According to the price monitoring data of business agency, as of June 5, the reference average price of domestic n-propanol including packaging in mainstream areas was around 11700 yuan / ton, up 533 yuan / ton or 4.78% compared with June 1, up 866 yuan / ton or 7.04% compared with the beginning of May, up 1633 yuan / ton or 16.04% compared with the beginning of April.
Since the second quarter of 2020, the domestic n-propanol market has risen all the way, with an increase of more than 16%
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After the Spring Festival in 2020, affected by public health events, logistics and transportation, the domestic n-propanol market has been dominated by low-level operation from February to March, while the downstream is used and purchased, with general demand. The factory produces on demand and mainly supplies contract users. Due to the different development of chemical industry in different countries, the application of n-propanol is also quite different. In China, n-propanol is mainly used as raw materials for the production of n-Propyl Acetate, with market demand accounting for about 65% and direct use as solvent only accounting for about 8%.
In April, the sharp rise of isopropanol led to the flying of n-propanol and it
At the beginning of April, the domestic n-propanol market as a whole still maintained the weak low-level operation in the early stage. Until the middle of April, affected by the sharp rise of the market of isopropanol, the market price of isopropanol once broke through 13000 yuan / ton, and the inventory was low. Many downstream users began to replenish n-propanol instead of isopropanol as a solvent. Therefore, since the middle of April, the demand of domestic n-propanol market has increased significantly, The factory stock is tight, and the price is also rising. According to the data monitoring of the business agency, on April 30, the reference average price of domestic n-propanol factory was 10933 yuan / ton, up 900 yuan / ton from the beginning of the month, up more than 8%.
N-propanol continued to rise steadily in May
Since the beginning of May, although the price of isopropanol has fallen, the early rise is still the same, and the advantage as a solvent is still not significant, so this month’s n-propanol market is still stable and rising. According to the data monitoring of the business agency, on May 31, the average ex factory reference price of n-propanol in China was 11166 yuan / ton, 230 yuan / ton higher than that in early May, an increase of more than 2.3%, 1100 yuan / ton higher than that in early April, an increase of nearly 11%.
In the early days of June, the isopropanol market rose again slightly, driving the market of n-propanol to keep up with the rising sentiment. As of June 5, Nanjing: the manufacturer Nanjing Rongxin Chemical Co., Ltd., the production unit of n-propanol was operating normally, and the ex factory quotation of n-propanol for external purified water was 10500 yuan / ton (ex warehouse price of cash purified water). Shandong Province: at present, the overall inventory of n-propanol market is low, the ex factory price of purified water and the self raised price of the port including packaging have been increased by 500-1000 yuan / ton.
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According to the data monitoring of business agency, the latest price of n-propanol of some enterprises in China on June 5, 2020 (for reference only)
Enterprise name price type price (yuan / ton including tax) specification remarks time
Nanjing Rongxin Chemical Co., Ltd. ex factory price: 10500 yuan / ton; purified water content ≥%: 99.5; grade: excellent; June 5, 2020
Shandong fengcang Chemical Co., Ltd. market price: 11500 yuan / ton barrel content ≥%: 99.5; grade: superior; June 5, 2020
Ningbo Haorui Chemical Co., Ltd. market price: 11500 yuan / ton barrel content ≥%: 99.5; grade: superior; June 5, 2020
Jinan today he Chemical Co., Ltd. ex factory price 10600 yuan / ton purified water content ≥%: 99.5; grade: superior; June 5, 2020
Jinan Mingwei Chemical Co., Ltd. factory price: 10000 yuan / ton, purified water content ≥%: 99.5; grade: excellent; June 5, 2020
Jinan Pratt & Whitney Chemical Co., Ltd. factory price: 10500 yuan / ton net water content ≥%: 99.5; grade: superior; June 5, 2020
In the upstream, propylene oxide in the upstream of n-propanol was stable after the market fluctuation in May, and the overall increase was still obvious, with a monthly increase of 12.55% and a monthly amplitude of 26.61%. At the beginning of June, although the market fluctuated slightly, the overall trend in May and June still had a positive impact on the n-propanol market.
In the downstream, the market of n-Propyl Acetate downstream of n-propanol was relatively stable as a whole, and the manufacturer’s quotation was mainly stable. On the 3rd and 4th, some dealers made a small downward adjustment for the smooth delivery quotation, which had little impact on the overall market trend.
According to the prediction of the data division of the business association, at present, many favorable factors still exist in the n-propanol market. It is expected that in the first ten days of June, when the overall market is high and strong, and the inventory is low, the market will rise again.
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