According to the price monitoring data of business agency, as of April 21, 2022, the average reference price of domestic n-propanol was 8300 yuan / ton. Compared with April 16 (the average reference price of n-propanol was 8400 yuan / ton), the average price was reduced by 100 yuan / ton, a decrease of 1.19%.

It can be seen from the data monitoring chart of business society that the domestic n-propanol market was weak this week, and it operated steadily after falling. On the 18th of the week, the market price of n-propanol in Shandong fell slightly, and the ex factory price of n-propanol was reduced by about 100 yuan / ton. Then the market was weak, and the market was mainly sorted and operated. There was little change in the information on the site, and the downstream demand remained mainly for just needed procurement. On the 21st, some n-propanol suppliers in Shandong slightly reduced the price of n-propanol by about 100 yuan / ton. As of April 21, The domestic n-propanol market in Shandong is adjusted and operated in a narrow range. The price of n-propanol is around 7600-7900 yuan / ton. The domestic n-propanol market in Nanjing is stable temporarily, and the 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, entering this week, the overall external ethylene market showed a slight downward trend. On April 20, the ethylene market in Asia, CFR Northeast Asia quoted us $1306-1316 / ton and CFR Southeast Asia quoted us $1356-1366 / ton. The price of international crude oil futures fell slightly and the market was mixed. On the one hand, the market was still worried about future economic growth and oil demand; On the other hand, the future supply tightening trend is expected to play a role, and the oil price is in a stalemate. On April 20, the settlement price of the main contract of WTI crude oil futures in the United States was US $102.19/barrel, down US $0.75 or 0.75%; The settlement price of the main contract of Brent crude oil futures was US $106.80/barrel, down US $0.45 or 0.42%. 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 the n-propanol market is relatively stable, and the downstream demand continues to be just in need of purchase. The analysts of the business agency n-propanol believe that in the short term, the domestic n-propanol market is mainly adjusted and operated in multiple ranges, and more attention needs to be paid to the specific changes in supply and demand.