According to the price monitoring data of the business club, as of July 22, the average reference price of domestic n-propanol was 6950 yuan / ton, which was 50 yuan / ton higher than that on July 20, or 0.72%; Compared with the price on July 1, the average price decreased by 950 yuan / ton, or 12%.
Market downturn after a few days, the domestic propanol market rebounded slightly
At the beginning of July, the domestic n-propanol market continued to decline. The main reason for the decline of market price was that at the beginning of this month, a large factory in Shandong Province opened a new n-propanol production plant, and the ex factory quotation of n-propanol bulk water was 6100 yuan / ton. The large factory’s low price and the increase of n-propanol supply on the floor led to the decline of n-propanol suppliers on the floor, and the overall market was weak. Until the 20th, the factory price of n-propanol was slightly adjusted by 250 yuan / ton. At present, the factory price of n-propanol rose to 6250 yuan / ton. As of the 22nd, the market of n-propanol in Shandong has not kept up with the pace of large-scale rise, and the spot price of n-propanol continued to maintain the early quotation. In Nanjing area of Jiangsu Province, the ex factory price of n-propanol bulk water is stable at 8000-8500 yuan / ton. In Nanjing Rongxin Chemical Co., Ltd., the n-propanol production unit starts normally, and the ex factory quotation of n-propanol is 8500 yuan / ton. Because dealers and traders have reservations about the price, it is not easy to monitor the commodity price. The specific price is negotiated on a single basis. In addition, the quotation of each region is also different. The price is for reference only.
As for upstream ethylene, since July, the external market of ethylene has risen as a whole. According to the monitoring data of business news agency, on July 21, the price of FD American Gulf was 1045-1062 US dollars / ton in the US ethylene market. Recently, the US ethylene market is stable and the demand is poor. On July 21, the European ethylene market quotation, FD northwest Europe quotation 1160-1170 US dollars / ton, CIF northwest Europe quotation 1063-1071 US dollars / ton, up 3 US dollars / ton. On July 21, the Asian ethylene market quotation, CFR Northeast Asia quotation 1001-1011 US dollars / ton, CFR Southeast Asia quotation 966-976 US dollars / ton. Recently, ethylene prices in Asia are mainly stable. International oil prices rose sharply. Although the US commercial crude oil inventory increased for the first time in eight weeks, the market risk index preference improved and oil prices rebounded sharply.
Forecast of the future trend of propanol
At present, after the price increase of n-propanol in Shandong, it has played a positive supporting role in the overall market, and the shipping confidence of operators has increased. Therefore, the analysts of business society think that in the short term, the market situation of n-propanol may continue to rise slightly.
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