Price trend
According to the monitoring data of SunSirs, as of December 15, the reference price of n-butanol in Shandong Province was 8,400 RMB/ton. Compared with the price on December 15 (7,566 RMB/ton), the price was increased by 834 RMB/ton, or 11.01%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that this week (12.09-12.15), the n-butanol market in Shandong Province in China as a whole showed a broad rise, with an increase of 11.01% within the week. The main factors supporting the rise of n-butanol market are from the following three aspects.
On the supply side, as of the 15th, the production of n-butanol units in some parts of China decreased, the on-site inventory was controllable, and the pressure on the supply side was low, supporting the firm rising market of n-butanol.
On the demand side, the downstream replenishment of n-butanol was positive this week, the market transaction was relatively smooth, the trading atmosphere was good, and the demand side also gave support for n-butanol.
In terms of cost, the recent raw material propylene market was stable and rising, and the cost support for n-butanol was stable. As of December 15, the market price of n-butanol in Shandong Province in China was around 8,400-8,500 RMB/ton, and the weekly price increase was 200-400 RMB/ton.
Market outlook
The year 2023 is coming, and many regions in China have welcomed good news one after another. The downstream demand circulation of n-butanol has improved, and the supply is expected to decline. The n-butanol data engineer of SunSirs believes that in the short term, the domestic n-butanol market is mainly stable and stronger, and more attention should be paid to the specific information changes on the supply and demand side.
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