According to the price monitoring data of business agency, as of October 12, the average reference price of domestic n-propanol was 7600 yuan / ton. Compared with the price on October 1 (the reference average price of n-propanol was 7733 yuan / ton), the average price was reduced by 133 yuan / ton, a decrease of 1.72%.

In November, during the national day, the domestic n-propanol market was calm, the downstream purchase basically ended before the festival, and the market trading was cold during the holiday. After the festival, the domestic n-propanol market was weak as a whole, and the prices of n-propanol factories in Shandong were adjusted slightly downward. Under the guidance of the energy-saving dual control policy in September, the downstream construction decreased, the recovery after the festival was slow, the demand side performance was still weak, and the support given by the demand side was obviously insufficient. The overall weak stable operation of domestic n-propanol after the National Day was dominated, N-propanol dealers adjust prices according to their own inventory range, which has little impact on market fundamentals. At present, as of October 12, the ex factory price of n-propanol in Shandong is around 7000-7300 yuan / ton, and that in Nanjing is around 8300-8500 yuan / ton.

In terms of upstream ethylene, after the national day, the overall external ethylene market showed an upward trend. The price rise in the Asian ethylene market was temporarily stable. As of the 11th, CFR Northeast Asia closed at US $1146-1156 / T and CFR Southeast Asia closed at US $1061-1071 / T. European ethylene market prices rose slightly. As of the 11th, FD northwest Europe closed at US $1211-1221 / ton and CIF northwest Europe closed at US $1128-1136 / ton. Ethylene analysts of the chemical branch of business society believe that the rise of international oil prices and the continuous rebound of oil prices are mainly affected by the recovery of global demand, superimposed on the shortage of electricity and natural gas in major economies, driving the rise of oil prices. Cost support is conducive to the rise of ethylene market, so the data analysts of business society expect the external price of ethylene to rise next.

Internationally, on October 11, the international oil price rose. The settlement price of the main contract of WTI crude oil futures in the United States was US $80.52/barrel, an increase of US $1.17 or 1.47%, and the settlement price of Brent crude oil futures was US $83.65/barrel, an increase of US $1.26 or 1.53%. Oil prices continued to rebound, mainly affected by the recovery of global demand, superimposed on the shortage of power and natural gas in major economies, driving oil prices upward.

Forecast of future trend of n-propanol

At present, the price of upstream ethylene products is high and the cost support is relatively strong, but the downstream demand of domestic n-propanol is general. Therefore, the analysts of business agency n-propanol believe that the domestic n-propanol market will be adjusted and operated in a stable and narrow range in the short term, and the specific trend needs to pay more attention to the changes of supply and demand news.