According to the monitoring of the business community, the domestic BDO market fell first and then rose in December, recovering somewhat. From December 1 to 29, the average price of domestic BDO manufacturers rose from 9716 yuan/ton to 9740 yuan/ton. During the cycle, the price rose by 0.25%, the maximum amplitude was 3.33%, and the price fell by 68.57% year on year.

At the beginning of the month, the domestic BDO market was narrowed, and most traders held a steady wait-and-see attitude. The atmosphere of real order negotiation was light. The supply and demand negotiations played a game, and the market focus was deadlocked. Although some maintenance devices such as Shaanxi Shanhua and Chongqing Jianfeng have been restarted, and the market supply has increased, the demand for BDO of Henan Hemei after the shutdown of the device has been met. The supply and demand parties negotiate and play games, and the market is difficult to rise and fall. In the first ten days of this month, the early maintenance devices of the production enterprises were started successively, and the market supply increased accordingly, while the downstream demand continued to be sluggish, and the operating rate of enterprises in the downstream industry was low. As a result, the digestion of raw materials BDO was greatly reduced, and the BDO price continued to decline. In the middle of this month, the manufacturing enterprises had a strong intention to support the market, but the downstream industries were mainly wait-and-see, maintaining contract follow-up, just needed small spot purchase, and the focus of delivery and investment rose in a narrow range. At the end of this month, the new and old cycles alternated. The market waited and waited for settlement information, and the atmosphere of actual order negotiation was light. Although some enterprises announced bidding prices, their intention to support the market was strong, but the overall market fluctuation was limited and the increase was not large.

On the cost side, raw calcium carbide: the business community monitored that the domestic calcium carbide price rose first and then fell, with narrow fluctuations. The price at the beginning of the month remained at 3750 yuan/ton, and the price at the end of the month remained at 3702 yuan/ton, with a decline of 1.28%. In terms of methanol, the business community monitored that the price of domestic methanol in East China ports fluctuated at a low level, with 2681 yuan/ton at the beginning of the month and 2631 yuan/ton at the end of the month (as of 15:00 on December 29). The price fell 1.86% during the period. In the near future, there are few positive factors in the carbide and methanol markets, and the BDO cost support is weak.

On the supply side, after Yizheng Dalian, Henan Hemei, Meike Phase III, Sichuan Tianhua, and Lanshantunhe one set of devices were shut down for maintenance and reagent change, Sichuan Wanhua devices were also shut down due to natural gas problems, and the overall load of the industry dropped to around 60%, with strong support on the supply side. BDO supply level is obviously favorable.

On the demand side, the PTMEG industry load dropped to around 60%, maintaining contract follow-up. The PBT industry started to improve, and the digestion of raw materials increased, but the contract procurement was the main part, and the spot follow-up was limited. The load of PBAT industry is increased to around 15%, and the production of new capacity is delayed. The overall BDO demand has not changed much.

The future forecast shows that the industry is in a loss state at present. Although the domestic BDO market supply has increased slightly, the manufacturing enterprises continue to support the market. The main downstream PTMEG, PBT and other markets were weak, which suppressed the market trend and made it difficult to trade at high prices. Business agency BDO analysts expect that the domestic BDO market will be dominated by sideways consolidation.

1、 Trend analysis

According to the data monitoring of the business community, in 2022, the copper price will rise first, then fall, and then rise to the bottom, going out of the deep “V” trend. The copper price at the beginning of the year was 69930 yuan/ton, and at the end of the year it dropped to 66196.67 yuan/ton, a decline of 5.34%.

As shown in the figure above, from the current copper futures comparison chart of the business community, the current copper futures trend in 2022 is basically the same, and the spot price is higher than the futures price most of the time. At the end of the year, the main basis difference has risen, indicating that everyone is not very optimistic about the future price of copper.

2、 Market analysis

Looking at the trend of copper throughout the year, the whole year is divided into three stages. From January to June, it fluctuated and rose, from June to mid July, it fell sharply, and from mid July to the end of the year, it rebounded.

From January to June and March, the conflict between Russia and Ukraine broke out, which greatly impacted the global supply chain. Copper supply was in short supply, global inflation began to intensify, and copper prices continued to rise sharply. Subsequently, the macro environment changed greatly. The Federal Reserve continued to raise interest rates strongly, and inflation in Europe and the United States remained high. In particular, the consumer price index (CPI) in the United States reached a peak of 9.1% year-on-year in June, and copper prices began to fall sharply. In July, the expectation of the Federal Reserve to raise interest rates slowed down, crude oil and natural gas prices continued to decline, and inflationary pressures were released. At the same time, the production and sales of new energy vehicles increased dramatically, copper demand was released, and copper prices rebounded from the bottom.

Upstream supply:

2022 and 2023 are the big years for the release of new copper mine output. In the first nine months of 2022, the release of new capacity will boost the global copper mine output by about 3.5%. In terms of new output, Indonesia’s output increased by 33%, mainly due to the increase of underground production of Grasberg Project; The output of DRC increased by 28%, mainly due to the continuous ramp up of Kamoa production capacity and the release of capacity of other projects. Influenced by the epidemic situation, weather and community problems, the supply in South America was less than expected. Chile, a major copper producer in the world, was affected by the COVID-19, operational problems, grade decline and drought. In the first nine months of 2022, copper production declined by 6.7%, and concentrate production declined by 9%; In Peru, two major copper mines were shut down due to community problems. In the first nine months of 2022, the copper production in Chile only increased by 1.4%, but the output decreased by 5% compared with the same period in 2019 (before the epidemic). According to the World Bureau of Metals Statistics (WBMS), from January to September 2022, the global mine copper output will be 16 million tons, an increase of 1.2% over the same period last year.

Downstream demand:

Domestic copper terminal consumption is mainly concentrated in power cable, household appliances, automobiles, real estate and other industries. Among them, power cables account for nearly 37%, buildings account for 21%, household appliances (air-conditioning and other refrigeration equipment) account for 15%, and the automobile industry accounts for 8%.

Automobile production: It is shown that the retail sales of passenger car market in January November totaled 18.367 million units, a year-on-year increase of 1.8%, and a year-on-year net increase of 317000 units, of which, since the launch of the preferential policy of halving vehicle purchase tax, 1.39 million units have increased year-on-year from June to November, making a huge incremental contribution.

Household appliances: From January to October 2022, the cumulative output of household air conditioners was 125.95 million units, a year-on-year decrease of 3.5%. In October, the output of air conditioners was 144.32 million units, a year-on-year decrease of 3.3%. In October, the number of household refrigerators was 6.9 million, down 9.7% year on year.

Power cable: By October 2022, the accumulative value of completed investment in power grid infrastructure will be 351.1 billion yuan, up 3% year on year. The completed investment in national power infrastructure was 460.7 billion yuan, up 27% year on year. According to the 14th Five Year Plan, the State Grid plans to promote the transformation and upgrading of power grids and vigorously develop new energy industries; With the rapid launch of photovoltaic power generation, onshore wind power and offshore wind power projects, the future power grid will play a certain role in boosting copper demand.

Real estate: According to the National Bureau of Statistics, from January to November 2022, the national investment in real estate development decreased by 9.8%. From January to November, the national real estate development investment was 12386.3 billion yuan, down 9.8% year on year; Among them, the residential investment was 9401.6 billion yuan, down 9.2%. From January to November, the construction area of real estate development enterprises was 8968570000 square meters, down 6.5% year on year. Among them, the residential construction area was 6339.16 million square meters, down 6.7%. The newly started housing area was 1116.32 million square meters, down 38.9%. Among them, the newly started residential area was 817.34 million square meters, down 39.5%. The completed housing area was 557.09 million square meters, down 19.0%. Among them, the completed residential area was 404.42 million square meters, down 18.4%.

In general, the traditional demand for real estate and household appliances will remain sluggish in 2022, and the green demand for wire and cable and new energy vehicles will be relatively stable. In 2023, according to the 14th Five Year Plan, the State Grid plans to promote the transformation and upgrading of power grids and vigorously develop the new energy industry; With the rapid launch of photovoltaic power generation, onshore wind power and offshore wind power projects, the future power grid will play a certain role in boosting copper demand. With the recovery and stabilization of the real estate industry, the overall demand for air conditioners and refrigerators in 2023 will increase compared with that in 2022.

According to the annual comparison chart of copper prices of the business community, copper prices and trends this year are similar to those in 2022. The annual price exceeds 60,000 yuan/ton, and the annual average price is about 70,000 yuan/ton. Except for 2011, copper prices in other years are generally lower than 60,000 yuan/ton.

In 2023, the global copper supply and demand will increase, or the global copper stock will increase by 200000 metal tons. However, since the current copper stock is at a very low level in history, even if the stock will increase next year, the total global copper stock will still be at a low level. Consumer inflation is still at a high level, which will keep the interest rates of the Federal Reserve and the European Central Bank high in 2023. Economic growth in Europe and the United States will slow down and even recession expectations will increase, leading to a decline in overseas demand expectations or partially hedging the optimistic demand expectations formed by the release of domestic COVID-19 prevention and control. If the inventory is low, it is estimated that the copper price in 2023 will be equivalent to that in 2022, and the copper price will be in the range of 50000-71000 yuan/ton.

DOP prices rose first and then fell this week

According to the data monitoring of the business community, as of December 16, the DOP price was 9960 yuan/ton, up 2.04% from 9761 yuan/ton on December 9. The price of raw materials rose, the cost of DOP rose, the price of DOP rose first and then fell, and the DOP market was adjusted strongly.

The price of raw material isooctanol rises in shock

According to the price monitoring of the business community, as of December 16, the price of isooctanol was 9666.67 yuan/ton, up 5.84% from 9133.33 yuan/ton on December 9. The price of isooctanol rose in shock, the cost of DOP rose, and the impetus for DOP to rise increased.

The price of raw material phthalic anhydride fell first and then rose

According to the price monitoring of the business community, as of December 16, the quotation of phthalic anhydride by o-benzene method was 8175 yuan/ton, up 0.31% from the price of 8150 yuan/ton on December 9. The price of ortho phthalic anhydride fell, the operating rate of ortho phthalic anhydride increased, the supply of phthalic anhydride increased, the price of ortho phthalic anhydride fell first and then rose, and the cost of DOP increased.

Future market expectation

According to the DOP data analysts of the business agency, the price of raw material isooctanol rose first and then fell this week, the price of phthalic anhydride fell first and then rose, and the cost of DOP rose. The downward pressure on DOP weakened and the upward momentum increased. In the future, the demand for rising DOP costs is still weak, and it is expected that DOP prices will become stable in the future.

The price of plasticizer DBP rose first and then fell this week

According to the data monitoring of the business community, as of December 19, the DBP price was 9666.67 yuan/ton, up 2.11% from 9466.67 yuan/ton on December 11. The price of raw materials rose and the demand recovered. The DBP price rose first and then fell this week.

The price of DBP raw materials rose in shock

According to the price monitoring of the business community, as of December 19, the price of phthalic anhydride was 8175 yuan/ton, up 0.31% from the price of 8150 yuan/ton on December 11. The price of ortho benzene fell, the cost of phthalic anhydride became weak and stable, the price of phthalic anhydride fell first and then rose, and the downward pressure on DBP weakened.

According to the price monitoring of the business community, as of December 19, the price of n-butanol was 8300 yuan/ton, up 9.69% from the price of 7566.67 yuan/ton on December 11. The trading atmosphere of n-butanol in the market recovered, but the increase was less than expected. The industry’s strong will was strengthened. The price of n-butanol rose first and then fell, and the cost of DBP rose.

Future market expectation

According to DBP data analysts from the business community, in terms of cost, the price of raw material phthalic anhydride has stopped falling and recovered, the price of n-butanol has risen first and then dropped, and the cost of DBP raw materials has risen; In terms of demand, DBP demand recovered but the rise was less than expected. In the future, the demand for rising DBP costs did not recover as expected, and it is expected that DBP prices will become weak and stable in the future.

The domestic market price of phthalic anhydride stopped falling and recovered. As of the 16th, the price of phthalic anhydride was 8175 yuan/ton, up 0.31% from the price of 8150 yuan/ton at the beginning of the week. The supply of phthalic anhydride was normal, downstream orders increased, and the market price stopped falling.

The market of phthalic anhydride rose slightly, and the main influencing factors are as follows:

Supply side: the spot supply of phthalic anhydride is tight

The supply of phthalic anhydride is normal, domestic phthalic anhydride plants are operating stably, Anhui Tongling Neighbouring phthalic anhydride starts to ship normally, Xinyang Group’s 100000 ton phthalic anhydride plant is operating stably, and Yamato Hongxin’s phthalic anhydride is operating normally. At present, the domestic phthalic anhydride operating rate is maintained at more than 60%, the manufacturer’s inventory is exhausted, the supply of goods is increased, and the situation of shipment is improved, and the market trend is rising slightly.

Cost end: the price of ortho benzene is lower, and the cost support is weakened

The price trend of domestic ortho benzene declined. As of the 16th, the price of ortho benzene was 7800 yuan/ton, down 4.88% this week. The overhaul and restart of some ortho benzene units in the plant. According to the increase in the supply of ortho benzene as the reaction raw material from the manufacturer, the ortho benzene market has declined due to the decline of mixed xylene market, and the cost support has weakened. The increase of phthalic anhydride market is limited due to this.

Demand side: plasticizer market rose, orders increased

The DOP market price in the downstream of phthalic anhydride rose slightly. At present, the domestic DOP price is 9960 yuan/ton, and the domestic DOP enterprises started at a low level of about 50%. For the increase of phthalic anhydride orders, the mainstream DOP price is 9900-10100 yuan/ton. The production of plastic products is normal, the demand for plasticizers is fair, and the plasticizer industry has risen slightly. The increase in downstream demand is a good support for the phthalic anhydride market, which has risen slightly.

In the future, the price of o-xylene is weak in the short term, the downstream plasticizer industry is in a downturn, and the supply of phthalic anhydride is normal, but the inventory of phthalic anhydride manufacturers is low. It is expected that the market price of phthalic anhydride will remain volatile in the future.

This week, Shandong propane market rose first and then fell, and then gave up its gains, and finally ended down. According to the data monitoring of the business community, the average price of Shandong propane market was 5782 yuan/ton on December 5 and 5762 yuan/ton on December 9, with a drop of 0.35% in the week, up 4.81% compared with the same period last year.

As of December 19, the mainstream prices of propane in different regions in China are as follows:

Region, December 19

In South China, 5750-5800 yuan/ton

North China, 5750-5900 yuan/ton

Shandong, 5650-5800 yuan/ton

Northeast China, 5400-5700 yuan/ton

This week (12.5-12.9), the domestic propane market rose first and then fell. At the beginning of the week, with the liberalization of epidemic prevention policies in various regions, the market atmosphere improved. Downstream companies actively entered the market, and propane enterprises steadily rose. In the second half of the period, the international crude oil and external market prices fell significantly, which depressed the market mentality, dragged down the upward trend of propane, and the news was negative. At the same time, the procurement of downstream chemical products such as PDH was not active, which further depressed the propane market. As of this Friday, the rise of propane had reversed, and the decline was greater than the increase. The mainstream price in Shandong was 5750-5800 yuan/ton.

Saudi Aramco introduced CP in December 2022, with propane of 650 dollars/ton, up 40 dollars/ton from last month; Butane is 650 dollars/ton, up 40 dollars/ton from last month.

On the whole, the news support is insufficient, the demand side has no substantial improvement, the profits of some downstream products are poor, and the procurement is restrained. It is expected that the propane market will be dominated by weak shocks next week.

According to the monitoring sample data of the business community, the average price of melamine enterprises was 8266.67 yuan/ton as of December 13, a decrease of 0.80% compared with last Thursday (December 8).

Recently, the melamine market is weak. From the perspective of cost, the raw material urea market has risen after the recent fall, and the cost support has risen from a weak level, supporting the market price mentality. From the supply and demand side, the operating rate of the melamine market was high, but the demand side was low, the follow-up of new orders was insufficient, the enterprise sales were under pressure, and the focus of the melamine market negotiation fell.

For upstream urea, the domestic urea market rose on December 13. On December 13, the reference price of urea was 2756.00, a decrease of 1.5% compared with December 1 (2798.00).

Melamine analysts from the business community believe that at present, the price of raw material urea is relatively strong and the cost pressure is rising, but the supply and demand support is weak. It is expected that in the short term, the melamine market will be weak and stable, and more attention should be paid to the change of raw material price.

Recent price trend of sulfuric acid

As can be seen from the figure above, the price of domestic sulfuric acid market fell slightly this week, from 321.67 yuan/ton at the end of last week to 301.67 yuan/ton at the end of this week, down 6.22%. A year-on-year decrease of 52.24%. On December 11, the sulphuric acid commodity index was 46.95, unchanged from yesterday, down 75.04% from the cycle’s highest point of 188.07 (2022-04-13), and up 48.95% from the lowest point of 31.52 on June 6, 2019. (Note: Period refers to 2011-09-01 to now)

The upstream market fluctuated and rose, while the downstream purchasing enthusiasm was average

Judging from the manufacturer’s quotation, the price of domestic mainstream sulfuric acid manufacturers rose and fell with each other this week, and the manufacturer’s inventory was average.

From the perspective of upstream and downstream industrial chains, the upstream sulfur market rose in a narrow range, with the sulfur price rising from about 1450 yuan/ton at the weekend to 1513.33 yuan/ton at the weekend, up 4.37%. Compared with the same period last year, it fell by 21.72% year on year. The upstream market rose in shock and cost support increased. The downstream hydrofluoric acid market rose slightly, with the market price rising from 12742.863 yuan/ton at the end of last week to 12757.14 yuan/ton at the end of this week, up 0.11%. It was 0.29% higher than the same period last year. The market price of titanium dioxide in the downstream market was adjusted at a low level, and the market price was 15,933.33 yuan/ton. A year-on-year drop of 23.03%. Downstream market fluctuates with each other, and downstream purchasing enthusiasm is average.

The market rose slightly after shocks

In the middle and late December, the domestic sulfuric acid market rose mainly due to slight fluctuations. The upstream sulfur market has been surging recently, and the cost support has increased. Downstream hydrofluoric acid market rose slightly, while titanium dioxide and ammonium sulfate market declined slightly. Downstream customers were generally enthusiastic about purchasing sulfuric acid, and the product trend rose under the contradiction between supply and demand. The sulfuric acid analysts of the business community believe that the short-term domestic sulfuric acid market price will rise mainly due to the impact of supply and demand, raw materials and other aspects.

According to statistics, the domestic phthalic anhydride price will rise as a whole in 2021. The price at the beginning of the year will be 7175 yuan/ton, and that on December 12 will be 8050 yuan/ton. In 2022, the phthalic anhydride price will rise significantly by 12.20%. The highest price in the year will appear on October 16, the highest price will be 10,637.5 yuan/ton, and the lowest price in the year will appear on January 1, the lowest price will be 7175 yuan/ton, and the maximum amplitude in the year will be 48.26%.

It can be seen from the domestic phthalic anhydride price trend chart in recent five years that the phthalic anhydride price will be at a high level in 2022, and the high market price of phthalic anhydride will generally appear in the fourth quarter. The price trend of phthalic anhydride market will decline in the second quarter, and the market price of phthalic anhydride will rise in 2022. It can be seen from the trend chart that the price trend of phthalic anhydride can be roughly divided into four stages. The first stage is from the beginning of the year to the middle of March, when the price of phthalic anhydride rises; The second stage is the period from late March to the end of July, during which the phthalic anhydride market fluctuated and fell; The third stage is from the beginning of August to the middle of October, during which the price of phthalic anhydride rises rapidly; In the fourth stage, the market price of phthalic anhydride fell sharply from late October to December 12.

In the first stage, from the beginning of the year to the middle of March, the domestic phthalic anhydride market price rose. The price at the beginning of the year rose from 7175 yuan/ton to 9150 yuan/ton in the middle of March, up 27.53%. The domestic phthalic anhydride market rose significantly. First of all, the domestic phthalic anhydride manufacturers maintained a low level of commencement. The on-site phthalic anhydride operation rate was more than 50%. The domestic spot supply of phthalic anhydride was slightly tight. The price of phthalic anhydride on the market rose, and the downstream plasticizer industry rose significantly. The actual transaction was obviously favorable, and the phthalic anhydride market rose. Secondly, the price of ortho benzene as upstream raw material has risen sharply. The domestic market price of ortho benzene has risen from 6300 yuan/ton to 9000 yuan/ton, an increase of 42.86%. In addition, the import price of ortho benzene in the port area has risen sharply, and the quotation of ortho benzene in the external market has risen. The sharp rise in the price of ortho benzene as upstream raw material has formed cost support for the phthalic anhydride market, and the market price of phthalic anhydride has risen significantly.

The second stage is the period from late March to the end of July, during which the phthalic anhydride market fluctuates. The price in late March was 9150 yuan/ton, down to 7950 yuan/ton at the end of July, a decline of 13.11%. Recently, the price trend of phthalic anhydride market has declined, and the purchase situation of phthalic anhydride market is general. Recently, downstream demand has decreased, the price trend of ortho benzene has dropped significantly, and the plasticizer market has declined. The superposition of negative factors has led to the continuous decline of phthalic anhydride market price. The domestic phthalic anhydride manufacturers started up slightly, and the on-site phthalic anhydride operating rate rose to about 60%. The domestic spot supply of phthalic anhydride was sufficient, and the on-site wait-and-see attitude of phthalic anhydride remained. Downstream procurement was poor. Recently, the downstream DOP market trend fell back, which affected the price trend of phthalic anhydride market.

The third stage is from the beginning of August to the middle of October, during which the price of phthalic anhydride rises rapidly. The market price of phthalic anhydride increased by 33.81% from 7950 yuan/ton in early August to 10637.5 yuan/ton in the middle of October. At this stage, the domestic market price of phthalic anhydride continued to rise. At this stage, the domestic supply of phthalic anhydride was tight, some units were unstable, and the supply of goods was limited to a certain extent, The order scheduling situation occurred, and the serious contradiction between supply and demand led to the continuous rise of domestic phthalic anhydride market price. In addition, the supply of phthalic anhydride raw materials is tight recently, phthalic anhydride manufacturers have difficulty in purchasing, they are not enthusiastic enough to start work, the factory has stopped production for more maintenance, and the supply of ortho benzene is tight, resulting in a shortage of raw materials for phthalic anhydride manufacturers, which restricts their production. In addition, the price of phthalic anhydride has risen sharply, supported by favorable factors, and the price of ortho benzene has risen. The downstream DOP market price rose significantly, and the downstream demand was favorable. At this stage, the DOP price rose 14.51%. The customers actively purchased, and the multiple advantages overlapped, so the market price of phthalic anhydride rose significantly.

In the fourth stage, the market price of phthalic anhydride fell sharply from late October to December 12. The price of phthalic anhydride dropped from 10637.5 yuan/ton to 8050 yuan/ton at the end of the year, a decline of 24.32%. The market price of phthalic anhydride dropped sharply, and the shipment of phthalic anhydride on the site was not good. Recently, the supply of phthalic anhydride increased, some domestic maintenance devices restarted, and Anhui Tongling phthalic anhydride began to ship normally. The 100000 ton phthalic anhydride device of Xinyang Group operated stably. Affected by the restart of the device, the domestic phthalic anhydride operating rate rose to about 60%, and the domestic phthalic anhydride capacity was severely overcapacity, The supply of phthalic anhydride is sufficient, and the market price drops. At this stage, the downstream plasticizer industry was weak, and the actual transaction was not good. The situation of ortho benzene in the upstream has declined. In addition, the plasticizer industry is in a downturn and the demand is sluggish. The market price of phthalic anhydride has fallen sharply.

To sum up, the domestic phthalic anhydride market will rise in 2022. The price trend of ortho phthalic anhydride is similar to the market price of phthalic anhydride. The downstream plasticizer industry is the direct factor affecting the price of phthalic anhydride. Nefa phthalic anhydride has a great impact on ortho phthalic anhydride, and the market price of phthalic anhydride will also be affected to some extent.

Future forecast: the domestic phthalic anhydride market has a serious overcapacity. In addition, the naphthalene phthalic anhydride continues to increase its capacity, and the neighboring phthalic anhydride is somewhat suppressed. In addition, the real estate market in the past two years is not optimistic, the plasticizer industry has been affected to some extent, and the demand has not increased significantly. In addition, the naphthalene phthalic anhydride continues to impact the market. It is estimated that the highest price of phthalic anhydride in 2023 may still be in the fourth quarter, and the highest price is about 9500 yuan/ton, The lowest price may appear in the second quarter, which is about 6000 yuan/ton.

According to the price monitoring data of the business community, as of December 5, 2022, the price reference of domestic n-propanol was 8633 yuan/ton, which was 83 yuan/ton higher than that of December 5 (8550 yuan/ton).

It can be seen from the data monitoring chart of the business community that the domestic n-propanol market rose slightly this week (12.05-12.09). At the beginning of this week, the overall small increase in the price of n-propanol of Shandong’s big factories led to the overall upward trend of the market, with an increase of 100-200 yuan/ton. The overall downstream demand did not change much, and the purchase of just needed continued. In the middle of the week, some suppliers adjusted their prices narrowly according to their own inventory and other factors. On December 9, the market price of n-propanol in Shandong Province was around 8100-8500 yuan/ton, and the barrel price was around 9300-9500 yuan/ton. Distributors in different regions have reservations about the price. The price is difficult to monitor, which may lead to differences in the specific negotiation. Each region also has differences, and the actual negotiation is the main thing.

Prediction of the future market trend of n-propanol

At present, the information on the supply and demand side of the n-propanol market is relatively calm. The data change on the supply and demand side is not big near the end of the year, and the downstream may usher in a small range of stock purchase. The n-propanol data engineer of the business community believes that in the short term, the domestic n-propanol market will mainly operate upward in a volatile way, and more attention should be paid to the information changes on the supply and demand side.