Price trend
According to price monitoring data from SunSirs, as of April 21, 2023, the reference price for domestic n-propanol was 7,933 RMB/ton. Compared to April 15, 2023 (reference price for n-propanol was 7,800 RMB/ton), the price increased by 133 RMB/ton, an increase of 1.71%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (4.16-4.21), the overall market situation of n-propanol in China showed a slight and steady upward trend. At the beginning of this week, Shandong large factories raised the factory price of n-propanol, driving the overall upward movement of the n-propanol market. The confidence of the n-propanol industry on the market was boosted, and the overall focus of the market was explored. As of April 21, the market price of n-propanol in Shandong Province was around 7,400-8,000 RMB/ton. Distributors in different regions still had reservations about prices, and the difficulty in monitoring prices might lead to differences in specific negotiation situations. Each region also had differences, and actual orders were mainly negotiated.
Market outlook
As of the 21st, the trading atmosphere of n-propanol on the market was mild. The May Day holiday is approaching, and some downstream companies were starting to stock up slightly. The overall market condition was good. SunSirs’n-propanol data analyst believes that in the short term, the domestic n-propanol market will mostly operate in a stable and slightly stronger manner, and the specific trend still needs to pay more attention to changes in supply and demand news.
