n-propanol Pricing Assessment

Markets Covered:

Taiwan

China

Vietnam

India

Argentina

Philippines

n-Propanol Price Trend, Analysis and Forecast

In Q1 2024 the Asian n-Propanol market increased by 0.97% as compared to the Q4 of 2023. In the first quarter, the n-propanol market in Asia experienced an upward trend due to increased stocking activities driven primarily by increasing feedstock costs, particularly for propylene. At the same time, major manufacturers announced price hikes for several base chemicals, further contributing to the upward trend in n-Propanol prices. The challenges in the Chinese market have had a same impact on price of India, Argentina, Vietnam, and Philippines, as China is a significant exporter to all these countries. In contrast, the Taiwan market, n-Propanol prices rose due to increased demand for paints & coatings from the building & construction and automotive industries along with managing inventory levels. By the end of the quarter in Taiwan, the price of n-Propanol reached 871 USD per metric ton in March.

In Q2 2024, the Asian n-Propanol market experienced an upward trend in beginning of quarter as compared to first quarter of 2024 but further there was a decrease in May and then towards the end of the quarter a slight uptrend was observed as some production units resumed operations and demand softened marginally. These fluctuations were influenced by various factors, including changing demand patterns in downstream sectors. In Taiwan, n-Propanol market showed a downward trend towards the end of the quarter. By the end of the quarter in June, the price of n-Propanol in Taiwan settled at 861 USD per metric ton.

In Q3 2024, the n-Propanol market will continue to experience an upward price pressure due to ongoing supply limitations. The growing demand for adhesives, paints, automotives will expect to boost the n-Propanol market in the APAC region. As of July 2024, n-Propanol prices were fluctuating and reflecting around 0.47% increase from the previous month. In the beginning of the quarter in July, the price of Taiwan reached at 934 USD per metric ton.

In Q4 2024, the Asia-Pacific region will experience upward trend in n-Propanol prices. Key factors driving these price fluctuations include differing demand trends across various countries, particularly influenced by Asia’s strong performance. Additionally, rising raw material prices will affect production costs, while ongoing trade tensions will disrupt regional supply chains. In the short term, the n-Propanol market will experience growth primarily due to rising demand from the paints, coatings and automotive. In addition, the global production of n-Propanol is expected to increase owing to the rising demand for coating from end use industries.

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Historically, several events have caused significant fluctuations in n-propanol prices

Russia-Ukraine Conflict (2022-Present):

Supply Chain Disruptions: The conflict disrupted trade routes in Eastern Europe, causing logistical challenges for the transport of raw materials and finished chemicals like n-Propanol. Sanctions on Russia, a major energy and chemical exporter, limited access to petrochemical feedstocks essential for producing alcohols like n-Propanol.

Energy Prices and Feedstock Costs: The war led to volatility in crude oil and natural gas prices, which are primary feedstocks for n-Propanol production. Rising energy costs increased the operational expenses for chemical manufacturers globally, pushing up prices.

Demand-Supply Imbalance: Disruptions in industrial production in conflict-affected regions led to a supply shortage. Concurrently, increased demand for sanitizers, disinfectants, and cleaning agents during the pandemic sustained a high demand for n-Propanol, intensifying price pressures.

Economic Uncertainty: The conflict caused financial instability, affecting currencies, trade policies, and global economic growth, all of which influenced commodity pricing, including chemicals like n-Propanol.

COVID-19 Pandemic (2020):

Surge in Demand for Disinfectants and Sanitizers: n-Propanol is a critical ingredient in the production of sanitizers and disinfectants due to its antibacterial properties. The heightened demand for hygiene products led to a rapid spike in n-Propanol consumption, driving prices higher, especially during the early phases of the pandemic.

Supply Chain Disruptions: Lockdowns and restrictions across countries disrupted manufacturing, transportation, and distribution channels. This limited the availability of raw materials and finished n-Propanol, exacerbating supply shortages.

Fluctuations in Petrochemical Feedstock Prices: n-Propanol is derived from petrochemical processes, making its production cost-sensitive to fluctuations in crude oil prices. Early in the pandemic, crude oil prices plummeted due to reduced demand, temporarily lowering feedstock costs.

Shifts in Industrial Activity: Many industries using n-Propanol, such as coatings, printing inks, and solvents, faced slowdowns or shutdowns during lockdowns, reducing demand in these sectors. This created a dual market dynamic, with reduced industrial demand but surging healthcare-related demand.

Market Speculation and Hoarding: Panic buying and speculative stocking of n-Propanol by distributors and manufacturers amplified price volatility during the peak of the pandemic.

Geopolitical Tensions (2018-2019):

Trade Wars and Tariffs: The U.S.-China trade war-imposed tariffs on a wide range of goods, including petrochemical products and their derivatives like n-Propanol. Increased tariffs raised production costs for manufacturers in affected regions, leading to price hikes for downstream products like n-Propanol. Disruptions in trade routes and shifts in global sourcing caused supply-demand imbalances.

Oil Price Volatility: Geopolitical conflicts, including U.S. sanctions on Iran and tensions in the Middle East, led to fluctuations in crude oil prices. Since n-Propanol production relies on petrochemical feedstocks derived from crude oil, these price changes directly impacted its production costs and market prices.

Regional Instability: Political unrest in key regions, such as Venezuela (a major oil producer) and ongoing disputes in the Middle East, created uncertainty in the supply of raw materials. This instability led to inconsistent supply chains, pushing up costs for chemicals dependent on these resources.

Shifting Production Patterns: Geopolitical instability caused manufacturers to re-evaluate sourcing and production strategies, potentially leading to higher logistics and operational costs for n-Propanol producers.

Demand-Supply Fluctuations: Demand for n-Propanol remained stable in some industries, like coatings and inks, but supply disruptions and price volatility in raw materials caused unpredictable price movements.

Methodology and Specifications

n-propanol Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major n-Propanol production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire n-Propanol supply chain, from raw material availability (e.g., propionaldehyde, ethylene, carbon monoxide, and hydrogen) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact n-Propanol prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on n-Propanol production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, adhesives), to predict shifts in n-Propanol demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global n-Propanol production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming n-Propanol production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global n-Propanol pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast n-Propanol prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable n-Propanol pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

60.0952

CAS No

71-23-8

HS Code

29051210

Molecular Formula

CH3CH2CH2OH

n-propanol

n-Propanol is a colourless alcohol primarily produced from propylene via direct hydration or oxo synthesis. Known for its mild odour and excellent solvency, it is widely used in coatings, printing inks, and cosmetics. As a versatile solvent and chemical intermediate, n-propanol plays a vital role in manufacturing pharmaceuticals, adhesives, and cleaning products, ensuring industrial efficiency.

Packaging Type

Isotanks, Drums (India)

Grades Covered

Industrial

Incoterms Used

FOB Shanghai, FOB Kaohsiung, CIF Haiphong (China), CIF Nhava Sheva (China), CIF Buenos Aires (China), CIF Manila (China)

Synonym

1-Propanol N-propyl alcohol Ethyl Carbinol 1-hydroxypropane

Quotation Terms:

10-15 MT (India) 25-28 MT (Global)

Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.

Property	Specification
Appearance	Colourless liquid
Purity	99.5%
Refractive Index	1.39
Boiling Point	96-98 °C
Freezing Point	-127 °C
Vapour Pressure (20 °C)	14.5 mm Hg
Specific Gravity	0.8
Surface Tension (dynes/cm)	23.8
Autoignition Temperature	413 °C

Applications

n-Propanol is used mainly as a feedstock/intermediate to make other chemicals including: n-Propyl Acetate Used as a solvent in coatings, paints, printing inks, and adhesives. Valued for its fast evaporation rate and low toxicity. Propylamines Used in the production of herbicides, pharmaceuticals, and rubber chemicals. Act as intermediates in agricultural and specialty chemical applications. Glycol Ethers n-Propanol is used as a precursor in the production of certain glycol ethers. Glycol ethers are common in cleaning products, paints, and personal care items. Esters and Plasticizers Serves as a feedstock for making esters, which are used as plasticizers and in fragrances. Plasticizers are essential for improving the flexibility and durability of plastics.

Disclaimer

N-Propanol price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for n-propanol. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What are the key factors affecting n-Propanol prices in the market? +

The pricing of n-Propanol is influenced by several factors, including raw material costs such as propylene, fluctuations in supply and demand within industries like paints, coatings, and adhesives, as well as external elements like geopolitical events, trade tariffs, and energy prices. These factors combine to create variability in pricing depending on global economic conditions.

How does regional production impact n-propanol pricing? +

Regional production plays a significant role in n-propanol pricing. Regions with high production, like Asia-Pacific, tend to have more competitive pricing due to local availability, whereas regions that rely on imports, such as North America and Europe, often face higher costs due to transportation fees, import duties, and potential supply chain disruptions.

What is the latest trend in n-propanol pricing, and how can I secure better rates? +

The latest pricing trends for n-propanol often reflect fluctuations in the cost of raw materials and changes in global supply chains. To secure better rates, procurement heads can consider locking in long-term contracts with suppliers, monitoring global price trends and indices, and optimizing bulk purchasing strategies to take advantage of volume discounts.