Price Trend

According to the monitoring data of business associations, as of September 10, 2019, the domestic market price of n-propanol had stabilized after a slight decline. The latest monitoring data of domestic n-propanol price showed that on September 11, 2019, the average price of domestic n-propanol was around 10,800 yuan/ton, which was the same as that on September 10. Compared with September 1, it dropped by about 200 yuan/ton, or 1.82%.

II. Market Analysis

Products: Since the beginning of September, the prices of n-propanol in the domestic market are different and the price difference is large, but the price fluctuation is not large. After a small number of distributors of n-propanol lowered their quotation at the beginning of this month, the domestic n-propanol has maintained a stable operation in general. On September 11, the price of n-propanol from scattered water storage in Jiangsu, Zhejiang and Shanghai areas was 8900-9200 yuan/ton, Dalian, Taiwan. The barreled price ranges from 10,100 to 11,600 yuan/ton. The average price of barreled n-propanol in Taiwan is around 11,000 yuan per ton. Shandong Fengcang Chemical Co., Ltd., September 11, n-propanol (content (%): 99.5); grade: superior;) market quotation is 10500 yuan/ton, which is the same as September 10, and 300 yuan/ton lower than September 1; Zhangjiagang Free Trade Zone Yexing Chemical Trading Co., Ltd., September 11, n-propanol (content (%): 99.5; grade: superior;) market quotation For 10,100 yuan/ton, the same as September 10, the same as September 1; Ningbo Haorui Supply Chain Management Co., Ltd., September 11, n-propanol (content (%): 99.5; grade: superior;) market quotation is 10,500 yuan/ton, the same as September 10, 300 yuan/ton lower than September 1; in view of the reservations of dealers on price, the price is not easy to monitor. Measurements may lead to specific negotiations or discrepancies, and there are differences in each region, with actual negotiations being the main one. The plant of Nanjing Rongxin Chemical Co., Ltd. is running normally, and the price of n-propanol is 9200 yuan/ton (bulk water) for normal delivery.

Industry chain: Starting in early September, propylene oxide market fell first and then rose. On September 2nd, the average price of propylene oxide was around 10166.67 yuan/ton, the atmosphere of profit was strong in the field, the factory actively shipped, the new orders downstream were insufficient to follow up. On September 4th, the average price of propylene oxide was around 1100 yuan/ton, the price fell to a low level, the downstream purchasing volume increased, the stock was quickly digested, and the market of propylene oxide stopped falling and rebounded with the downstream polycondensation. The demand for ether is increasing gradually. On September 6, the average price of propylene oxide was around 10,200 yuan/ton. The factory stock is low and the market turnover is stable. As of September 11, propylene oxide Market as a whole remained stable and slightly increased. Currently, the cash delivery price of Wanhua Chemicals Shandong mainstream market is 10 300 yuan/ton, up 100 yuan/ton from September 6. The cash delivery price in East China mainstream market is 10,600 yuan per ton, up 100 yuan per ton from September 6.

3. Future Market Forecast

According to the business association’s forecast, the price of n-propanol is expected to remain stable in late September, but considering the approaching National Day, the price of n-propanol is still likely to rise.