Price trend

According to monitoring data from SunSirs, as of January 9, 2023, the reference price of n-butanol in Shandong Province, China was 8,833 RMB/ton. Compared with January 7 (reference price of n-butanol was 8,716 RMB/ton), the price increased by 117 RMB/ton, an increase of 1.34%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that as entering this week (1.5-1.9), the domestic n-butanol market in Shandong region experienced an upward trend. In some regions, the maintenance of n-butanol units had led to a partial reduction in the supply side of n-butanol. The supply side had provided support for the n-butanol market, and coupled with downstream demand for n-butanol stocking, the downstream overall stocking and replenishment enthusiasm was good. With supply and demand support, the n-butanol market had ushered in an upward trend, and factories had actively increased the shipment price of n-butanol, with an increase of 100-200 RMB/ton. As of January 9th, the domestic market price of n-butanol in Shandong region was around 8,800-8,900 RMB/ton. The domestic market price of n-butanol in East China was around 9,100-9,200 RMB/ton.

Market outlook

As of January 9th, the trading atmosphere in the domestic n-butanol market had been mild, and the mentality of the industry had been positive. According to the n-butanol data analyst from SunSirs, in the short term, the domestic n-butanol market will mostly operate steadily with a stronger bias, and the specific trend still needs to pay more attention to changes in supply and demand news.

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