On March 4th, the market for n-propanol in Shandong Province surged, with a daily price increase of about 600 yuan/ton, a daily increase of 10.4%, and a three-day increase of 12.75%. Affected by the international situation, concerns about costs and potential supply disruptions have dominated the n-propanol market, coupled with factory reluctance to sell, resulting in a broad upward trend in the n-propanol market.

Analysis of Factors Influencing Market Trends
International Energy and Macro Situation: Implicit Driving of Price Upward
Currently, the global energy geopolitical situation remains complex, with a decline in shipping efficiency in key energy channels, driving up international energy and chemical logistics costs, and increasing market risk aversion to supply disruptions. The concern about supply risk has become an important implicit support for the n-propanol market.
Cost side support: Strong cost support for crude oil ethylene transmission
International crude oil is operating at a high level due to macroeconomic disturbances, driving up the cost of ethylene, a raw material for n-propanol. The current cost support is strong, and the profit margin of enterprises is significantly driven by raw material prices, becoming the core driving force for this round of price increases.
Supply and demand pattern: tight supply, downstream resumption of work resonance
On the supply side, the inventory of Shandong’s n-propanol market is at a medium low level, and imports are affected by the continuation of trade policies and the rise in international supply costs, resulting in limited import replenishment and a tight overall domestic supply pattern. On the demand side, downstream industries such as coatings, inks, and pharmaceutical intermediates are gradually resuming work after the holiday, and the replenishment of essential inventory is steadily released. Good supply and demand transmission further supports price strength.
Future prospects
In the short term, influenced by the international energy situation, the pattern of cost support and tight supply will continue, and the market situation is likely to remain strong; In the long run, it is necessary to pay more attention to factors such as on-site construction, raw material costs, and the sustainability of downstream demand.