1、 Price trend

In the first half of August 2026 (8.1-8.12), the overall market situation of Shandong’s n-propanol showed a weak downward trend. The market price of n-propanol adjusted downward one after another, and the focus of negotiations shifted towards the low level. The cumulative downward adjustment in the second half of the year was about 200 yuan/ton. On August 12th, the reference price of Shandong’s n-propanol was 7100 yuan/ton, a decrease of 2.74% in the first half of the year.
2、 Market influencing factors
On the demand side: Currently, downstream demand for n-propanol is weak, and downstream industries such as traditional coatings, inks, and pharmaceutical intermediates are operating at a low level, resulting in insufficient follow-up of end product orders. Downstream enterprises tend to purchase on demand and lack the willingness to stock up in large quantities, resulting in weak market transaction follow-up. Intermediaries have a cautious attitude towards hoarding, making it difficult to support high prices.
On the supply side: Currently, the pressure on the supply side of the n-propanol market is still acceptable, and the overall operation of domestic n-propanol production enterprises is stable. The supply of goods is sufficient, and there is no significant tightening of spot supply. Against the backdrop of sustained weak demand, factories and traders actively lowered their quotes to stimulate transactions and drive prices down in order to promote shipments.
In terms of market mentality: The price of n-propanol in the early stage of the market has been sideways for a long time, and the market has a strong wait-and-see sentiment. As trading continues to remain sluggish, traders’ expectations for the future have weakened, and some holders have given priority to lowering prices and selling their goods. The market atmosphere of offering discounts for shipments has spread.
3、 Outlook for future market trends
In the short term, there is currently no clear positive driving force for n-propanol: downstream demand is difficult to quickly recover in the short term, spot supply is sufficient, and market bearish sentiment has not been fully digested. It is expected that the short-term price of Shandong n-propanol will mainly fluctuate weakly.