According to the price monitoring data of business society, as of December 2, the average reference price of domestic n-propanol was 9200 yuan / ton. Compared with the price on November 28 (the average reference price of n-propanol was 10100 yuan / ton), the average price was reduced by 900 yuan / ton, a decrease of 8.91%.

This week, the domestic n-propanol market continued to decline, and the focus of on-site transactions continued to run downward. As of December 2, the decline in the week was 8.91%. At the beginning of the week, affected by the weak demand side, some n-propanol suppliers in Shandong began to reduce the ex factory price of n-propanol. On the 29th, the ex factory price of n-propanol in Shandong was around 9100-9300 yuan / ton, which was about 100 yuan / ton lower than the previous working day. After the price was reduced slightly, the downstream demand did not increase significantly. In the middle of the week, the market trend of n-propanol in Shandong continued to explore, On the 1st, the ex factory price of n-propanol in Shandong was around 8800-9000 yuan / ton, and the price was reduced by 200 yuan / ton. After the continuous decline of the price, the bearish mood in the market increased. On the 2nd, the market price of n-propanol in Nanjing also fell sharply. The ex factory price of n-propanol in Nanjing was 9000-10000 yuan / ton, with the largest decline of 2000 yuan / ton this week. At present, as of December 2, the reference average price of domestic n-propanol was 9200 yuan / ton, down 8.91% during the week. The downstream demand is still calm, the overall market trading atmosphere is general, and the wait-and-see mood is heavy.

In terms of upstream ethylene, the overall external ethylene market showed a downward trend this week. On December 1, in the US ethylene market, FD US Gulf quoted us $658-675 / T, down US $45 / T. recently, the US ethylene market fell and the demand was general. On December 1, according to the European ethylene market, FD northwest Europe quoted us $1221-1232 / T, down US $4 / T, and CIF northwest Europe quoted us $1154-1163 / T, up US $1 / T. On December 1, according to the Asian ethylene market, CFR Northeast Asia quoted us $1096-1106 / T, down US $20 / T, and CFR Southeast Asia quoted us $1041-1051 / T.

Forecast of future trend of n-propanol

At present, the price of the domestic n-propanol market has fallen to a low level after continuous decline this week. Therefore, the analysts of the business society think that in the short term, the domestic n-propanol market will adjust and operate in a narrow range, and the market continues to fall sharply, with limited space. More attention needs to be paid to the specific changes in supply and demand.