Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 29, 2024, the reference price of n-butanol in Shandong Province, China was 8,066 RMB/ton, a decrease of 67 RMB/ton or 0.82% compared to the reference price of 8,133 RMB/ton on July 22.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that in late July (7.22-7.29), the overall n-butanol market in Shandong, China, showed an upward trend followed by a downward trend. As of July 29th, the reference price for n-butanol in the domestic Shandong region was around 8,000-8,200 RMB/ton.

Analysis of Factors Influencing the Market Situation of n-Butanol

On the demand side: In late July, there was a slight stocking of downstream demand for n-butanol, and the good performance in demand provided support for the n-butanol market. The n-butanol market rose slightly, but with the recovery of calm demand, the overall trading atmosphere in the n-butanol market became lighter, and the n-butanol market also began to decline.

On the supply side: As of July 29th, the overall supply performance of n-butanol in the market was sufficient, with loose spot inventory, and limited market support from the supply side for n-butanol.

Market outlook

As of July 29th, the trading atmosphere of n-butanol on the market was light, with downstream essential purchases being the main focus. The n-butanol data analyst from SunSirs believes that in the short term, the n-butanol market in Shandong, China will mainly experience narrow adjustments, and the specific trend still needs to pay more attention to changes in supply and demand news.

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