Since the new plant in Yulin, Shaanxi commenced production, the domestic N-Propanol market has been characterized by ample supply, leading to a continuous decline in market prices. On the demand side, although N-Propyl-Acetatemanufacturers have maintained stable production, the weakening cost of raw materials has exerted downward pressure on N-Propyl-Acetate prices. The entire industrial chain is currently constrained by sluggish end-user demand, leaving little room for a market rebound.

Since mid-November, N-Propanol producers have initiated price support measures through production coordination and strategic market adjustments. Leading manufacturers in Shandong and East China have reached a provisional consensus, helping to restore market confidence. So far, N-Propanol prices have rebounded by approximately CNY 600/ton from the previous low, showing signs of stabilization and recovery in the short term.

A slight upward price trend is expected to continue in the near future, with close attention needed on the following two key indicators: 1. Producer Dynamics: Production capacity release schedules, plant maintenance plans, and inventory fluctuations.
2. Downstream Demand: Operating rates, procurement willingness, and finished product inventory levels of ester manufacturers (especially n-propyl acetate producers).
It is advisable to closely monitor interlinked signals across the industrial chain and adjust procurement and sales strategies in a timely manner.