Price trend

According to the monitoring data of SunSirs, as of February 3, 2023, the reference price of n-butanol in Shandong Province was 7,966 RMB/ton. Compared with January 29 (the reference price of n-butanol was 7,833 RMB/ton), the price increased by 133 RMB/ton, or 1.70%.

Analysis review

It can be seen from the monitoring chart of the data of SunSirs that the market of n-butanol in Shandong Province in the country as a whole showed a small fluctuated upward after the return of the Spring Festival holiday in 2023. On the first day after the holiday, the trading atmosphere in the domestic n-butanol market was light, and the overall market price was slightly weak downward. Subsequently, the market atmosphere improved, and the market of n-butanol steadily closed up. On February 2, the market price of n-butanol in Shandong Province was around 7,950-8,100 RMB/ton. On the 3rd, the market of Shandong n-butanol kept stable and consolidated after a slight correction, and the transaction of n-butanol on the market was mainly just on demand.

Market outlook

At present, the trading atmosphere of n-butanol on-site is mild, and the downstream demand still needs to be gradually expanded. The n-butanol statistician of SunSirs believes that in the short term, the domestic n-butanol market in Shandong Province is likely to be dominated by interval adjustment and operation, and more attention should be paid to the specific information changes on the supply and demand side.

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