According to the price monitoring data of business agency, as of August 17, the reference average price of domestic n-propanol including packaging in mainstream areas was around 12200 yuan / ton. Compared with the price on August 1, the average price increased by 320 yuan / ton, or 2.80%.

Sales improved slightly in early August, and then stabilized after a small increase in the offer of n-propanol

In the first week of August, the overall high-level and narrow range operation of n-propanol market, the downstream demand improved compared with the end of July, and the shipment volume increased. On the 7th of the weekend, the n-propanol market went with the market, and the quotation of n-propanol bulk water in the secondary market in Shandong Province was slightly increased by 200-300 yuan / ton, and the overall market continued to operate stably.

In the second week, the overall performance of the domestic n-propanol market was stable, the inventory was low, the downstream demand was normal, the cost support was stable, the sales side of n-propanol market was calm, and the high-level quotations from factories and dealers were mainly stable. As of August 17, the bulk water price of n-propanol in Jiangsu, Zhejiang and Shanghai regions was around 10500-11000 yuan / ton; the packaging price of n-propanol in Shandong was around 11500-12500 yuan / ton, and some high-level quotations were 13000 yuan / ton (including packaging); the unit operation of n-propanol in Nanjing area was normal, and the ex factory bulk water price of n-propanol from Nanjing Rongxin Chemical Co., Ltd. was 11000 yuan / T. Dealers in different regions still have reservation on the price. It is not easy to monitor the price. As a result, the specific negotiation situation may be different. There are differences in each region. The actual negotiation is the main one. The future market needs to wait and see the change of raw material price and shipment.

In terms of raw materials, ethylene has shown a downward trend in the near future. Asian ethylene market prices fell, with CFR Northeast Asia closing at $755-765 per ton and CFR Southeast Asia closing at $695-705 per ton as of the 11th. The price of European ethylene market fell. As of the 11th, the price of European ethylene market was FD, which closed at 702-709 US dollars / ton in northwest Europe and 692-700 US dollars / ton in CIF northwest Europe. The price of ethylene in the United States rose. As of the 11th, the price was 385-403 US dollars / ton. Generally speaking, the Eurasian ethylene market was in a downward trend, while the US ethylene market had a large decline in the early stage, and now it is in a small rebound. The overall ethylene market demand is poor and the trading atmosphere is general.

Production status of n-propanol in China

In 2019, there are five n-propanol production enterprises in China, with a total capacity of about 220000 tons / year. Among the five manufacturers, except Zibo NOAO Chemical Co., Ltd., which has been shut down all year round, the other manufacturers are in normal production. Therefore, the actual domestic production capacity is about 160000 tons / year. The situation of each manufacturer is as follows:

It can be seen from the above table that the production capacity of n-propanol is relatively concentrated, with CR3 of 93%. Nanjing Nuo new materials account for 46% of the total capacity, Zibo NOAO 28%, Nanjing Rongxin chemical 19%, Changchun chemical and PetroChina Jinzhou Petrochemical Co., Ltd. the production capacity is relatively small. If considering the actual production capacity after Zibo NOAO has been shut down for many years, Nanjing nuo’ao and Nanjing Rongxin chemical are almost monopolized, and the two production capacities together account for 90% of the actual total capacity.

Stable demand for n-propanol and high stable operation in the future

The production and operation of n-propanol in China is normal, and the supply and demand relationship is generally maintained in a relatively balanced state. At present, n-propanol is relatively stable by downstream demand. Therefore, analysts of the n-propanol industry of the chemical branch of the business society believe that the domestic n-propanol market is mainly stable in the near future, the secondary market may adjust the price according to the factors such as inventory and sales volume, and pay attention to the cost of raw materials and the supply of goods in the later stage.