SunSirs: Entering November, the N-Butanol Market First Fell and Then Rose

Price trend

According to monitoring data from SunSirs, as of November 3, 2023, the reference price of n-butanol in the Shandong region of China was 7,500 RMB/ton. Compared with November 1 (reference price of n-butanol was 7,466 RMB/ton), the price increased by 34 RMB/ton, an increase of 0.45%.

Analysis review

Looking back at October, the n-butanol market can be described as a "continuous decline", with a decline of over 16% in October. In the first week of November, the decline in the n-butanol market had not stopped, and the focus of the n-butanol market in Shandong region continued to decline. On the 1st and 2nd, Shandong large factories successively lowered the price of n-butanol, with a reduction of 100-400 RMB/ton. On the 3rd, the market for n-butanol experienced a decline and then rebounded, with increased trading activity. The market price for n-butanol was increased by a narrow range of about 50-100 RMB/ton. As of the 3rd, the domestic market price of n-butanol in Shandong region was around 7,400-7,600 RMB/ton.

In terms of demand: On the first few days of the month, the main impact of the trend of the n-butanol market falling first and then rising was the release of the demand side, and the downstream was experiencing phased replenishment. The improvement in demand drove the market to recover.

In terms of supply: As of the 3rd, the overall supply level of n-butanol on site was relatively stable, and there was little change in the adjustment of on-site construction compared to the previous period.

Market outlook

As of the 3rd, the overall trading atmosphere in the n-butanol market was mild, and the good downstream demand brought some confidence to the market. The phased stocking provided some positive support to the market. Therefore, the n-butanol data analyst of SunSirs believes that in the short term, the n-butanol market may steadily rebound, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.

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