According to the price monitoring data of business agency, as of October 28, the average reference price of domestic n-propanol was 8866 yuan / ton. Compared with the price on October 1 (the reference average price of n-propanol was 7733 yuan / ton), the average price increased by 1133 yuan / ton, or 14.66%.

In early October, during the National Day holiday, the domestic n-propanol market was calm, the downstream purchase basically ended before the festival, and returned after the festival. The domestic n-propanol market was weak as a whole, and the market trading was cold. On the 8th, the price of n-propanol factory in Shandong was adjusted slightly downward, and the ex factory price of n-propanol was reduced by about 200 yuan / ton. Under the guidance of the energy conservation and dual control policy in September, The downstream start-up decreased, the recovery after the festival was slow, the demand side support was weak, and the n-propanol was weak. Until the 14th, the n-propanol market in Shandong recovered, and the quotation of the operator increased slightly. As of the 15th, the reference average price of domestic n-propanol was 7733 yuan / ton, which was basically the same as that at the beginning of the month.

In late October, the plant of n-propanol in Shandong was shut down for maintenance. The on-site supply of n-propanol was tight. Under the low inventory, the market price of n-propanol continued to rise. Near the end of the month, the on-site spot supply of n-propanol continued to decrease and the inventory was low. The industry has no supply pressure, and the price of n-propanol in the spot market has increased. At present, as of October 28, the average price of domestic n-propanol is 8866 yuan / ton, with a monthly increase of 14.66%. Local dealers still have reservations about the price. The price is not easy to monitor, which may lead to differences in the specific negotiation situation. Each region also has differences. It is mainly based on actual single negotiation, and we will wait and see the change of raw material price and shipment in the future.

In terms of upstream ethylene, the external ethylene market showed an overall upward trend in October. As can be seen from the above figure, ethylene has been rising for four weeks, and the ethylene market price in Asia has continued to rise. As of the 26th, CFR Northeast Asia closed at US $1196-1206 / T and CFR Southeast Asia closed at US $1111-1121 / T. European ethylene market prices rose slightly. As of the 26th, FD northwest Europe closed at US $1252-1264 / T and CIF northwest Europe closed at US $1170-1178 / T. The price of ethylene in the United States rose. As of the 26th, the price was 790-807 yuan / ton. Throughout October, the overall demand of the external ethylene market was good, the market trading atmosphere was active, and the market continued to rise.

Internationally, on October 27, the international oil price fell sharply. The settlement price of the main contract of WTI crude oil futures in the United States was US $82.66/barrel, down US $1.99 or 2.40%, and the settlement price of Brent crude oil futures was US $83.87/barrel, down US $1.78 or 2.07%. A report released by the US Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories increased more than expected last week. In addition, there are rumors that Iran’s nuclear negotiations may restart and the high oil price will be corrected.

Forecast of future trend of n-propanol

In the short term, the supply side of the domestic n-propanol market is tight and has not improved much. Analysts of the business agency believe that the domestic n-propanol market is expected to continue to rise, and the specific trend needs to pay more attention to the follow-up of the downstream demand side. In recent years, driven by the development of downstream coating, painting, ink, adhesive and other industries, as well as the tightening of national environmental protection policies, the consumption of low toxic n-propanol will continue to grow. The application advantages of n-propanol will become more and more obvious. In the future, with the continuous improvement of environmental protection requirements in the coating industry, n-propanol is expected to become the most important solvent in the coating field, and the market development prospect is bright.