According to the price monitoring data of the business community, as of January 20, the average reference price of domestic n-propanol containing packaging in mainstream regions was around 11600 yuan / ton, which was basically the same as that on January 13, 2020; compared with that on January 1, 2020, the average price was reduced by 200 yuan / ton, a decrease of 1.69%.
After a slight boost in the domestic n-propanol market on the 11th, the market of n-propanol remained stable and weak this week, and the offer prices of n-propanol plants in Shandong and Nanjing remained basically stable. Shandong region: the ex factory quotation of n-propanol is 10500-10800 yuan / ton (loose water), including packaging, and the price is 11300-11700 yuan / ton (including packaging), which is basically the same as the price a week ago. Nanjing area: some n-propanol manufacturers in Nanjing maintained a stable report. Some factories reduced the ex factory price of n-propanol apron by 200 yuan / T. the ex factory price of n-propanol apron is 10300-10800 yuan / T. among them, a n-propanol manufacturer in Nanjing has normal operation and limited inventory. The reference quotation of n-propanol apron including tax is around 10500 yuan / T.
On the supply side, the overall inventory of n-propanol domestic factories is low, most of them are direct supply contract users, some of them are in the secondary market, so the sales pressure is small. On the demand side, the downstream users’ demand is general, mainly purchasing on demand, and the pre holiday replenishment has not appeared yet, with few new orders.
In terms of raw materials, the overall external market of ethylene has shown a downward trend recently. On January 11, the price was $1086.75/ton, while on January 18, the average price of ethylene was $1059.75/ton, down 2.48%. The current price has increased by 8.09% month on month, and the current price has increased by 28.11% year on year. Asian ethylene market prices fell slightly. As of the 18th, CFR Northeast Asia closed at US $1040-1050 / T, and CFR Southeast Asia closed at US $980-990 / T. The price of ethylene market in Europe fell. As of the 18th, FD northwest Europe quoted 1092-1103 US dollars / ton, down 2 US dollars / ton, CIF northwest Europe quoted 1099-1108 US dollars / ton, down 5 US dollars / ton. The price of ethylene in the U.S. fell. As of the 18th, the last trading day, the price of FD US Gulf was 914-926 US dollars / ton. Recently, the market of ethylene in the U.S. fell and the demand was general.
Supply and demand are both weak and n-propanol will continue to be weak and stable in the future
At present, the overall performance of the domestic n-propanol market is weak in both supply and demand. Therefore, the n-propanol data division of the business society believes that the domestic n-propanol market will continue to be weak and stable in the short term, and more attention should be paid to the price trend of raw material cost and market demand in the future.
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