According to the price monitoring data of business club, as of January 6, the average reference average price of domestic n-propanol containing packaging in mainstream regions was around 11533 yuan / ton, which was 267 yuan / ton lower than that on December 31, 2020, with a decrease of 2.69%; compared with that on December 1, 2020, the average price was 200 yuan / ton higher, with an increase of 1.76%.

“Cold after the festival” is falling propanol Market

In January 2021, after the new year’s Day festival, the domestic n-propanol market fell. On the one hand, the external market price of raw material ethylene declined slightly recently, which weakened the support for n-propanol. On the other hand, after the end of early preparation, the downstream demand failed to follow up in time after the festival, and the demand weakened. Therefore, on the 4th, Shandong n-propanol factory lowered the ex factory quotation of n-propanol, and the ex factory price of loose water dropped The adjustment range is 400-500 yuan / ton, and the current ex factory quotation of n-propanol is 10500-10800 yuan / ton (loose water); the ex factory price including package is reduced by 600-700 yuan / ton, and the price including package is 11300-11700 yuan / ton (including package). Nanjing area: the n-propanol manufacturer Nanjing Rongxin Chemical Co., Ltd. is now in normal operation. The ex factory quotation of n-propanol is 10500 yuan / ton, which is stable compared with a week ago.

In terms of raw materials, in January 2020, the overall external market of ethylene declined slightly. On January 4, the reference price of ethylene was 1019.75 yuan / ton, down 0.42% compared with that on January 1 (1024.00 yuan / ton). On January 4, the price of ethylene in Asia was 990-1000 US dollars per ton in Northeast Asia and 925-935 US dollars per ton in Southeast Asia. In recent years, the price of ethylene in Asia mainly fluctuated slightly. On January 4, the European ethylene market, FD northwest Europe quoted 1059-1073 US dollars / ton, down 1 US dollar / ton, CIF northwest Europe quoted 1085-1097 US dollars / ton, down 2 US dollars / ton.

In terms of crude oil, on January 5, the price of WTI crude oil futures market in the United States rose sharply, with the settlement price of the main contract at US $49.93/barrel, up US $2.31 or 4.85%. Brent crude oil futures market prices rose sharply, the settlement price of the main contract was 53.60 US dollars / barrel, or 2.51 US dollars or 4.91%. International oil prices soared on Tuesday, with WTI and Brent crude oil up nearly 5%, mainly due to Saudi Arabia’s unexpected announcement that it will voluntarily reduce production in February and March, and other OPEC + member countries maintaining stable production.

It is expected that the short-term domestic n-propanol market will be limited and stable

At present, domestic n-propanol is mainly purchased on demand in the downstream, but before the Spring Festival, it is expected that there will be a round of goods preparation in the downstream. Therefore, the n-propanol Data Engineer of the business society believes that it is unlikely that the domestic n-propanol market will continue to decline in the near future. If the demand increases in the future, the market will be mainly strong. In the later stage, attention will be paid to the cost of raw materials and the supply of goods.