Price trend

According to monitoring data from SunSirs, as of June 20, 2023, the reference price of n-butanol in the Shandong region of China was 7,266 RMB/ton. Compared with June 16 (the reference price of n-butanol was 6,900 RMB/ton), the price increased by 366 RMB/ton, an increase of 5.31%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that the overall focus of the n-butanol market in Shandong continued to rise slightly before the Dragon Boat Festival in June. Before the holiday, downstream demand for n-butanol performed well, with some downstream areas stocking up on a small scale before the holiday. The demand side transmission was smooth, supporting the upward movement of n-butanol market prices. On the 19th and 20th, some n-butanol factories and suppliers raised the price of n-butanol, with a cumulative adjustment range of around 200 to 400 RMB/ton over the past two days. As of June 20th, the domestic market price of n-butanol in Shandong region was around 6,900-7,200 RMB/ton.

Market outlook

As of the 20th, the trading atmosphere in the n-butanol market was mild, and there was a phased replenishment in the downstream. The overall supply and demand of the market had improved. The n-butanol data analyst of SunSirs predicts that in the short term, the domestic Shandong region's n-butanol market will mainly fluctuate slightly in a 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.