According to the price monitoring data of business society, as of November 18, the average reference price of domestic n-propanol was 10400 yuan / ton, which was reduced by 600 yuan / ton, or 5.45%, compared with the price on November 14 (the reference average price of n-propanol was 11000 yuan / ton), and 467 yuan / ton, or 4.70%, compared with the price on November 1 (the reference average price of n-propanol was 9933 yuan / ton).

This week, the domestic n-propanol market as a whole was weak and operated downward. In early November, mainly supported by tight supply, the market price of n-propanol increased greatly, and the spot market quotation of n-propanol was basically around 10500-11000 yuan / ton. However, the downstream demand side has always given limited support to the n-propanol market. The domestic downstream demand for n-propanol is relatively fixed, and the increase in demand is not obvious. This week (15th), the quotation of some n-propanol dealers in the n-propanol spot market in Shandong Province has been reduced by 200-500 yuan / ton. Then, the overall market has little change, focusing on continuous consolidation and operation. On the 18th, affected by the continuous cold demand, the spot market price of n-propanol in Shandong moved downward again, with a reduction range of around 400-500 yuan / ton. As of the 18th, the ex factory price of n-propanol in Shandong was around 9600-10500 yuan / ton, the low-end price was around 9500 yuan / ton, and the ex factory price of n-propanol in Nanjing was around 11000-12000 yuan / ton. 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 overall external ethylene market has continued to decline recently. Asian ethylene market prices fell. As of the 17th, CFR Northeast Asia closed at US $1146-1156 / ton and CFR Southeast Asia closed at US $1061-1071 / ton. The price of ethylene market in Europe fluctuated and fell. As of the 17th, FD northwest Europe closed at US $1222-1222 / T and CIF northwest Europe closed at US $1162-1170 / T. The price of ethylene in the United States fell. As of the 17th, the price was 761-779 yuan / ton. Recently, the external ethylene market continued to decline as a whole, with poor demand, cold market trading atmosphere and difficult transaction.

Internationally, on November 15, the international oil price rose and fell. The main contract of WTI crude oil futures in the United States closed slightly, with the settlement price reported at $80.88/barrel, an increase of $0.08, and the settlement price of Brent crude oil futures closed slightly, reported at $82.05/barrel, a decrease of $0.121 or 0.2%. The oil price has fallen into a stalemate due to the expected increase in supply, demand growth and the strength of the US dollar.

Forecast of future trend of n-propanol

At present, the demand side of n-propanol is relatively calm, the demand side support is general, the supply side support is still tight, and the supply side support is still in. The analysts of business society think that in the short term, the domestic n-propanol market mainly focuses on consolidation and operation, and more attention needs to be paid to the specific changes in the supply and demand side.