Price trend

According to the commodity market analysis system of SunSirs, as of May 15, 2024, the reference price of n-butanol in Shandong Province, China was 8,033 RMB/ton. Compared with May 1 (reference price of n-butanol was 7,833 RMB/ton), the price increased by 200 RMB/ton, an increase of 2.55%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that in early May, the domestic n-butanol market in Shandong Province showed an overall upward trend. After the holiday, the focus of negotiations in the n-butanol market had continued to rise. As of May 15th, the domestic market price of n-butanol in Shandong Province was based on around 8,000-8,100 RMB/ton.

Analysis of factors supporting the rise of n-butanol market

In terms of supply: In the first ten days, the overall supply inventory in the n-butanol factory was low, and the pressure on the supply side of the n-butanol factory was relatively small. The supply side supported the gradual increase of the n-butanol market price.

In terms of demand: The atmosphere of transactions in the n-butanol market was good, the atmosphere of downstream inquiries was mild, and downstream users were mostly in urgent need of procurement and small-scale stocking. The overall market demand transmission was smooth, and the demand side provided support for the n-butanol market.

Upstream aspect: In early May, the upstream raw material propylene market showed an overall upward trend, and the high raw material end also provided cost support for n-butanol. On May 14th, the reference price for propylene was 6,898.60 RMB/ton, an increase of 1.44% compared to May 1st (6,800.60 RMB/ton).

Market outlook

As of May 14th, the atmosphere in the domestic n-butanol market in Shandong region was mild, and the enthusiasm for downstream inquiries was still good. The n-butanol industry had a good mentality, and the n-butanol data analyst from the SunSirs believes that in the short term, the domestic n-butanol market will mainly operate steadily with a stronger trend. 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.