Lower profit to win more orders, high price of n-propanol decreased
| PVA |
From the beginning of September to this week, the overall market of n-propanol in China was stable. Until September 11, the suppliers of n-propanol (including packaging) in Shanghai lowered the price of n-propanol (including packaging). This reduction was mainly from high-end suppliers in the early stage, with a reduction range of 500-700 yuan / T. the main reason for the reduction was the current high inventory level and the lower enthusiasm of replenishment before the festival, which stimulated shipment and reduced sales.
According to the price monitoring data of the business agency, as of September 11, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11500 yuan / ton, which was 233 yuan / ton lower than that on September 1, with a decrease of 1.99%; compared with August 1, the average price was reduced by 400 yuan / ton, or 3.36%.
At present, the overall demand of n-propanol market is not obvious before the festival, which is still dominated by early contract users, and the demand is relatively stable. Shandong: the mainstream quotation of n-propanol bulk water is adjusted in a narrow range around 10500-10600 yuan / ton. This week, the price of low-end bulk water is 10000 yuan / ton, including the price of packaging is around 11300-11500 yuan / ton, and the price of high-end including packaging is 11600 yuan / ton this week. Nanjing area: the ex factory quotation of n-propanol bulk water of Nanjing Rongxin Chemical Co., Ltd. was 10500 yuan / T, which was 500 yuan / t lower than that at the end of August, and the current market is stable; the ex factory quotation of n-propanol bulk water of Nanjing NOAO new material is 10600 yuan / T, 200 yuan / t lower than that of the end of August, and the current market is stable.
| PVA 1799 (PVA BF17) |
In terms of raw materials, ethylene is on the rise in the near future. According to the monitoring data of the business agency, the external price of ethylene has increased recently. The average price of ethylene in one day is 698.00 US dollars / ton, and the price on the 10th day is 728 US dollars / ton, up 4.3%. As of the 10th, Asian ethylene market prices rose, CFR Northeast Asia quoted 780-790 USD / T, CFR Southeast Asia quoted 735-745 USD / T. The European ethylene market price rose, with the European ethylene market price of FD, northwest Europe closing at 691-702 US dollars / ton, CIF northwest Europe closing at 681-692 US dollars / ton. The price of ethylene in the United States is 548-559 US dollars / ton. Generally speaking, the ethylene market in Europe and America is on the upward trend, and the overall ethylene market demand is good, and the market continues to rise.
Internationally, on the 10th, the price of WTI crude oil futures market in the United States fell, with the settlement price of main contracts at US $38.05/barrel, down US $0.75. Brent crude oil futures market prices fell, with the settlement price of main contracts at $40.79/barrel, down $0.73. Affected by the price of upstream crude oil, ethylene market may fall mainly in the later period.
Under the support of raw materials, the trend of n-propanol is expected to be stable and small
At present, the supply and demand side of the domestic n-propanol market is basically normal. The main domestic n-propanol manufacturers supply more contract users. The high level of raw materials gives the cost pressure, and the market of n-propanol is relatively small. In addition, the double festival is coming, and the stock tide before the festival may come. Therefore, it is expected that the domestic n-propanol market will be stable in the short term, supplemented by narrow adjustment, and the trend will be stable.
| PVA 1788 (PVA BP17) |