Price trend

According to monitoring data from SunSirs, as of September 14, 2023, the reference price of n-butanol in the Shandong region of China was 9,966 RMB/ton. Compared with September 10 (reference price of n-butanol was 9,800 RMB/ton), the price increased by 166 RMB/ton, an increase of 1.70%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (9.10-9.14), the overall market situation of n-butanol in the Shandong region of China showed a slight upward trend. This week, some regions in China had shut down and repaired n-butanol plants. The overall supply of n-butanol in the field was expected to decrease, and the overall pressure on the supply side was relatively low. With no pressure on supply, the downstream procurement enthusiasm of n-butanol had also increased, and the willingness to restock had increased. Therefore, with the joint support of both supply and demand, the center of the domestic n-butanol market in Shandong region had moved upward as a whole, with a price increase of about 100-200 RMB/ton during the week. As of September 14th, the domestic market price of n-butanol in Shandong region was around 9,800-10,000 RMB/ton.

Market outlook

As of September 14th, the trading atmosphere of n-butanol on the market was good, the attitudes among n-butanol operators were positive and downstream demand transmission was good. The n-butanol data analyst of SunSirs predicts that in the short term, the domestic Shandong n-butanol market will mostly be stable and improved, 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.