Price trend

According to the monitoring data of SunSirs, as of January 6, 2023, the reference price of n-butanol in Shandong Province was 8,133 RMB/ton, which was 167 RMB/ton higher than that on January 3 (7,966 RMB/ton), an increase of 2.09%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that in the first week after the New Year's Day in 2023 (1.03-1.06), the overall n-butanol market in Shandong Province in China rose slightly. Near the Spring Festival, the production of some n-butanol plants was reduced, the on-site supply was reduced, and the supply side was tight, supporting the upward focus of the market.

In terms of downstream demand, as the logistics around the country was about to be shut down, the enthusiasm of downstream goods preparation and replenishment had increased, and the overall transaction of n-butanol market was relatively smooth. As of January 6, 2023, the market price of n-butanol in Shandong Province was around 8,000-8,200 RMB/ton.

Market outlook

As of the 6th, the domestic n-butanol market price was stable and rose on the whole, the market trading atmosphere was mild, and the supply and demand transmission was good. The n-butanol data engineer of SunSirs believes that the domestic n-butanol market will be mainly stable with slight changes in the short term, focusing on interval adjustment, and more attention should be paid to the specific information changes on the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com