According to the price monitoring data of the business club, as of July 7, the average reference price of domestic n-propanol was 7700 yuan / ton, which was 200 yuan / ton lower than that on July 1, a decrease of 2.53%; Compared with the price on June 7, the average price decreased by 833 yuan / ton, or 9.77%.

In June, after the domestic n-propanol market continued to decline, it entered July. A few days before the beginning of the month, the domestic n-propanol market remained weak. On the 7th, the n-propanol market price in Shandong Province fluctuated downward, and the n-propanol plant in Shandong Province increased. The secondary market price of some n-propanol and the ex factory price of n-propanol decreased, ranging from 500 to 900 yuan / ton, The price of n-propanol is 7000-7600 yuan / ton. In Nanjing, Jiangsu Province, the market of n-propanol is stable. In Rongxin Chemical Co., Ltd., the production unit of n-propanol is running normally. The ex factory quotation of n-propanol is 8500 yuan / ton. At present, the factory’s shipment is normal, and the contract order has been given priority to. In the secondary market, the low-end quotation of some n-propanol fell below 7000 yuan / ton, and the price difference between the high and low market was large. Because dealers and traders had reservations about the price, it was difficult to monitor the commodity price. The specific price was actually negotiated, and the quotation of each region was also different, so the price was only for reference.

In terms of upstream ethylene, on July 6, the European ethylene market quoted 1153-1164 US dollars / ton for FD northwest Europe and 1061-1070 US dollars / ton for CIF northwest Europe. The international oil price fell sharply. The meeting was suspended by the organization of Petroleum Exporting Countries and its allies (OPEC +) because they were unable to reach an agreement on increasing supply, and the oil price rose sharply. However, the decline on Tuesday was mainly due to market concerns about the increase in production in some OPEC member countries and the expected warming of shale oil supply in the United States driven by high oil prices. On July 6, the settlement price of the main contract in the US WTI crude oil futures market was 73.37 US dollars / barrel, down 1.79 US dollars or 2.4%, while the settlement price of the main contract in the Brent crude oil futures market was 74.53 US dollars / barrel, down 1.64 US dollars or 2.2%. Affected by the drop in upstream crude oil prices, the ethylene market may fall mainly later.

Forecast of the future trend of propanol

At present, the new production plant of n-propanol in Shandong will continue to increase the supply of n-propanol in the short term. Therefore, the analysts of n-propanol in business cooperatives believe that the market of n-propanol may continue to decline after the increase of supply without a large-scale increase in demand.