March 17th News
On March 17th, the reference price for n-propanol from Shandong Luxi Chemical was 7,800 yuan per ton, representing a decrease of 200 yuan per ton compared to the previous working day.
Chempricehub Analysis of n-Propanol:
Bull-Bear Score: -1
The price of n-propanol from Shandong Luxi Chemical decreased by 200 yuan per ton to 7,800 yuan per ton, indicating ample market supply or weakened demand, which exerts downward pressure on spot prices. The price decline of approximately 2.5% is considered a moderate bearish signal. This may impact the production costs of downstream chemical products, though no significant correlation with futures data has been observed.
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