According to the price monitoring data of business agency, as of December 9, the average reference price of domestic n-propanol was 8900 yuan / ton. Compared with the price on December 5 (the average reference price of n-propanol was 9133 yuan / ton), the average price was reduced by 233 yuan / ton, a decrease of 2.55%.

This week, the domestic n-propanol market as a whole showed a downward trend, and the focus of on-site transactions continued to decline. The poor performance of the downstream demand side of n-propanol has always dragged down the market. Although there is little pressure on the spot of n-propanol in the field, the lack of demand has gradually crushed the confidence of n-propanol operators. This week, starting from the 7th of the week, the holders of n-propanol in Shandong continued to make small profits to ship, reducing the ex factory price of n-propanol by about 100-200 yuan / ton, The ex factory price of n-propanol in Shandong is around 8600-8900 yuan / ton. On August 8, the market price of n-propanol in Nanjing was also lowered again, with a reduction range of about 200-500 yuan / ton. The ex factory price of n-propanol in Nanjing was around 9000-9500 yuan / ton. Local dealers still have reservations about the price. The price is not easy to monitor, which may lead to differences in the specific negotiation situation. Each region also has differences. It is mainly based on actual single negotiation, and we will wait and see the change of raw material price and shipment in the future. At present, as of December 9, the ex factory price of domestic n-propanol is around 8600-9500 yuan / ton, and the average price is 8900 yuan / ton, with a decrease of 2.55% during the week. At present, the downstream demand just needs replenishment, the demand side is still generally boosted, and the n-propanol Market is weak.

In terms of upstream ethylene, this week, the external ethylene market fell first and then rose, with an overall increase of 2.11%. On December 8, in the US ethylene market, FD US Gulf quoted us $652-670 / T, down US $6 / T. recently, the US ethylene market fell and the demand was general. On December 8, according to the European ethylene market, FD northwest Europe quoted us $1361-1370 / T, up US $56 / T, and CIF northwest Europe quoted us $1286-1294 / T, up US $60 / T. On December 8, Asian ethylene market, CFR Northeast Asia quoted 1076-1086 US dollars / ton and CFR Southeast Asia quoted 1041-1051 US dollars / ton.

Internationally, international oil prices rose on December 8. The settlement price of the main contract of us WTI crude oil futures was US $72.36/barrel, up US $0.31 or 0.4%, and the settlement price of the main contract of Brent crude oil futures was US $75.82/barrel, up US $0.38 or 0.5%. People are gradually indifferent to the destructive effect of Omicron mutant strain on the economy, and the main tone of market warming remains unchanged for the time being. In addition, the US Energy Information Administration (EIA) reported on Wednesday that US crude oil inventories fell slightly last week, which benefited the oil market.

Forecast of future trend of n-propanol

At present, the supply of n-propanol is still supported. The downstream demand of n-propanol is mainly on demand, and the preparation and replenishment are still more cautious. The analysts of business society n-propanol believe that in the short term, the domestic n-propanol market mainly focuses on the weak consolidation and operation, and the sharp fluctuation of the market is limited. More attention should be paid to the specific changes in supply and demand.