Price trend

According to monitoring data from SunSirs, as of June 6, 2023, the reference price of n-butanol in the Shandong region of China was 7,000 RMB/ton. Compared to May 29 (the reference price of n-butanol was 7,500 RMB/ton), the price was reduced by 500 RMB/ton, a decrease of 6.67%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in the recent period (5.29-6.6), the domestic Shandong n-butanol market has shown a weak decline overall. Entering June, the downstream demand for n-butanol in the Shandong region has weakened, and the support provided by the demand side for n-butanol has become loose. The supply and demand transmission of n-butanol has been slow, and the supply-demand contradiction on the market has increased. Some n-butanol factories and supply have made concessions for shipment, and the price of n-butanol has been adjusted downwards, with a cumulative downward adjustment of around 300-600 RMB/ton. As of June 6, the market price of n-butanol in Shandong Province was around 6,800-7,200 RMB/ton.

Market outlook

At present, the n-butanol market as a whole is operating in a weak state, The trading atmosphere on the exchange is light, new orders increasing is average, and the game between supply and demand is gradually emerging. SunSirs’ n-butanol data analyst predicts that in the short term, the domestic Shandong region's n-butanol market will mostly adjust to be weaker in a narrow range, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.

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