Price Trend
According to the monitoring data of business associations, the quotation of domestic n-propanol distributors fell slightly this week. According to the quotation of domestic n-propanol distributors in Shandong and other mainstream areas, as of August 22, the price of domestic n-propanol distributors with packaging was around 10,933 yuan/ton, which was 67 yuan lower than the average price on August 14, down-0.61%.
| PVA 1799 (PVA BF17) |
II. Market Analysis
Product: Beginning this week (August 19), the domestic n-propanol market quotation began to decline slightly. The price quoted by the n-propanol distributor in Zibo, Shandong Province, was around 10,600 yuan/ton (including tax and packaging), down 200 yuan/ton from the previous week. Taiwan’s importers of n-propanol (including packaging) quoted prices near 10,100-11,400 yuan per ton, down about 100 yuan per ton from the previous week. Nanjing Rongxin Chemical Co., Ltd., a domestic n-propanol manufacturer, accepts the discharging price of water purification near 8900 yuan/ton.
| PVA 1788 (PVA BP17) |
Industry Chain: This week, the price of propylene oxide market has risen, the price of mainstream factories has been firm, the quotation has been raised mainly, the market intention is obvious, the supply tension has eased slightly, the short-term market is mainly consolidation, the cash delivery price of Shandong mainstream market of Wanhua Chemistry is 10 850 yuan/ton on 22nd, and the cash delivery price of East China mainstream market is 11.1 yuan/ton. 50 yuan per ton, Shandong and East China market prices were raised by about 100 yuan per ton compared with last week.
3. Future Market Forecast
In the short term, the price of n-propanol market fluctuates slightly. Affected by the environment and other factors, the price of n-propanol may be slightly loosened again.
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