Price trend

According to monitoring data from SunSirs, as of August 18, 2023, the reference price of n-butanol in the Shandong region of China was 7,966 RMB/ton. Compared with August 13 (reference price of n-butanol was 7,900 RMB/ton), the price increased by 66 RMB/ton, an increase of 0.84%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (8.13-8.18), the domestic Shandong n-butanol market as a whole showed a slight upward trend. This week, some n-butanol units in some regions of China underwent maintenance. With the increase in unit maintenance, the pressure on the supply side had decreased, and the mentality of n-butanol manufacturers had improved. The overall market price of n-butanol in Shandong had slightly increased, with an upward range of about 100 RMB/ton. The downstream demand side of n-butanol performed well, and the atmosphere for new orders and inquiries was good. As of August 18, the domestic market price of n-butanol in Shandong was around 7,900-8,100 RMB/ton.

Market outlook

As of August 18th, the overall inventory of n-butanol waslow, and the pressure on manufacturers to ship was relatively low. The transmission between supply and demand was good. The n-butanol data analyst of SunSirs predicts that in the short term, the domestic Shandong region's n-butanol market will mainly operate in a stable and stronger manner, and the specific trend still needs to pay more attention to the specific changes in the supply and demand side news.

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