April 8th – On April 8th, the reference price for n-propanol at Shandong Luxi Chemical was 8,300 RMB/ton, a decrease of 200 RMB/ton compared to the previous trading day. Chempricehub’s analysis of n-propanol gives a long-short score of -1. The report notes that Shandong Luxi Chemical lowered its n-propanol price by 200 RMB/ton to 8,300 RMB/ton, a decline of approximately 2.4%, indicating potential oversupply or weak demand in the spot market, which exerts downward pressure on spot prices. The score of -1 (generally bearish) is based on the short-term price decline, reflecting a weakening market fundamental, without involving extreme events.
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