According to price monitoring data from Business Society, as of January 5, 2024, the reference price for domestic n-propanol market was 7933 yuan/ton, which was basically the same as January 1, 2024. Compared with November 1, 2023 (reference price for n-propanol was 7766 yuan/ton), the price increased by 167 yuan/ton, an increase of 2.36%.

From the data monitoring chart of Business Society, it can be seen that this week, the overall market situation of n-propanol in China remained stable and organized. As we enter the first week of 2024, the overall news of the domestic n-propanol market remains calm, with little change in on-site device operation. Downstream demand for n-propanol continues to be mainly for rigid procurement, with some small-scale stocking. The supply and demand transmission of n-propanol is stable, and the mentality of operators is good. The overall market volatility is relatively small. As of January 5th, the domestic market price of n-propanol in Shandong region is around 7300-7700 yuan/ton. The normal operation of the n-propanol plant in the Nanjing area, and the overall stable operation of the n-propanol market, with a reference price of around 8500-9000 yuan/ton for the n-propanol market. Dealers in different regions still have reservations about prices, and the difficulty in monitoring prices may lead to differences in specific negotiation situations. Each region also has differences, and actual negotiations are the main focus.

Prediction of future market trends of n-propanol

At present, the overall trading atmosphere in the domestic n-propanol market is quiet and mild, with inquiries mostly for first-time orders. Business Society’s n-propanol data analyst believes that in the short term, the domestic n-propanol market will mainly adjust its range, and the specific trend still needs to pay more attention to changes in supply and demand news.