In the beginning of September, the market of n-propanol was stable

Since the beginning of September, the overall domestic n-propanol market has been mainly stable, and the n-propanol manufacturers mainly supply contract users, and the downstream demand has remained stable. At present, the ex factory price of n-propanol bulk water is around 10600-11000 yuan / ton, the low-end bulk water price is 10000 yuan / ton, and the packaging price is around 11300-11600 yuan / ton. Nanjing area: the ex factory quotation of n-propanol bulk water of Nanjing Rongxin Chemical Co., Ltd. is 10500 yuan / T; that of Nanjing NOAO new material is 10600 yuan / T. At present, the overall news of the market is calm.

According to the price monitoring data of business agency, as of September 7, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11733 yuan / ton, which was basically flat compared with the price on September 1; compared with the price on August 1, the average price was reduced by 170 yuan / ton, a decrease of 1.40%.

In terms of raw materials, the overall external market of ethylene has risen slightly since September. On the 4th, the price of ethylene market in Europe was US $693-704 / T in FD northwest Europe and US $678-689 / T in CIF northwest Europe, down US $2 / T. the market demand in the near future is general. For the Asian ethylene market, CFR Northeast Asia quoted 770-780 USD / T, CFR Southeast Asia quoted 725-735 USD / T. In recent years, the price of ethylene in Asia is mainly rising, and the demand is fair. In the US ethylene market, FD US Gulf quoted 577.5-589.5 US dollars / ton. The recent US ethylene market is mainly stable and the demand is fair.

Crude oil prices fell below US $39 / barrel in the early trading of last week. Several of the reasons for the decline have to do with demand, or rather a persistent lack of demand. The reason for Saudi Arabia’s cut in oil prices is the lack of purchasing volume, and the “driving” season in the United States is over, and oil consumption is likely to decrease in the next few weeks. In the long run, Russia believes that demand will not recover in three years. These factors may cause OPEC’s oil price expectation to remain below $50 / barrel.

Stable demand for raw materials to support the overall market preference

At present, the price of the second-class propanol in the lower reaches of Shandong Province is more stable than that in the downstream market. The current market situation of ethylene, the raw material of n-propanol, is rising, which supports the cost of n-propanol. It is expected that the overall market preference of n-propanol in the near future is expected.