According to the price monitoring data of the business association, as of February 28, the average reference price of the mainstream regional average price of domestic n-propanol containing packaging was around 10733 yuan / ton. Compared with the price in February and early February (reference price of 10866 yuan / ton on February 1), the average price decreased 133 yuan / ton, or 1.23%.
Weak supply and demand in early February, positive propanol market fell slightly
Since the beginning of February, affected by the downward external market of raw material ethylene, the weakening of n-propanol cost support, the stoppage of logistics before the festival and the reduction of downstream demand, the domestic industrial n-propanol market was weak and fell, and the spot suppliers reduced the ex factory price of n-propanol by 200-300 yuan / ton. Then, the market was weak and stable until before the Spring Festival, as of February 15 The factory quotation of n-propanol bulk water in Shandong Province was around 9600-10000 yuan / ton, including packaging price around 10500-11000 yuan / ton. The reference factory price of n-propanol in Nanjing is 9500-9800 yuan / ton.
After the festival, supply and demand gradually recovered, and the market of n-propanol was stable and slightly upward
During the holiday, the domestic industrial n-propanol market maintained stable operation. On the first day of construction, the market quotation of n-propanol in Nanjing and Shandong was basically the same as that before the festival. By the end of February, the market supply was normal and the downstream demand was gradually opened. The suppliers of n-propanol secondary market in Shandong Province slightly increased the ex factory price of n-propanol by 100-200 yuan / ton. As of February 28, the reference ex factory price of domestic industrial n-propanol with package was 10733 yuan / ton, which was 33 yuan / ton higher than that on February 11, and 133 yuan lower than that on February 1 /Tons, down 1.23%.
In terms of raw materials, after the Spring Festival, the external market of ethylene showed an overall upward trend. As of the 26th, the price of ethylene in Asia was USD 1047-1055 / T in Northeast Asia and USD 997-1005 / T in Southeast Asia. In the US ethylene market, FD US Gulf quoted us $1156-1168 per ton. In the European ethylene market, FD offers us $1196-1210 / T in northwest Europe, and CIF offers us $1159-1170 / T in northwest Europe. On February 28, the reference price of ethylene was 1092.50 yuan / ton, up 97 yuan / ton or 9.99% compared with February 18 (993.25 yuan / ton).
Normal start-up demand recovers, n-propanol may rise steadily in the future
At present, the production of n-propanol in Nanjing Rongxin is normal, the downstream demand has gradually returned to normal, the supply and demand is relatively stable, the continuous rise of raw materials after the festival and the follow-up of demand have a positive impact on the future trend of n-propanol. Therefore, business community propanol data analysts expect that propanol market will continue to warm up operation, the market as a whole will rise steadily.
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