According to the price monitoring data of the Business Agency, as of February 23, 2023, the price of domestic n-propanol was referenced at 8000 yuan/ton. Compared with February 3, 2023 (the reference price of n-propanol was 8066 yuan/ton), the price was reduced by 66 yuan/ton, a decrease of 0.83%.
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It can be seen from the monitoring chart of the data of the business agency that the domestic n-propanol market has been in a slight decline in the overall fluctuation since February (2.03-2.23). At the beginning of February, the recovery of downstream demand for n-propanol was relatively slow, and the price of n-propanol was lowered by Shandong large factories, which led to the weak market as a whole. In the middle of February, the market of n-propanol recovered slightly, but the downstream digested the raw materials in the early stage. The new orders on the market were light, and the demand support was weak. The overall market of n-propanol in the second half of February declined slightly. As of February 23, the market price of n-propanol in Shandong Province was around 7350-7700 yuan/ton (bulk water). The market price of n-propanol in Nanjing is around 8500-9000 yuan/ton. Dealers in different regions have reservations about the price, and the price is not easy to monitor, which may lead to differences in the specific negotiation situation. There are also differences in each region, and the negotiation is based on the actual order.
Prediction of future trend of n-propanol
At present, the downstream demand of n-propanol is still being released gradually. With the weather warming, the downstream demand of the terminal will gradually increase. The n-propanol statistician of the business agency believes that in the short term, the domestic n-propanol market will mainly be stable and small, and the specific trend needs to pay more attention to the changes in the supply and demand information.
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