According to the price monitoring data of business agency, as of December 14, the average reference price of domestic n-propanol was 8833 yuan / ton, which was basically the same as that on December 10. Compared with the price on December 1 (the reference average price of n-propanol was 9866 yuan / ton), the average price was reduced by 1133 yuan / ton, a decrease of 10.47%.

Since the beginning of December, the domestic n-propanol market has been running down as a whole. Dragged down by insufficient demand, the confidence of n-propanol industry has decreased, and the quotation of n-propanol holders has been gradually reduced. As of December 10, the average ex factory price of domestic n-propanol has fallen to 8833 yuan / ton, 1033 yuan / ton lower than that at the beginning of the month, a decrease of 10.47% in the first ten days of the month. After the market of n-propanol fell to a low point, the downstream bargain hunting and replenishment, the transaction orders increased slightly, and the weakness of the demand side improved. Until this week, the domestic n-propanol market finally stopped falling and stabilized, the supply and demand side of the venue was calm, and the n-propanol market was opened for temporary stable consolidation and operation. As of December 14, the ex factory price of n-propanol in Shandong was around 8300-8800 yuan / ton, The ex factory price of low-end n-propanol in Nanjing is around 9000-9500 yuan / ton. At present, the supply side of n-propanol is mainly tight, the demand is mostly continuous, just need to purchase, and the trading atmosphere is acceptable. Local dealers still have reservations about the price. 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 December 13, in the US ethylene market, FD US Gulf quoted us $636-654 / ton, down US $16 / ton. Recently, the US ethylene market has been stable and the demand is general. On December 13, according to the European ethylene market, FD northwest Europe quoted us $1354-1363 / T, down US $4 / T, and CIF northwest Europe quoted us $1274-1282 / T, down US $6 / T. On December 13, Asian ethylene market, CFR Northeast Asia quoted us $1056-1066 / ton, and CFR Southeast Asia quoted us $1041-1051 / ton.

Internationally, on December 13, international oil prices closed lower. The settlement price of the main contract of us WTI crude oil futures was US $71.29/barrel, down US $0.38 or 0.53%, and the settlement price of the main contract of Brent crude oil futures was US $74.39/barrel, down US $0.76 or 1.01%. Oil prices fell on Monday, mainly due to market concerns about the negative impact of the mutant strain Omicron on the economy and dampening oil demand.

Forecast of future trend of n-propanol

At present, the performance of the supply and demand side of n-propanol is relatively stable. The analysts of the business society believe that in the short term, most of the domestic n-propanol market will continue to operate stably. It does not rule out that individual n-propanol suppliers adjust prices according to their own inventory range. More attention should be paid to the specific changes in supply and demand.