According to the price monitoring data of business society, as of December 21, the average reference price of domestic n-propanol was 8866 yuan / ton. Compared with the price on December 1 (the reference average price of n-propanol was 9866 yuan / ton), the average price was reduced by 1000 yuan / ton, a decrease of 10.14%.

In early December, due to the poor performance of downstream demand, the transaction focus of domestic normal propanol continued to decline. Starting from the 2nd day of the month, suppliers of n-propanol in Shandong began to reduce the ex factory price of n-propanol by around 200 yuan / ton. The ex factory price of n-propanol in Shandong was around 8800-9000 yuan / ton. Subsequently, 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 a maximum decline of 2000 yuan / ton. After the continuous decline of price, The bearish mood on the floor did not decrease, and the downstream demand side did not significantly improve. From the 5th, the domestic n-propanol market started falling again. The confidence of the n-propanol industry was frustrated, and the quotation continued to decline. As of December 10, the average ex factory price of domestic n-propanol fell to 8833 yuan / ton. Compared with the beginning of the month, the average price decreased by 1033 yuan / ton. After the n-propanol market fell to a low point, the downstream replenished on bargain hunting, The transaction orders increased slightly, the price of n-propanol stabilized, and maintained a weak and stable operation. As of December 15, the ex factory price of domestic n-propanol was around 8300-9500 yuan / ton, a decrease of 10.47% in the first half of the month compared with the beginning of the month.

In late December, the domestic n-propanol market continued to be weak. The supply side of the venue was still tight, the inventory pressure was small, and the demand side maintained just in need of procurement. The overall trading atmosphere in the venue was general. The n-propanol market fluctuated little, and the price was adjusted in many ranges. Local dealers still had reservations about the price, and the price was not easy to monitor, resulting in differences in the specific negotiation situation, There are also differences in each region, mainly through negotiation. As of December 20, the ex factory price of n-propanol in Shandong is around 8300-8800 yuan / ton, and that in Nanjing is around 9000-9500 yuan / ton.

In terms of upstream ethylene, since December, the external ethylene market has fluctuated frequently, with an overall rise of 7.2%. On December 17, in the US ethylene market, FD US Gulf quoted us $768-786 / ton, up US $106 / ton. Recently, the US ethylene market has risen and the demand is general. On December 17, according to the European ethylene market, FD northwest Europe quoted us $1489-1494 / T, up US $92 / T, and CIF northwest Europe quoted us $1385-1394 / T, up US $71 / T. On December 17, according to the Asian ethylene market, CFR Northeast Asia quoted us $1051-1061 / ton, down US $5 / ton, and CFR Southeast Asia quoted us $1036-1046 / ton, down US $5 / ton.

Internationally, international oil prices fell on December 17. The settlement price of the main contract of us WTI crude oil futures was US $70.72/barrel, down US $1.66 or 2.29%, and the settlement price of the main contract of Brent crude oil futures was US $73.52/barrel, down US $1.50 or 2.0%. The main reason is the surge in cases of the mutant strain Omicron. The market is worried that the implementation of new restrictions may depress fuel demand and put pressure on oil prices.

Forecast of future trend of n-propanol

At present, the operating rate of some manufacturers in Nanjing is normal, the production operation is normal, and the relationship between supply and demand is generally maintained in a relatively balanced state. The market sales of n-propanol industry is general. As a solvent, the factory demand is relatively stable. The n-propanol industry analyst of the chemical branch of business society believes that the domestic n-propanol market has operated smoothly and fluctuated in a narrow range recently. In the later stage, pay attention to the cost of raw materials and the supply of goods.