According to the price monitoring data of business society, as of September 10, the average reference price of domestic n-propanol was 8033 yuan / ton. Compared with the price on September 5 (the reference average price of n-propanol was 7750 yuan / ton), the average price increased by 283 yuan / ton, an increase of 3.66%. Compared with the price on August 1 (the reference average price of n-propanol was 7100 yuan / ton), the average price increased by 967 yuan / ton, an increase of 13.15%.
At the beginning of July, a new n-propanol plant was opened in Shandong large factory, and the ex factory quotation of n-propanol was low. Subsequently, the factory quotation of n-propanol increased steadily. In September, at the beginning of the month, the low-end quotation of propanol in Shandong increased greatly, and then the spot dealers and dealers followed suit, but some high-end quotations were concussed and lowered at the end of last week.
This week, the newly opened n-propanol plant in Shandong operates normally, the low-end price of n-propanol plant continues to rise, and the secondary market price also rises one after another. At present, the high and low price difference of n-propanol market in Shandong continues to shrink, and the ex factory quotation of n-propanol is around 7800-8000 yuan / ton (apron). In Nanjing, Jiangsu Province, the market trend of n-propanol is stable. The production unit of n-propanol in Nanjing Rongxin Chemical Co., Ltd. operates normally, and the ex factory price of n-propanol is 8500 yuan / ton. According to the monitoring data of business agency, the average price of domestic n-propanol was 8033 yuan / ton at the weekend, an overall increase of 3.66% during the week compared with the beginning of the week.
N-propanol is a widely used chemical product. In China, n-propanol is mainly used to produce n-Propyl Acetate, and the demand in this field accounts for about 65%. N-Propyl Acetate is widely used in food packaging production and as a printing ink solvent for food packaging. N-Propyl Acetate is also an important component of lithium battery electrolyte for new energy vehicles. At present, the market situation of n-Propyl Acetate in Shandong is relatively stable. The market quotation of n-Propyl Acetate in Shandong is 9300-9600 yuan / ton, and some low-end quotations are 9000 yuan / ton.
In terms of upstream ethylene, this week, the overall external ethylene market showed a volatile upward trend. On September 8, the Asian ethylene market quoted CFR Northeast Asia at USD 1061-1071 / ton and CFR Southeast Asia at USD 1041-1051 / ton. European ethylene market, FD northwest Europe quoted us $1212-1222 / ton, CIF northwest Europe quoted us $1125-1134 / ton, down US $3 / ton. In the US ethylene market, FD US Gulf quoted us $850-866 / T, down US $66 / T. recently, the US ethylene market fell and the demand was general.
Internationally, on September 8, the international oil price rose. The settlement price of the main contract of WTI crude oil futures in the United States was 68.35, up US $0.94 or 1.4%, and the settlement price of the main contract of Brent crude oil futures was US $71.69/barrel, up US $0.53 or 0.70%. The rebound in oil prices was mainly due to the slow recovery of oil production in the US Gulf of Mexico and the increase in global energy demand in the monthly report of the US Energy Information Administration (EIA).
Forecast of future trend of n-propanol
At present, the demand side of n-propanol is normal, and the domestic n-propanol factories are under normal operation. According to the analysts of business society, the domestic n-propanol market trend in the short term will mainly focus on the stable consolidation and operation, and more attention needs to be paid to the specific changes in the supply and demand side.