According to the price monitoring data of Business Society, as of November 8, 2023, the reference price of domestic n-propanol was 7700 yuan/ton. Compared with November 5, 2023 (reference price of n-propanol was 7766 yuan/ton), the price was reduced by 66 yuan/ton, a decrease of 0.86%.

From the data monitoring chart of the Business Society, it can be seen that as we enter this week (11.5-11.8), the domestic n-propanol market as a whole has slightly declined, with a calm trading atmosphere on the n-propanol market. Downstream, we need to continue to focus on just demand procurement. In the Shandong region, the price of n-propanol in Shandong factories has been slightly reduced by 100 yuan/ton, and some n-propanol suppliers have followed the footsteps of large factories to lower the shipping price of n-propanol, with a decrease of about 150-100 yuan/ton. As of November 8th, the domestic market price of n-propanol in Shandong region is based on around 7000-7800 yuan/ton. The normal operation of n-propanol units in the Nanjing area, and the overall stable operation of the n-propanol market, with a reference price of around 8500-9000 yuan/ton for the n-propanol market. Distributors in different regions still have reservations about prices, and the difficulty in monitoring prices may lead to differences in specific negotiation situations. Each region also has differences, and actual negotiations are the main focus.

Prediction of the Future Market Trend of n-propanol

At present, the overall supply and demand information of the domestic n-propanol market is relatively calm, and the transmission of supply and demand is slightly slow. The support provided by the demand side to the market is average. The business company’s n-propanol data analyst predicts that in the short term, the domestic n-propanol market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to the changes in supply and demand information.

Recent price trends of tetrahydrofuran

According to the Commodity Analysis System of Business Society, the price of tetrahydrofuran in the domestic market decreased slightly this week. This week, the average price of tetrahydrofuran in the mainstream domestic market dropped from 13075.00 yuan/ton at the beginning of the week to 12950.00 yuan/ton at the weekend, a decrease of 0.96%. The weekend price fell by 27.14% year-on-year.

Insufficient upstream support, average downstream demand

From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors have slightly decreased this week, with average inventory levels.

From the upstream raw material market of tetrahydrofuran, the 1,4-butanediol market has slightly declined this week, with prices dropping from 10157.14 yuan/ton at the beginning of the week to 10014.29 yuan/ton at the weekend, a decrease of 1.41%, and a year-on-year decrease of 27.17% over the weekend. The market situation of maleic anhydride has significantly declined this week, with prices dropping from 7470.00 yuan/ton at the beginning of the week to 7032.00 yuan/ton at the end of the week, a decrease of 5.86%, and a year-on-year decrease of 4.72% at the end of the week. Overall, the upstream raw material market prices have significantly declined, with insufficient cost support. Affected by the supply and demand side, it has a negative impact on the price of tetrahydrofuran.

From the downstream market of tetrahydrofuran, the price of spandex in the market has slightly decreased this week. The price of spandex decreased from 34250.00 yuan/ton at the beginning of the week to 33750.00 yuan/ton at the weekend, a decrease of 1.46%, and the weekend price decreased by 11.18% year-on-year. Downstream spandex market prices have slightly declined, and downstream customers have been less proactive in purchasing tetrahydrofuran.

Future prospects

In mid November, the domestic tetrahydrofuran market may experience slight fluctuations and declines. The upstream 1,4-butanediol and maleic anhydride markets have significantly declined, with insufficient cost support. Downstream spandex market slightly declined, and downstream demand weakened. Business Society tetrahydrofuran analysts believe that in the short term, the domestic tetrahydrofuran market may experience minor fluctuations and declines due to various factors such as supply and demand and raw materials.

Recent trends in sulfuric acid prices

According to the Commodity Market Analysis System of the Business Society, the domestic sulfuric acid market price has temporarily stabilized this week, with a sulfuric acid price of 258.00 yuan/ton. Over the weekend, the price decreased by 36.76% year-on-year.

Upstream market slightly rises, while downstream procurement enthusiasm weakens

From the supply side perspective, the prices of mainstream domestic sulfuric acid manufacturers have temporarily stabilized this week, with average inventory levels among manufacturers.

From the perspective of the upstream and downstream industry chains, the upstream sulfur market has slightly increased, with sulfur prices rising from 936.67 yuan/ton at the beginning of the week to 946.67 yuan/ton at the weekend, an increase of 1.07%. Over the weekend, prices have decreased by 24.27% year-on-year. The upstream market has slightly increased, with good cost support. The downstream hydrofluoric acid market slightly declined, with the market price dropping from 11500.00 yuan/ton at the beginning of the week to 11183.33 yuan/ton over the weekend, a decrease of 2.75%. The weekend price increased by 0.49% year-on-year. The downstream titanium dioxide market has stabilized at a high level, with a market price of 17300.00 yuan/ton. Over the weekend, the price increased by 8.58% year-on-year. The downstream market has slightly declined, and the enthusiasm for downstream procurement has weakened.

Small fluctuation and decline in the future market

In mid November, the domestic sulfuric acid market may fluctuate slightly and rise mainly. Although the downstream hydrofluoric acid market has slightly declined, downstream customers’ enthusiasm for purchasing sulfuric acid has weakened. However, the upstream sulfur market has slightly increased, with good cost support. Under the contradiction between supply and demand, the product trend is upward. Business Society sulfuric acid analysts believe that in the short term, the domestic sulfuric acid market is mainly affected by various factors such as supply and demand and raw materials, and the sulfuric acid market price may fluctuate slightly.

According to the monitoring of the Commodity Market Analysis System of the Business Society, the average price of nitric acid on October 30th this week was 2083 yuan/ton, and on November 3rd it was 2050 yuan/ton, a price drop of 1.60%.

On November 3rd, the center of gravity of the concentrated nitric acid quotation continued to shift downwards, resulting in slow factory shipments and normal operation of the acid plant equipment. The market urgently needed a boost, and there was no increase in downstream transactions.

During the period from 10.30 to 11.3, the upstream liquid ammonia price decreased by 0.84%, the downstream aniline price increased by 2.82%, the TDI price decreased by 3.39%, and the potassium nitrate price increased by 0.93%. At present, the main downstream aniline factories are experiencing weak acid recovery, and the demand for pesticides, pickling and other industries is not good. Nitric acid analysts from Business Society predict that the price of nitric acid may be mainly fluctuating and weak.

In October, the focus of the domestic MIBK market declined. According to the Commodity Analysis System of the Business Society, the market quoted 17633 yuan/ton on October 1st, and 16400 yuan/ton on October 31st. The cumulative decline in October was 7%,

In October, the MIBK market went down, and the mainstream negotiated prices in East China fell to 16200-16400 yuan/ton. The market had prices but no market, and the trading situation was not optimistic. There were few new orders in the market, and large factories also reduced their volume. Traders lacked confidence in the short-term market and offered lower prices.

The cost side is bearish. In October, the domestic acetone market fell more or less, and after the holiday, port inventory rose to 16000 tons, causing a rapid decline in the market. However, as factories digested the short-term replenishment benefits and port inventory decreased, Sinopec Mitsui Phenol Ketone Plant temporarily shut down, and the market rebounded. However, ultimately, demand was limited and the push for growth was weak. In the latter half of the year, the market fell again.

From a terminal perspective, the demand is mostly for small orders to follow up, while the cautious operation of large enterprises entering the market is mostly targeted contracts, and the industrial chain lacks positive support.

From the perspective of Business Society, the domestic production of MIBK in October was 6800 tons, an increase compared to the previous month, and the operating rate has improved. Recently, the supply side is still sufficient, but demand is gradually turning into the off-season. The operating rate of downstream anti-aging agents is declining, and there is less consumption of raw materials. MIBK traders have increased their intention to ship. Shengyi Society predicts that the short-term MIBK market will continue to decline, and the market is expected to continue to bottom out in November. Focus on the support from the raw material end.