Price trend

The 'Silver October' had not yet arrived, and since October, the domestic butanol market in Shandong Province has been in a weak and declining trend as a whole. After the National Day holiday ended and land transportation resumed, although some downstream markets had small-scale stocking, which slightly boosted the butanol market, the sustained support on the demand side was insufficient, and the butanol market quickly fell into a downward trend, and the market center continued to move towards a low level. According to monitoring data from SunSirs, on October 26th, the market price of n-butanol in the Shandong region of China was based on 7,566 RMB/ton, a decrease of 16.54% compared to early October.

Analysis review

In terms of demand: Since early October, the overall demand of downstream for n-butanol had been weak, and the continuous support provided by the demand side to the market was insufficient. There were few new orders on the n-butanol market, and the inquiry atmosphere was light. The n-butanol market was under pressure for shipments, and the market started a weak downward trend.

In terms of supply: As entering October, the preliminary maintenance equipment for n-butanol had been basically completed. After the equipment gradually resumes operation, the overall supply of n-butanol in the field improved, and the supply support for n-butanol from the supply side was relatively sufficient. After the demand was not timely, the supply-demand contradiction gradually revealed, and the focus of the n-butanol market continued to move towards the low end.

Market outlook

As of October 26th, the n-butanol market was in an active state of maintaining stability. It is rumored that there would be temporary maintenance of n-butanol units in some areas In the future, the supply side of n-butanol may provide some support to the market. In addition, the n-butanol market is operating at a relatively low level, and downstream markets are seeking bargains to replenish goods, while the demand side may enter a stage of stocking. Therefore, the n-butanol data analyst at SunSirs believes that in the short term, the n-butanol market may be able to stabilize and slightly recover, 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.