According to the price monitoring data of business agency, as of March 16, 2022, the average reference price of domestic n-propanol was 9100 yuan / ton. Compared with March 13 (the average reference price of n-propanol was 8916 yuan / ton), the average price increased by 184 yuan / ton, or 2.06%, and compared with March 1 (the average reference price of n-propanol was 8633 yuan / ton), the average price increased by 467 yuan / ton, or 11.43%.

It can be seen from the data monitoring chart of business society that in March, the domestic n-propanol market continued to rise. This week, with the support of raw material cost, the market focus of n-propanol continued to operate upward, the downstream demand was normal, and the trading atmosphere was mild. On the 14th and 15th of the week, the market price of n-propanol in Shandong was adjusted upward by 200-300 yuan / ton, and then the market of n-propanol continued to consolidate at a high level. As of March 16, the market price of n-propanol in Shandong is around 8400-8900 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, since March, the overall market price of ethylene has shown an upward trend. As of March 15, the reference price of ethylene was US $1480.25/ton, up 17.78% compared with us $1256.75/ton on March 1. On March 15, according to the European ethylene market, FD northwest Europe quoted us $1737-1747 / ton, up US $10 / ton, and CIF northwest Europe quoted us $1487-1495 / ton, up US $4 / ton. On March 15, in the US ethylene market, FD US Gulf quoted us $636-653 / ton, down US $37 / ton. Recently, the US ethylene market fell and the demand was general. On March 15, according to the Asian ethylene market, CFR Northeast Asia quoted us $1296-1306 / ton, down US $50 / ton, and CFR Southeast Asia quoted us $1296-1306 / ton, down US $50 / ton.

Forecast of future trend of n-propanol

At present, the overall trading atmosphere of n-propanol market is good, and the raw materials still support the market in the short term. According to the analysts of business society, the domestic n-propanol market is mainly high and strong in the near future, and more attention needs to be paid to the specific changes in supply and demand.