According to the price monitoring data of business agency, as of May 11, 2022, the average reference price of domestic n-propanol was 8983 yuan / ton. Compared with May 1 (the average reference price of n-propanol was 8300 yuan / ton), the average price increased by 683 yuan / ton, or 8.23%.

It can be seen from the data monitoring chart of business society that during the May Day holiday, the domestic n-propanol market operated smoothly. After the holiday, the n-propanol market ushered in a rising operation. On June and July, the domestic n-propanol market price increased by a wide range of 500-1000 yuan / ton, and the post Festival procurement performance of the downstream demand side was OK. On August and September, the n-propanol market continued to operate slightly upward as a whole. The high price of n-propanol market in Shandong broke through 8800 yuan / ton, and there was a large difference between high and low prices. As of November 11, The domestic market price in Shandong is around 8000-8800 yuan / ton, the domestic n-propanol market in Nanjing operates stably, the n-propanol device operates normally, and the market price of n-propanol is around 9500 yuan / ton. At present, the trading atmosphere of n-propanol market is mild, and the downstream demand is relatively stable. Local dealers still have reservations about the price, and the price is not easy to monitor, which may lead to differences in the specific negotiation situation. Each region also has differences. It is mainly based on actual single negotiation, and we will wait and see the change of raw material price and shipment in the future.

In terms of upstream ethylene, the external ethylene market fell as a whole. Ethylene prices in Asia fell. As of the 9th, CFR Northeast Asia closed at US $1186-1196 / ton and CFR Southeast Asia closed at US $1236-1246 / ton. European ethylene market fell. As of the 9th, FD northwest Europe closed at US $181756-1765 / ton and CIF northwest Europe closed at US $1424-1432 / ton. Ethylene analyst of chemical branch of business agency believes that international crude oil futures fell sharply. The continuous sharp decline of the stock market has affected the market mentality, and the epidemic prevention measures in Asia have exacerbated the market’s concern about the demand prospect; In addition, the oil giant Saudi Arabia lowered the official price of crude oil in Asia and Europe in June, putting short-term pressure on oil prices. The cost support is poor, so the data analysts of business society expect the external price of ethylene to fall mainly next.

Forecast of future trend of n-propanol

At present, the supply-demand transmission of n-propanol market is normal, the downstream purchases on demand, and the on-site support is OK. The analysts of business agency n-propanol believe that in the short term, the domestic n-propanol market is mainly adjusted and operated in a large stable and small dynamic range, and more attention needs to be paid to the specific changes of supply-demand.