Price trend

According to monitoring data from SunSirs, as of November 27, 2023, the reference price of n-butanol in Shandong Province, China was 7,766 RMB/ton. Compared with November 1 (reference price of n-butanol was 7,466 RMB/ton), the price increased by 300 RMB/ton, an increase of 4.02%.

Analysis review

From the monitoring chart of SunSirs’ data, it can be seen that from November, the overall market situation of n-butanol in the Shandong region of China has gradually been upward in fluctuations. In the early stages, the n-butanol market showed a "first decline and then rise" trend. In the first two days of the month, trading on the n-butanol exchange was light, and the market situation slightly declined. Starting from the 3rd, the n-butanol market experienced a recovery operation, with downstream stage stocking, concentrated demand for n-butanol in the market, active new orders on the exchange, and the focus of the n-butanol market continuously moving towards the high-end. As of November 10th, the market price of n-butanol in Shandong region was around 7,633 RMB/ton, with a 3.12% increase in the first half of the year.

In mid November, the market for n-butanol in Shandong region experienced a mixed trend of ups and downs. Starting from the 11th, downstream demand for n-butanol returned to calm, while the market for n-butanol fell from a high level. Starting from the 15th, n-butanol continued to welcome positive demand, with a slight correction in market focus.

In late November, the n-butanol market as a whole showed an "upward" trend, with some facilities in the n-butanol plant temporarily shut down for maintenance. The overall supply on the supply side decreased, supporting the market mentality. Downstream demand and stocking were normal, and the focus of the n-butanol market continued to rise. As of November 27th, the domestic market price of n-butanol in Shandong region was around 7,700-7,900 RMB/ton.

Market outlook

As of November 27th, the trading atmosphere within the n-butanol market was mild, and the supply and demand transmission was stable. The overall operating rate of n-butanol had slightly decreased compared to the previous period, and the supply side still provided some support to the market. The n-butanol data analyst of SunSirs believes that in the short term, the domestic n-butanol market is mainly stable, with a stronger operation. The specific trend still needs to pay more attention to the changes in supply and demand news.

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