According to the price monitoring data of business agency, as of March 24, 2022, the average reference price of domestic n-propanol was 8733 yuan / ton. Compared with March 1 (the average reference price of n-propanol was 8166 yuan / ton), the average price increased by 567 yuan / ton, or 6.94%.

It can be seen from the data monitoring chart of business agency that since March, the domestic n-propanol market has shown a trend of rising first and then falling slightly. Compared with the beginning of the month, the overall increase of n-propanol market in March is still close to 7%.

In early March, with the advent of the traditional peak season, the downstream demand gradually recovered, the demand side support for n-propanol improved, and the market atmosphere was driven by the sharp rise in international crude oil prices. In addition, in terms of raw materials, the gradual rise of ethylene market gave n-propanol cost support increased. Shandong n-propanol factories and n-propanol suppliers raised the price of n-propanol one after another. On March 4, the market price of alcohol in Shandong was around 7600-8200 yuan / ton, Within four days, the increase refers to 400-600 yuan / ton. Subsequently, the market of n-propanol continued to be strengthened by the cost support, and the market price of n-propanol continued to rise to the high end. As of March 15, the market price of n-propanol in Shandong was around 8400-8900 yuan / ton, the ex factory price of n-propanol in Nanjing was around 9000-9500 yuan / ton, and the increase of n-propanol in early March was 11.43%.

In late March, the domestic n-propanol market fell. Under the high price, the downstream demand for n-propanol weakened, the on-site wait-and-see mood increased, and the transaction was cautious. In addition, the raw material ethylene market also weakened, and the cost support was loose. From the 19th, the n-propanol market in Shandong Province showed a high downward trend, and the n-propanol market price in Shandong Province continued to decline. As of March 24, The market price of n-propanol in Shandong is around 8100-8600 yuan / ton, with a reduction range of 200-300 yuan / ton. In late March, n-propanol decreased by 4%. 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.

Ethylene market fluctuated in the US dollar on March 23, while ethylene market in the US dollar rose in the upper reaches of the US dollar on March 24, while the US dollar rose in the US dollar. So far, ethylene market has risen in the US dollar on March 23. Ethylene market in Asia, CFR Northeast Asia quotation is US $1346-1356 / ton, and CFR Southeast Asia quotation is US $1346-1356 / ton. According to the data of business agency, on March 23, the reference price of ethylene (outer disk) was 1511.75 US dollars / ton, an increase of 20.29% compared with March 1 (1256.75 US dollars / ton).

Forecast of future trend of n-propanol

At present, near the end of the month, the trading atmosphere of n-propanol market is general, and the downstream demand just needs to be purchased. The n-propanol data division of business society believes that in the short term, China’s domestic n-propanol market will mainly adjust the narrow range, and more attention needs to be paid to the news changes of supply and demand.