Price trend
According to the monitoring data of SunSirs, as of January 18, 2023, the reference price of n-butanol in Shandong Province was 8,200 RMB/ton. Compared with that of January 1 (the reference price of n-butanol was 8,166 RMB/ton), the price decreased by 33 RMB/ton, or 0.41%.
Analysis review
It can be seen from the monitoring chart of the data of SunSirs that since January (1.01-1.18), the market of n-butanol in Shandong Province in China had fluctuated slightly and downward, and in the first ten days of January, the rise and fall of the n-butanol market had moved in tandem. After the New Year's Day, the market price of n-butanol briefly declined. However, with the decrease of on-site supply, the downstream staged demand boosted and supported, and the market price recovered rapidly. After the weakening of the demand side, the n-butanol market fell again.
On January 10, the market price of n-butanol in Shandong was around 8,000-8,100 RMB/ton. In the middle of January, the purchasing atmosphere of n-butanol downstream before the festival improved, and the demand improved, which supported the market of n-butanol to usher in a small and steady rise, with an increase of 1.65% in ten days. According to the data monitoring of SunSirs, on January 18, the reference price of n-butanol market in Shandong Province was around 8,150-8,300 RMB/ton.
Market outlook
As the Spring Festival approaches, the supply and demand information of the domestic n-butanol market is calm, and the atmosphere in the market is light. The n-butanol statistician of SunSirs believes that in the short term, the possibility of significant changes in the domestic n-butanol market is limited, and the overall market will mainly be stable, sorted and operated, and more attention should be paid to the specific information changes of the supply and demand side.
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