According to the price monitoring data of the business agency, as of September 18, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11300 yuan / ton, which was 200 yuan / ton lower than that on September 13, a decrease of 1.74%; compared with September 1, the average price was reduced by 433 yuan / ton, or 3.69%.

This week, China’s domestic market for n-propanol went down, mainly due to the stagnation of domestic logistics during the double festival period. In order to stimulate the downstream pre holiday preparation, Nanjing n-propanol manufacturer lowered the ex factory price of n-propanol, and Nanjing Rongxin Chemical Co., Ltd. reduced the ex factory price of n-propanol to 10000 yuan / T, 500 yuan / T compared with last week. This has driven down the price of high-end packaged n-propanol suppliers. At present, the price difference between suppliers in the secondary market has narrowed, and the high-end price has moved down. The ex factory prices of n-propanol in different regions of the country have become more concentrated and closer. As of September 18, the delivery reference of n-propanol mainstream containing packaging is 11000-11300 yuan / ton, the rare high-end quotation is 11600 yuan / ton, and the delivery reference of main n-propanol bulk water is 10000-10600 yuan / ton. At present, the overall market of n-propanol is more stable.

In terms of raw materials, ethylene is on the rise in the near future. Asian ethylene market prices rose, as of the 17th, CFR Northeast Asia closed at $805-815 / T, CFR Southeast Asia closed at $755-765 / T. The European ethylene market price fluctuated and consolidated. As of the 17th, the European ethylene market price was FD, northwest Europe closed at 687-698 US dollars / ton, CIF northwest Europe closed at 673-685 US dollars / ton. Ethylene prices in the U.S. rose to $523-535 per ton as of the 17th. Generally speaking, the ethylene market in Europe and the United States is on an upward trend. The demand for ethylene in the whole market is good, and the market continues to rise.

Internationally, on September 16, the U.S. WTI crude oil futures market prices skyrocketed, with the settlement price of main contracts at $40.16/barrel, up $1.88 or 4.90%. Brent crude oil futures market prices rose sharply, the main contract settlement price to 42.22 US dollars / barrel, up 1.69 US dollars or 4.16%. The sharp rise in oil prices was mainly due to a sharp drop in US crude oil and gasoline stocks, and a combination of hurricanes forced a large amount of oil production in the United States. Crude oil soared, giving ethylene cost support, ethylene external market continued to rise.

The demand is normal and the raw material is stable after high level

At present, the downstream demand of n-propanol is stable, and the transmission surface of supply and demand is basically normal. In addition, the high support of raw materials and the small amount of stock before the festival, it is expected that the market of n-propanol in the short term is less likely to go down, and the overall trend is strong and stable.