Price trend

According to the monitoring data of SunSirs, as of March 3, 2023, the reference price of n-butanol in Shandong Province was 7,266 RMB/ton. Compared with February 26 (the reference price of n-butanol was 7,233 RMB/ton), the price was adjusted up by 33 RMB/ton, an increase of 0.46%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that this week (2.27-3.3), the domestic n-butanol market in Shandong Province was initially weak and then steadily retreated, and the overall small rise was dominated. At the beginning of the week, on February 27, the downstream demand of n-butanol was still weaker, and the market of n-butanol fell. Some factories in Shandong Province reduced the ex-factory price of n-butanol by 100-200 RMB/ton. In the middle of the week, the downstream demand of n-butanol was released intensively, and the demand turned better to support the upward operation of n-butanol center of gravity. As of March 3, the domestic market price of n-butanol in Shandong was around 7,200-7,400 RMB/ton.

Market outlook

As of March 3, the trading atmosphere of n-butanol in the market was good, the mentality of the operators was improved, and the downstream demand was gradually increased. The n-butanol statistician of SunSirs believes that in the short term, the domestic n-butanol market in Shandong Province is mainly stable and good, and the specific trend needs to pay more attention to the specific information changes on the supply and demand side.

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