According to the price monitoring data of business society, as of January 7, 2022, the average reference price of domestic n-propanol was 8700 yuan / ton, which was reduced by 133 yuan / ton, or 2.06%, compared with January 1.

Returning from the new year’s Day holiday, the domestic n-propanol market as a whole maintained a stable consolidation and operation. After the start-up and operation of n-propanol plant in large factories in Shandong, the tight supply situation in the field has been alleviated, the downstream demand is mainly on demand, the supply and demand in the field is relatively stable, and the market price has not fluctuated significantly. Until the 7th, when the downstream demand did not increase significantly, the market situation of n-propanol in Shandong decreased slightly, and some suppliers slightly reduced the ex factory price of n-propanol by about 100-200 yuan / ton. As of the 7th, the market of n-propanol in Shandong was weak, the ex factory price of n-propanol was around 8200-8500 yuan / ton, and the low-end price was 8100 yuan / ton. In Nanjing, the n-propanol market operates smoothly. The ex factory price of n-propanol is around 9000-9500 yuan / ton. The n-propanol plant of Nanjing Rongxin Chemical Co., Ltd. operates smoothly. The ex factory price of n-propanol is 9500 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 external ethylene market rose as a whole. Ethylene prices in Asia fell. As of the 7th, CFR Northeast Asia closed at US $971-981 / ton and CFR Southeast Asia closed at US $961-971 / ton. European ethylene market rose slightly. As of the 7th, FD northwest Europe closed at US $1557-1567 / ton and CIF northwest Europe closed at US $1441-1449 / ton. Ethylene analysts at the chemical branch of business agency believe that the international crude oil price has fallen. The US employment data is not ideal, the expected cooling of demand has overshadowed supply side concerns such as Libya’s production reduction, and the oil price is under pressure. Therefore, the data analysts of the business agency expect the external price of ethylene to fall mainly next.

Forecast of future trend of n-propanol

At present, after the festival, the supply and demand side of n-propanol is calm, and the market trading atmosphere is normal. The analysts of business agency n-propanol believe that in the short term, the domestic n-propanol market will continue to operate stably, and more attention needs to be paid to the specific changes in the supply and demand side.