According to the Commodity Market Analysis System of Shengyi Society, on November 1, 2024, the reference price of n-propanol in the domestic market was 8966 yuan/ton. On November 19 (reference price of n-propanol was 11300 yuan/ton), the price increased by 2334 yuan/ton, an increase of 26.02%.

From the Commodity Market Analysis System of Shengyi Society, it can be seen that from November to present (11.1-11.19), the domestic n-propanol market has experienced a “sharp rise” in the market. At the beginning of the month, the reference price of n-propanol in the market was around 9000 yuan/ton. With the increase of n-propanol shipment prices by major factories in Shandong, the n-propanol market trend began to rise with the pace of major factories. In the middle of the month, n-propanol broke the 10000 yuan mark, and then factories in Shandong and Nanjing continuously raised the price of n-propanol. The n-propanol market saw a broad rise, and the market center continued to climb to high levels, approaching the 11000 yuan mark. As of November 19th, the reference market price for n-propanol in Shandong region is around 10900-11500 yuan/ton, and the reference market price for n-propanol in Nanjing region is around 118000-12000 yuan/ton.

Analysis of Market Support Factors

In terms of supply: As we enter November, the overall production of n-propanol in China has decreased, and the supply of n-propanol in the market has decreased. Compared with the previous period, the overall market supply is tight, the supply pressure has eased, and spot circulation is tight. The supply side supports the continued upward operation of the market.

In terms of demand: The downstream demand side of n-propanol has performed well, and the demand side has improved, with smooth supply and demand transmission. N-propanol is mainly used for the production of n-propyl acetate, accounting for about 65% of the market demand. At present, the downstream production capacity of n-propyl acetate is continuously expanding, which has significantly boosted the demand for raw material n-propanol. Recently, the downstream n-propyl acetate market has been on the rise, and the destocking performance of n-propyl acetate is good. The growth in demand for n-propyl acetate has strongly driven the market demand for n-propanol.

Prediction of the future trend of n-propanol

At present, the trading atmosphere of n-propanol in the market is mild, and the mentality of industry players is good. As the market rises to a high point within the year, downstream users are slightly cautious and mainly purchase according to demand. However, the overall transmission balance between supply and demand in the market. The n-propanol data analyst of Business Society believes that in the short term, the domestic n-propanol market will mainly operate steadily at a high level, and specific changes in supply and demand news need to be closely monitored.