According to the price monitoring data of business agency, as of April 6, 2022, the average reference price of domestic n-propanol was 8416 yuan / ton. Compared with April 1 (the average reference price of n-propanol was 8433 yuan / ton), the average price was reduced by 17 yuan / ton, a decrease of 0.2%.

It can be seen from the data monitoring chart of the business society that in April, on the eve of the Qingming Festival, the trading atmosphere of domestic n-propanol in the field was cold, the downstream goods preparation performance before the festival was general, and the inventory of domestic n-propanol in the field accumulated. On the 2nd, the suppliers of n-propanol in Shandong adjusted the shipping price of n-propanol according to their own inventory, driving the overall market price of n-propanol in Shandong down slightly, with a reduction range of about 100-200 yuan / ton, The ex factory price of n-propanol in Shandong is around 7800-8000 yuan / ton. During the Qingming holiday, supported by the strong trend of raw materials, the domestic n-propanol market picked up slightly on the 4th and 5th, and the market price of n-propanol in Shandong rose to around 7850-8000 yuan / ton. After returning from the Tomb Sweeping Day holiday, on the 6th, the market price of n-propanol in Shandong continued to rise slightly, with a rise range of around 50-100 yuan / ton. The market price of n-propanol is around 7900-8100 yuan / ton, and the high-end quotation is around 8500 yuan / ton. Local dealers still have reservations about the price, and the price is not easy to monitor, which may lead to differences in specific negotiation situations. There are also differences in each region, mainly through actual negotiation, Wait and see the price change and shipment of raw materials in the future.

In terms of upstream ethylene, after the Qingming Festival, the external ethylene market generally rose. On April 5, in the Asian ethylene market, CFR Northeast Asia closed at US $1396-1406 / ton and CFR Southeast Asia closed at US $1426-1436 / ton. European ethylene market fell slightly. As of the 5th, FD northwest Europe closed at US $1994-2004 / ton and CIF northwest Europe closed at US $1544-1553 / ton. Ethylene analysts at the chemical branch of business agency believe that the international crude oil futures market fell. On the macro level, due to the expectation of interest rate increase by the Federal Reserve, the rise of the US dollar affected the valuation of oil prices. On the demand side, market participants expressed concern about the slowdown in demand caused by public health events, and oil prices were under pressure. But at the same time, the supply side was subject to Western sanctions against Russia, resulting in damage to output, and supply concerns limited the decline in oil prices. Therefore, the data analysts of the business agency expect that the external price of ethylene will mainly fall below next.

Forecast of future trend of n-propanol

At present, the downstream demand of n-propanol is mainly just demand procurement, and the support given by the supply side is acceptable. The n-propanol data division of business society believes that in the short term, China’s domestic n-propanol market will mainly adjust in a narrow range, and more attention needs to be paid to the news changes of supply and demand.