, a decrease of 8.82%.

In early January, after the new year’s Day holiday, the domestic n-propanol market temporarily operated stably. After the n-propanol unit of a large factory in Shandong was put into operation, the tension on the supply side in the field was relieved, the supply in the field increased, and the downstream demand performance was average. From the 7th, the domestic n-propanol market started to decline, and the demand side before the holiday was not boosted well, Suppliers of n-propanol in Shandong Province have successively reduced the ex factory price of n-propanol. As of January 15, the ex factory price of domestic n-propanol is around 7400-8000 yuan / ton, with a cumulative reduction range of 500-700 yuan / ton in half a month.

In late January, the domestic n-propanol market continued to decline. Some suppliers of n-propanol in Shandong continued to reduce the ex factory price of n-propanol by 100-200 yuan / ton. As of January 19, the ex factory price of n-propanol in Shandong was around 7400-7800 yuan / ton, and the quotation including package was around 8700-9000 yuan / ton. Near the end of the month, the domestic n-propanol market stopped falling and stabilized, and it was weak. At present, as of the 26th, the ex factory price of domestic n-propanol is around 7400-9500 yuan / ton. The market of n-propanol in Nanjing is running stably for the time being. The ex factory price of n-propanol is around 9000-9500 yuan / ton. Local dealers still have reservations about the price, and the price is not easy to monitor, which may lead to differences in specific negotiations. There are also differences in each region. It is mainly based on actual negotiation, and we will see the change of raw material price and shipment in the future.

In terms of upstream ethylene, the external market of ethylene fluctuated frequently in January. As of January 26, the reference price of ethylene was 1262 yuan / ton, down 1.35% from January 1 (1245.25 yuan / ton).

Forecast of future trend of n-propanol

Approaching the Spring Festival, the downstream demand of domestic n-propanol is cautious and the preparation of goods is basically over. The analysts of business agency n-propanol believe that in the short term, the domestic n-propanol market will be stable and run, and the fluctuation of the market before the festival is limited. The specific trend needs to pay more attention to the follow-up of downstream demand.