According to the price monitoring data of business agency, as of February 22, 2022, the average reference price of domestic n-propanol was 8055 yuan / ton. Compared with February 1 (the average reference price of n-propanol was 8100 yuan / ton), the average price was reduced by 45 yuan / ton, a decrease of 0.62%.

It can be seen from the data monitoring chart of business society that in early February, during the Spring Festival holiday, the domestic n-propanol market was calm, and the downstream purchase basically ended before the festival. During the holiday, the market trading was quiet, and the n-propanol market remained stable., After the festival (the 7th), the domestic n-propanol market moved down slightly, and the price of n-propanol factories in Shandong adjusted down narrowly, with an adjustment range of around 100 yuan / ton, so the market operated weakly and stably. On the 9th, the market of n-propanol witnessed a steady recovery, and the downstream demand began to expand one after another, giving confidence to the industry. Some suppliers of n-propanol in Shandong raised the ex factory price of n-propanol by about 100-200 yuan / ton. As of the 15th, the ex factory price of n-propanol in Shandong was around 7300-7500 yuan / ton.

In late February, the domestic n-propanol market as a whole moved downward again. After a small-scale replenishment in the downstream, the market demand became weak and the support given by the demand side was insufficient. On the 17th, some n-propanol dealers sold the goods at a profit and reduced the ex factory price of n-propanol by about 100-200 yuan / ton. Near the end of the month, individual suppliers adjusted prices according to their own inventory range, rising and falling each other, and the market fluctuated. At present, as of February 22, the ex factory price of n-propanol in Shandong is around 7300-7600 yuan / ton, and that in Nanjing is around 9000-9500 yuan / ton. Local dealers still have reservations about the price, and 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, on February 21, the Asian ethylene market, CFR Northeast Asia quoted us $1216-1226 / ton, CFR Southeast Asia quoted us $1186-1196 / ton, and the international crude oil futures price closed higher. The rise in oil prices was mainly due to the opposition between Russia and the West on Ukraine, which exacerbated supply concerns. February 21, February 21 (Monday) is the “Washington birthday anniversary” in the United States. The US stock market is closed for one day. The settlement price of the main contract of Brent crude oil futures is reported as US $95.39/barrel, up US $1.85 or 1.97%. Affected by the rising price of upstream crude oil, the ethylene market may mainly rise in the later stage.

Forecast of future trend of n-propanol

At present, the overall trading atmosphere of n-propanol market is still cold, and the downstream demand is mainly based on demand procurement. The analysts of business agency n-propanol believe that in the short term, the domestic n-propanol market will continue to adjust and operate in a narrow range, and more attention needs to be paid to the specific changes of supply and demand.