According to the price monitoring data of business agency, as of March 10, 2022, the average reference price of domestic n-propanol was 8833 yuan / ton. Compared with March 6 (the average reference price of n-propanol was 8633 yuan / ton), the average price increased by 200 yuan / ton, or 2.32%.

It can be seen from the data monitoring chart of business agency that this week, the overall domestic n-propanol market continued to rise steadily. From the beginning of this week (7th), driven by the rise of raw materials and supported by costs, the domestic n-propanol market has operated strongly. The overall market price of n-propanol in Shandong has increased slightly by 100-200 yuan / ton. At present, the downstream demand side of n-propanol is relatively normal, the downstream procurement is mainly rigid demand, and the on-site trading atmosphere is acceptable. As of March 10, the market price of n-propanol in Shandong is around 8300-8650 yuan / ton, the market price of n-propanol in Nanjing is stable, and the ex factory price of n-propanol 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, according to the monitoring data of business society, the outer disc price of ethylene rose this week. The average price of ethylene at the beginning of the week was US $1317.50/ton, and the average price of ethylene at the weekend was US $1423.75/ton, an increase of 8.06%. The current price rose by 12.55% month on month, and the current price rose by 19.14% year-on-year. This week, the external ethylene market generally showed an upward trend. The market price of ethylene in Asia rose sharply. As of the 9th, CFR Northeast Asia closed at US $1356-1366 / ton and CFR Southeast Asia closed at US $1356-1366 / ton. European ethylene market prices rose sharply. As of the 9th, FD northwest Europe closed at US $1582-1592 / ton and CIF northwest Europe closed at US $1381-1390 / ton. The price of ethylene in the United States fluctuated slightly. As of the 9th, the price was 794-812 yuan / ton. The external ethylene market rose sharply this week, which was mainly affected by the sharp rise of upstream crude oil. The price rise was gratifying, and the rise of ethylene in Europe and Asia was relatively large.

Forecast of future trend of n-propanol

At present, the overall trading atmosphere of n-propanol market is mild, and the downstream demand is mainly on demand. The analysts of business agency n-propanol believe that the short-term domestic n-propanol market is mainly high-level consolidation and operation, and more attention needs to be paid to the specific changes of supply and demand.