According to the price monitoring data of the business agency, as of November 6, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11533 yuan / ton, which was 267 yuan / ton or 2.37% higher than that on November 1 (with an average price of 11266 yuan); on October 1 (the average price was 11366 yuan), the average price was increased by 167 yuan / ton, or 1.47%.
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Since November, the domestic n-propanol market has been operating steadily. Until the 6th, the domestic market of n-propanol rose slightly. Driven by Shandong and Nanjing, the ex factory price of n-propanol generally rose by 200-300 yuan / ton. In Shandong, the ex factory price of n-propanol (bulk water) was around 10600-11000 yuan / ton, and that of n-propanol (including package) was 11500-11800 yuan Nanjing area: the ex factory price of n-propanol (bulk water) is around 10300-10800 yuan tons. At present, the downstream just needs to purchase, and this price is slightly upward or mainly due to the support of the upstream industrial chain propylene market for several days. At present, the business has a good mentality and the inventory level is normal. As of the 6th, the reference average price of domestic n-propanol with packaging in mainstream areas was around 11533 yuan / ton, which was 267 yuan / ton or 2.37% higher than that on November 1 (the average price was 11266 yuan).
In terms of raw materials, the recent external ethylene market overall showed a downward trend. Asian ethylene market prices fell, with CFR Northeast Asia closing at $740-750 / T and CFR Southeast Asia closing at $730-740 / T as of the 5th. The European ethylene market price fell slightly. As of the 5th, the European ethylene market price was FD, which closed at 692-703 US dollars / ton in northwest Europe and 678-687 US dollars / ton in CIF northwest Europe. Ethylene prices in the U.S. fell to 385-397 US dollars / ton as of the 5th. The ethylene market in Europe and the United States declined slightly in early November. Generally speaking, the trading atmosphere of the whole ethylene market was general, and the market continued to decline.
Internationally, on November 5, the U.S. WTI crude oil futures market price fell, with the settlement price of the main contract at $38.79/barrel, down $0.36. Brent crude oil futures market prices fell, with the main contract settlement price of $40.93/barrel, down $0.30. Oil prices fell slightly, mainly due to the market focus returning to the epidemic concerns and the impact of the resulting economic slowdown on fuel demand.
Demand for fixed n-propanol after the market is more stable, the rise and fall will be limited
In the short term, affected by the relatively fixed downstream demand, the domestic n-propanol market will enter a stable trend in the future, with a stable overall mentality, and the subsequent ups and downs will be limited. In the long run, the consumption of low toxic n-propanol will continue to grow in recent years, driven by the development of downstream coatings, spray painting, ink, adhesives and other industries, and under the situation of stricter national environmental protection policies. The application advantages of n-propanol will be more obvious. With the continuous improvement of environmental protection requirements of coating industry in the future, n-propanol is expected to become the most important solvent in the coating field, and the market development prospect is bright.
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