Price trend

According to monitoring data from SunSirs, as of December 6, 2023, the reference price of n-butanol in Shandong Province, China was 8,366 RMB/ton. Compared with December 1 (reference price of n-butanol was 7,766 RMB/ton), the price increased by 600 RMB/ton, an increase of 7.73%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that as December approached, the overall market situation of n-butanol in Shandong, China had experienced an upward trend. On the third day of the month, the n-butanol market remained stable and consolidated, with stable downstream demand and a calm supply and demand side for n-butanol. Starting from the 4th, the market experienced a continuous upward trend, with the focus of the n-butanol market continuously moving upwards, with an increase of over 7% within three days. As of December 6th, the domestic market price of n-butanol in Shandong region was around 8,200-8,600 RMB/ton.

Analysis of the main factors supporting the upward trend of n-butanol market:

In terms of demand: As of December 6th, the downstream market of n-butanol had entered a phase of stocking, and the downstream demand for n-butanol had been released. The improvement of the demand side supported the upward movement of the n-butanol market.

Supply side: As of December 6th, the supply side of n-butanol hd remained calm, with overall stability as the main focus. The supply side had provided normal support to the n-butanol market.

Fundamentals: As of December 6th, the overall mentality of the upstream and downstream markets for n-butanol had improved, and the fundamentals have provided some support to the market.

Market outlook

As of December 6th, the trading atmosphere in the n-butanol market was mild, and the inquiry atmosphere was relatively active. The transmission between the supply and demand of n-butanol was smooth, and the mentality of the industry was good. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market is mainly stable with a stronger trend, and the specific trend still needs to pay more attention to the changes in supply and demand news.

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