Price trend

According to monitoring data from SunSirs, as of September 6, 2023, the reference price of n-butanol in the Shandong region of China was 9,833 RMB/ton. Compared with September 1 (the reference price of n-butanol was 9,800 RMB/ton), the price was reduced by 33 RMB/ton, a decrease of 0.34%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in early September (9.1-9.6), the overall market situation of n-butanol in the Shandong region of China showed a slight increase and then a decline. In the first three days of the month, the n-butanol market in Shandong region remained stable and consolidated overall, with relatively calm supply and demand on the market. On the 4th, prices in some low-end markets in Shandong region slightly increased, while low prices on the market reduced. On the 5th, downstream demand and stocking basically ended, with an increase in n-butanol on-site supply, and supply and demand support was loosened. The n-butanol market started a slight downward trend, and the overall market price was lowered by about 100 RMB/ton. As of September 6th, the domestic Shandong n-butanol market price reference was around 9,600-10,000 RMB/ton.

Market outlook

As of September 6th, the trading atmosphere of n-butanol on the market was quiet, and downstream demand was mainly cautious. The overall market was mainly sorted out to be weaker, The n-butanol data analyst from SunSirs predicted that in the short term, the domestic Shandong n-butanol market will mainly adjust and operate in a narrow range. 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.