1、 Price trend

Since the beginning of January 2020, the price trend of n-propanol has been relatively stable, with a slight increase since the beginning of the year. According to the data of business agency, at the beginning of the year, the average price of n-propanol was 10600 yuan / ton, and the current average price of n-propanol was 10800 yuan / ton, an increase of 1.89%. At present, the domestic ex factory price is 10500-10800 yuan / ton in barrels (Zibo region), the market price of imported n-propanol is 10800-11600 yuan / ton in barrels (Taiwan), the low-end of bulk n-propanol, and the price difference is about 1000-1100 yuan / ton.

2、 Market analysis

Product: at present, the market of n-propanol is affected by the current environment, logistics and other factors. The market operating rate is low, the transportation aspect fails to fully recover, the market is not available, and the transaction atmosphere is cold. The current inventory of n-propanol in Zibo, Shandong Province is low, and some enterprises are in short supply. At present, the ex factory quotation of n-propanol in fengcang Chemical Co., Ltd. in Shandong Province is 10500 yuan / ton in barrels (Shan East Zibo), it is difficult to transport n-propanol to the whole country due to the logistics restrictions in Nanjing, Jiangsu Province, so it can only be sold in the surrounding areas.

Industry chain: the domestic market of upstream product propylene continued to be weak this week, the terminal demand recovered slowly, the operating rate of propylene and downstream units continued to decline, a small amount of downstream demand chose low procurement, and the overall market trading atmosphere was weak. As of February 13, the market price of propylene in Shandong has increased or decreased. During the Spring Festival, the international crude oil market continued to decline sharply, and the domestic propylene price also fell for many times. Since February, the price of propylene in Shandong Province has been declining all the way. On November 11, the price of some enterprises recovered slightly and then declined. Today, the price has fluctuated. At present, the market turnover is about 5750-6200 yuan / ton, and the mainstream price is 5900-6000 yuan / ton. There are many units in the upstream and downstream industries that have been shut down for maintenance, and the operating rate is still low; however, affected by the epidemic situation, some refineries ship at low price under the inventory pressure, and the market transaction is rare, the market is cold, and the wait-and-see is the main thing. It is expected that the market price of propylene will start to fluctuate in recent days.

Industry: n-propanol industry is in the downstream of chemical industry, mainly used as solvent, a small amount of which is also used to synthesize n-Propyl Acetate. N-propanol is also used as bactericide, pesticide and pharmaceutical raw materials, perfume raw materials, erythromycin, bromopropane, nipagin propyl ester, paint, ink, n-Propyl Acetate, etc. of fuel oil, with a wide range of uses. The price of n-propanol is not easy to monitor, and the dealers still have reservations about the price, which may lead to differences in the specific negotiations, and there are differences in each region.

3、 Future forecast

According to the analysts of zhengpropanol of the business agency: due to the actual effect of the recovery of logistics and transportation in many places, it is expected that the market situation of zhengpropanol will not change much next week. With the improvement of logistics and the overall environment, the market trading atmosphere will also pick up. How to continue the market trend still needs to wait and see the change of raw material price and the delivery of zhengpropanol.