According to the price monitoring data of business association, as of February 19, the average reference price of domestic n-propanol containing packaging in mainstream areas was around 10700 yuan / ton, which was 166 yuan / ton lower than that on February 1, 2021 (reference price 10866 yuan / ton), a decrease of 1.53%; compared with that on January 1, the average price was 1100 yuan / ton lower, a decrease of 9.32%.
Weak before the festival and stable after the festival
Since 2021, the domestic industrial n-propanol market has been falling all the way, and before the Spring Festival, the domestic n-propanol market has again declined slightly by 200-300 yuan / ton. After the end of the holiday, on the 18th, the factory quotation of n-propanol given by the manufacturers of n-propanol in Nanjing and the secondary market of n-propanol in Shandong was basically the same as that before the Spring Festival. The current inventory of the factory was normal, and the supply began to develop. As of February 19, the factory quotation of n-propanol bulk water in Shandong Province is around 9600-10200 yuan / ton, which is basically the same as that before the Spring Festival, and the price including packaging is around 10500-11100 yuan / ton, which is the same as that before the Spring Festival. The reference factory price of n-propanol in Nanjing is 9500-10000 yuan / ton, which is the same as that before the Spring Festival.
In terms of raw materials, the external price of ethylene rose recently, reaching US $970.75/t on February 8 and US $1003.25/t on February 19, up 3.35%. The current price has dropped by 4.95% on a month on month basis, and the current price has increased by 25.13% on a year-on-year basis. As of the 18th, Asian ethylene market prices rose slightly, with CFR Northeast Asia closing at US $852-860 / T and CFR Southeast Asia closing at US $827-835 / T. The price of ethylene market in Europe increased greatly, with FD closing at US $1164-1177 / T in northwest Europe and CIF closing at US $1150-1161 / T in northwest Europe. The price of ethylene in the United States has soared, ranging from US $914 to US $926 per ton. Recently, the ethylene market in Europe, the United States and Asia has shown a rising trend. Generally speaking, during the Spring Festival holiday, the whole ethylene market has been rising, with a warm trading atmosphere and positive transactions.
Internationally, on February 18, the price of WTI crude oil futures market in the United States fell, with the settlement price of the main contract at US $60.53/barrel, down US $0.61. Brent crude oil futures market prices fell, settlement price rose, settlement price of the main contract at 63.93 U.S. dollars / barrel, down 0.59 U.S. dollars. On Thursday, oil prices rose. Brent once rose above US $65, and then the market high fell, mainly due to the impact of investment profit taking. Previously, due to the extremely cold weather in the United States, the decline of production capacity and the increase of demand have driven oil prices to rise for several days. Despite the sharp reduction of US crude oil inventory, the market is still uneasy about the current virtual high oil price, and the high selling has led to the decline of oil prices.
After the gradual return of the market, there may be a slight correction
After the festival, the n-propanol market has just returned, and the downstream demand has gradually recovered. At present, the market inventory is normal, and the factories supply more qualified users, so the sales pressure is small. As a result, business community propanol data analysts believe that after a short-term consolidation of propanol after the festival, after the gradual release of downstream demand, propanol market may usher in a steady correction.
| Thiourea |