According to the price monitoring data of business agency, as of December 10, the reference average price of domestic n-propanol including packaging in mainstream areas was 11800 yuan / ton, which was increased by 466 yuan / ton, or 4.12%, compared with the average price of 11333 yuan / ton on December 1.
In the first ten days of December, the domestic n-propanol market rose twice, up 4.12%
Since the beginning of December, the overall market of n-propanol in China has been on the rise, mainly due to two reasons. In terms of raw materials, the ethylene external market continues to be at a high level, which supports the cost of n-propanol. In terms of supply, the overall inventory of n-propanol factory is low, and the spot is not much. The factory supplies more cooperative contract users. The factory spot is tight, and the on-site spot stock is basically in the secondary market. Therefore, on December 2, some n-propanol holders in Shandong Province began to increase the ex factory quotation of n-propanol by 300-500 yuan / T, and then the overall high level of the market remained stable. Entering this week, on December 8, the suppliers of n-propanol in Jinan, Shandong province raised the ex factory price of n-propanol again by 200-300 yuan / T, and the market of n-propanol in Nanjing was stable.
At present, in Shandong Province, the reference ex factory price of n-propanol bulk water is 10800-11000 yuan / ton, including package, the factory price reference is 11600-12000 yuan / ton. The ex factory price of n-propanol bulk water of Shandong fengcang Chemical Co., Ltd. is 10900 yuan / T. Nanjing: the ex factory price of n-propanol (bulk water) is around 10500-10800 yuan tons. Domestic Nanjing Rongxin Chemical Co., Ltd. (Nanjing Wujiang Chemical Co., Ltd.), n-propanol production unit started normal, normal shipment, n-propanol bulk water ex factory quotation of 10500 yuan / T, the price is temporarily stable. As of December 10, the reference average price of domestic n-propanol including packaging in mainstream areas was 11800 yuan / ton, which was increased by 466 yuan / ton or 4.12% compared with the average price of 11333 yuan / ton on December 1.
In terms of raw materials, since December, the external market of ethylene has been in a dominant position as a whole. In the past two days, the market has declined slightly, but the overall level is still high. According to the monitoring data of the business agency, the external price of ethylene has fallen in recent days. On December 7, the price was 942.50 US dollars / ton. On the 8th, the average price of ethylene was 941.50 US dollars / ton, down 0.11%. The current price is up 31.49% month on month, and the current price is 17.98% higher than last year. In the near future, the overall market of ethylene in the external market shows a downward trend. On December 9, the price of ethylene market in Europe was 927-942 US dollars / ton in FD northwest Europe and 934-946 dollars / ton in CIF northwest Europe, down by 1 dollar / ton. On December 9, in Asian ethylene market, CFR Northeast Asia quoted 965-975 dollars / ton, down 5 dollars / ton, and CFR Southeast Asia quoted 895-905 dollars / ton, down 5 dollars / ton. In recent years, the Asian ethylene price mainly fluctuates slightly. On December 9, in the US ethylene market, FD US Gulf quoted 683-694 US dollars / ton, up 33 US dollars / ton. Recently, the US ethylene market has risen and the demand is fair.
In terms of crude oil, on December 9, the U.S. WTI crude oil futures market prices fell slightly, with the settlement price of main contracts at $45.52/barrel, down $0.08. Brent crude oil futures market prices rose slightly, with the settlement price of main contracts at $48.86/barrel, up $0.02. Affected by the price of upstream crude oil, ethylene market may fall mainly in the later period.
Demand may increase n-propanol short-term multi high firm operation
Near the end of the year, before the new year’s Day holiday, downstream stocks have been opened one after another, and the demand for n-propanol market may increase. Therefore, the n-propanol datagrapher of the business club believes that in the short term, the n-propanol market will mainly run at a high level.
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