According to price monitoring data from Business Society, as of August 29, 2023, the reference price for domestic n-propanol was 7966 yuan/ton. Compared with August 1, 2023 (reference price for n-propanol was 7733 yuan/ton), the price increased by 233 yuan/ton, an increase of 3.02%.

From the data monitoring chart of the Business Society, it can be seen that since August (8.1-8.29), the overall market situation of n-propanol in China has shown a fluctuating and upward trend. In early August, the n-propanol market as a whole fell first and then rose. At the beginning of the month, some n-propanol suppliers in Shandong slightly lowered the price of n-propanol based on their own inventory and shipping situation, with a reduction of around 100 yuan/ton. Subsequently, with stable downstream demand support, the n-propanol market began to steadily rise and operate. As of August 15th, the market price of n-propanol in Shandong region was around 7100-7600 yuan/ton.

In late August, the supply and demand side of the n-propanol market conducted normally, and the support provided by the supply and demand side to the market was relatively stable. The focus of the n-propanol market in Shandong region continued to move towards the high-end. As of August 29, the domestic market price of n-propanol in Shandong region was around 7400-8000 yuan/ton. The market for n-propanol in Nanjing is relatively stable, and the market price for n-propanol is around 9000 yuan/ton. Distributors in different regions still have reservations about prices, and the difficulty in monitoring prices may lead to differences in specific negotiation situations. Each region also has differences, and actual negotiations are the main focus. Up and running, as of August 15th, the market price of n-propanol in Shandong region is around 7100-7600 yuan/ton.

Prediction of the Future Market Trend of n-propanol

At present, the trading atmosphere of n-propanol on the market is mild, and there is not much adjustment in the supply and demand side. Downstream demand continues to be just needed to replenish and purchase goods, and supply side inventory is normal. Business Society’s n-propanol data analyst predicts that in the short term, the domestic n-propanol market will be mainly stable with minor fluctuations, and the specific trend still needs to pay more attention to changes in the supply and demand side news.