Price trend

According to the Commodity Market Analysis System of SunSirs, as of August 6, 2024, the reference price of n-butanol in Shandong Province, China was 7866 RMB/ton, a decrease of 67 RMB/ton or 0.84% compared to the reference price of 7,933 RMB/ton on August 1.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that in late July, the n-butanol market in Shandong region was weakly declining. Entering August, in the first week (8.1-8.6), the decline in the n-butanol market did not stop, and the market continued to operate with a narrow downward trend. As of August 6th, the reference price for n-butanol in the domestic Shandong region was around 7,800-7,900 RMB/ton.

Analysis of Factors Influencing the Market Situation of n-Butanol

On the demand side: The n-butanol market continued to decline, with a strong wait-and-see sentiment downstream. Purchases was mainly on demand with caution, and the overall demand transmission performance in the market was average. The support provided by the demand side to the n-butanol market was weak.

In terms of supply: As entering August, the production of n-butanol units has increased, and the overall supply of n-butanol was abundant, with some factories facing certain supply pressures. The supply side was unable to provide effective support for the n-butanol market, and the market situation continued to decline.

Market outlook

As of August 6th, the trading atmosphere in the n-butanol market was average, and the transmission of n-butanol supply and demand was still slow. The n-butanol data analyst from SunSirs believes that in the short term, the n-butanol market in Shandong, China, will mainly adjust within a certain range, and the specific trend 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.