According to the price monitoring data of business society, as of August 30, the average reference price of domestic n-propanol was 7400 yuan / ton. Compared with the price on August 1 (the average reference price of n-propanol was 7100 yuan / ton), the average price increased by 300 yuan / ton, or 4.23%.
In the first ten days of August, the domestic n-propanol market showed a stable performance. For the stability maintenance of new units of large n-propanol plants in Shandong, the early quotation was around 6400 yuan / ton. The secondary market price has also been stable, low up and high down, and the overall market fluctuation is small.
Since the middle of August, the market of n-propanol in Shandong has increased slightly, the demand of n-propanol factories has followed up well, and the offer price has risen steadily. On August 20, the ex factory quotation of n-propanol in Shandong was around 6700-6850 yuan / ton (apron), an increase of 100-200 yuan / ton compared with the beginning of the month. The market of n-propanol in Nanjing is stable, Nanjing Rongxin Chemical Co., Ltd. the n-propanol unit operates normally, and the ex factory quotation of n-propanol refers to 8500 yuan / ton (apron).
In late August, the domestic n-propanol market as a whole maintained a stable consolidation operation. Downstream users just needed to purchase. The n-propanol market was stable and the on-site inventory was normal. As of August 30, the average ex factory price of domestic n-propanol was 7400 yuan / ton, a monthly increase of 4.23% compared with the beginning of August.
In terms of upstream ethylene, the external ethylene market first rose sharply in August, and then continued to decline after rising to a high level. After falling to the same price as that at the beginning of the month at the end of the month, it was shaken and consolidated, and the highest price was US $1153 / ton. Ethylene market prices in Asia continued to rise. As of the 27th, CFR Northeast Asia closed at US $961-971 / ton and CFR Southeast Asia closed at US $956-966 / ton. European ethylene market prices fluctuated and consolidated. As of the 27th, FD northwest Europe closed at US $1184-1195 / ton and CIF northwest Europe closed at US $1130-1138 / ton. The price of ethylene in the United States fluctuated and rose. As of the 27th, the price was 828-846 US dollars / ton. In August, the external ethylene market should be said to be stable after fluctuation, and the price generally returned to the beginning of the month. On August 29, hurricane IDA made landfall along the coast of Louisiana. Affected by this, some chemical plants were shut down or operated at low load, and the supply of ethylene in the United States is expected to be in short supply. In August, the external price of ethylene rose first and then fell. At the beginning of the month, the average price of ethylene was US $1062.00/t, and at the end of the month, the average price of ethylene was US $1062.75/t, an increase of 0.07%.
Forecast of future trend of n-propanol
At present, the demand side of n-propanol is normal, and the domestic n-propanol factories are under normal operation. According to the analysts of business society, the domestic n-propanol market trend in the short term will mainly focus on the stable consolidation and operation, and more attention needs to be paid to the specific changes in the supply and demand side.