n-Propanol prices in China recorded a sharp week-on-week decline of *.*** during the week ending April **, ****, weighed down by a combination of subdued downstream demand, elevated domestic inventory levels, and cautious procurement behaviour across key consuming industries — even as the ongoing Middle East war continues to exert complex upstream cost pressures.
The price retreat came despite global feedstock propylene costs remaining broadly elevated due to the Strait of Hormuz disruption stemming from the US-Israel conflict with Iran that erupted on February **, ****. In China, n-propanol prices declined, pressured by softening demand from downstream sectors like pharmaceuticals, textiles, and coatings, with weak industrial output and high inventory levels contributing to the bearish sentiment, a dynamic that reasserted itself forcefully during the reference week.
Key downstream sectors including paints and coatings, printing inks, and cosmetics — which together represent the bulk...
Leave a Comment
Comments (0)