According to the price monitoring data of business society, as of September 5, the average reference price of domestic n-propanol was 7750 yuan / ton. Compared with the price on August 30 (the reference average price of n-propanol was 7400 yuan / ton), the average price increased by 350 yuan / ton, an increase of 4.73%. Compared with the price on August 1 (the reference average price of n-propanol was 7100 yuan / ton), the average price increased by 650 yuan / ton, an increase of 9.15%.
In the first week of September, the domestic n-propanol market rose and fell. The high-end price of n-propanol in Shandong was slow to ship, and the dealers made downward adjustment to the price. The low-end price of n-propanol increased significantly this week, which is due to the narrowing of the high-low price difference in the market in Shandong. In Nanjing, Jiangsu Province, the overall performance of n-propanol market is relatively stable. The n-propanol production unit of Rongxin chemical operates normally. The external quotation of n-propanol is 8500 yuan / ton, which is basically the same as that at the end of August. At present, the overall performance of the domestic n-propanol market increased this week. According to the data monitoring of the business society, the average price of domestic n-propanol was 7750 yuan / ton at the weekend, with an overall increase of more than 4% during the week compared with the beginning of the week.
In terms of upstream ethylene, according to the monitoring data of business society, the external price of ethylene fluctuated and rose this week. The average price of ethylene at the beginning of the week was US $1062.50/t, and the average price of ethylene at the weekend was US $1090.00/t, up 2.56%. The current price fell 4.13% month on month, and the current price rose 52.45% year-on-year. Recently, the external ethylene market has shown an overall upward trend. Asian ethylene market prices continued to rise. As of the 3rd, CFR Northeast Asia closed at US $1006-1016 / ton and CFR Southeast Asia closed at US $986-996 / ton. European ethylene market prices fluctuated and consolidated. As of the 3rd, FD northwest Europe closed at US $1212-1222 / T and CIF northwest Europe closed at US $1136-1144 / T. The price of ethylene in the United States fluctuated and rose. As of the 3rd, the price was US $1026-1044 / T. recently, the overall external ethylene market showed an upward trend, and the recent fluctuation of ethylene in Europe was not large. Ethylene rose periodically in Asia. Generally speaking, the demand of the whole ethylene external market is general recently, the market trading atmosphere is OK, and the ethylene market rises slightly.
Forecast of future trend of n-propanol
At present, the downstream demand for n-propanol is relatively stable. After the new n-propanol device is opened by a large factory in Shandong, the external quotation of n-propanol is relatively conservative. The analysts of body business society believe that the low-end price of n-propanol may continue to rise in the later stage, so it may drive the overall market to rise slightly. More attention should be paid to the specific changes in supply and demand.