According to the price monitoring data of business club, as of April 22, the average reference price of domestic n-propanol including packaging in mainstream regions was around 9333 yuan / ton, which was basically the same as that on April 16. Compared with that at the beginning of the month (the average price of n-propanol on April 1 was 11133 yuan / ton), the average price decreased by 1800 yuan / ton, or 16.17%.
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In the first ten days of April, the domestic n-propanol market maintained a stable operation. The trading atmosphere on the floor was cold, the downstream demand was indifferent, and the new orders were generally closed. In the middle of April, the n-propanol industry was under heavy pressure for many days, and the inventory accumulated, and the industry was in a low state of mind. On the 12th, the offer prices of n-propanol factories in Shandong and Jiangsu dropped significantly, and on the 16th, the prices of n-propanol factories in Shandong and Jiangsu dropped significantly, The ex factory price of n-propanol bulk water in Shandong Province has dropped to 8300-8800 yuan / ton, and the low-end price is 8100 yuan / ton, which is about 1500 yuan / ton lower than that at the beginning of this month; The factory price of n-propanol bulk water in Jiangsu Province is 8500-9000 yuan / ton, which is 1000 yuan / ton lower than that at the beginning of this month.
Demand boost is not obvious, propyl alcohol fell to maintain weak stable operation
Then this week, the domestic n-propanol market stopped falling and stabilized, maintaining a weak stable finishing operation. At present, the price of domestic n-propanol has basically reached the bottom, and it is unlikely that the market will go down sharply again. This week, some n-propanol manufacturers adjust their prices in a timely range according to their own inventory and downstream inquiry conditions, Individual traders have a small range of fluctuations in the price of n-propanol, and the adjustment has little impact on the overall market trend. The overall market of n-propanol has remained relatively weak and stable this week, and the lower reaches need to purchase more, so the response to low prices is still not very high.
In terms of raw materials, the overall external market of ethylene is on the rise recently. As of the 21st, the European ethylene market, FD northwest Europe quotation 1346-1357 U.S. dollars / ton, CIF northwest Europe quotation 1238-1247 U.S. dollars / ton; In the US ethylene market, FD US Gulf quoted us $1112-1124 per ton, down by US $182 per ton. Recently, the US ethylene market fell, with poor demand; In the Asian ethylene market, the recent Asian ethylene price is mainly stable, with CFR Northeast Asia offering us $1102-1110 / T and CFR Southeast Asia offering us $1047-1055 / T. On the whole, the external market of ethylene has been trading well in the near future, and the market is rising.
The price is basically at the bottom of the valley, the short-term adjustment of n-propanol is limited, and it will continue to be weak and stable
At present, the n-propanol market as a whole is weak and stable after the decline, but the overall turnover of the market is still normal. Although the inventory of the factory has decreased, the operators are still lack of confidence. The operating rate of the downstream factories of the terminal is low, and the sales resistance of the secondary traders is not reduced. At present, the price of n-propanol has basically reached the bottom, and there is little possibility of sinking again, The boost in demand is difficult to support the sharp rebound of n-propanol market. Therefore, the analysts of n-propanol business association believe that the market of n-propanol will maintain stable operation in the short term.
| PVA |