According to the price monitoring data of business agency, as of March 4, 2022, the average reference price of domestic n-propanol was 8600 yuan / ton. Compared with February 27 (the average reference price of n-propanol was 8083 yuan / ton), the average price increased by 517 yuan / ton, or 6.39%.

It can be seen from the data monitoring chart of business society that this week, the domestic n-propanol market showed an upward trend as a whole. Since the beginning of this week, the market situation of n-propanol in Shandong has also been running up slightly. Some n-propanol suppliers in the field have slightly increased the ex factory price of n-propanol by 50-100 yuan / ton. Near the weekend, with the gradual recovery of downstream demand, the demand side support has been strengthened, and the trading atmosphere in the field of n-propanol has improved, Positive suppliers of n-propanol factories have significantly increased the ex factory price of n-propanol by around 400-600 yuan / ton. As of March 4, the market price of n-propanol in Shandong is around 7600-8150 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, on March 3, according to the Asian ethylene market, CFR Northeast Asia quoted us $1246-1256 / ton, CFR Southeast Asia quoted us $1246-1256 / ton, and the international crude oil futures price fell. The US Iran nuclear negotiations have made some progress, and Iranian oil has returned to the international supply market, which has alleviated the tension of supply to a certain extent. On March 3, the settlement price of the main contract of WTI crude oil futures in the United States was US $107.67/barrel, down US $2.93 or 2.6%; The settlement price of the main contract of Brent crude oil futures was US $110.46/barrel, down US $2.47 or 2.2%. Affected by the decline of upstream crude oil price, the ethylene market in the later stage may mainly fall below.

Forecast of future trend of n-propanol

At present, the overall trading atmosphere of n-propanol market is warm, and the downstream demand has improved. The analysts of business agency n-propanol believe that in the short term, the domestic n-propanol market is mostly stable, medium and strong, and the specific changes in supply and demand need to be paid more attention to.