According to the price monitoring data of business society, as of September 15, the average reference price of domestic n-propanol was 8083 yuan / ton. Compared with the price on September 10 (the reference average price of n-propanol was 8033 yuan / ton), the average price increased by 80 yuan / ton, an increase of 0.62%. Compared with the price on September 5 (the reference average price of n-propanol was 7750 yuan / ton), the average price increased by 333 yuan / ton, an increase of 4.30%.
In the first ten days of September, the domestic n-propanol market rose steadily. This week, the domestic n-propanol market trend fluctuated and adjusted slightly. On the 14th, the ex factory price of n-propanol of large manufacturers in Shandong was 7900 yuan / ton, a slight increase of 50 yuan / ton compared with last weekend. The slight upward price had little impact on n-propanol holders. The reference price of n-propanol market in Shandong was around 7800-8000 yuan / ton. On the 15th, Shandong large factory recalled the ex factory price of n-propanol to 7850 yuan / ton, and the overall market fluctuated slightly. Nanjing Rongxin Chemical Co., Ltd., an important domestic n-propanol production enterprise in Jiangsu, currently operates normally. The ex factory quotation of n-propanol refers to 8500 yuan / ton, and the price is the same as that at the beginning of the month. At present, as of the 15th, the domestic market demand for n-propanol is mostly just for procurement, and the market trading atmosphere is normal.
Due to the different actual development of chemical industry in various countries, there are great differences in the application of n-propanol. In China, n-Propyl Acetate is the largest consumption field of n-propanol, and the market demand accounts for about 65%. At present, the overall n-Propyl Acetate Market in Shandong is adjusted and operated in a narrow range, and the quotation of n-Propyl Acetate Market in Shandong is around 9000-9500 yuan / ton.
In terms of upstream ethylene, the external market of ethylene has shown an overall upward trend recently. On September 14, FD American Bay quoted us $773-790 / ton in the US ethylene market. Recently, the US ethylene market has been stable and the demand is general. On September 14, according to the European ethylene market, FD northwest Europe quoted us $1225-1235 / ton and CIF northwest Europe quoted us $1168-1175 / ton, up US $1 / ton. On September 14, according to the Asian ethylene market, CFR Northeast Asia quoted us $1086-1096 / ton and CFR Southeast Asia quoted us $1041-1051 / ton.
Internationally, on September 14, the international oil price was basically flat. On the last trading day, the settlement price of the main contract of WTI crude oil futures in the United States was US $70.46/barrel, up US $0.01, and the settlement price of the main contract of Brent crude oil futures was US $73.60/barrel, up US $0.09.
Forecast of future trend of n-propanol
At present, the overall performance of the domestic n-propanol market is normal. The downstream just needs to purchase, and it is close to the double festival. The market demand may increase in stages before the festival. Therefore, the analysts of business agency n-propanol believe that in the short term, the domestic n-propanol market will operate stably and strongly, and more attention needs to be paid to the specific changes in supply and demand.
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