Price trend

According to the commodity market analysis system of SunSirs, as of August 12, 2024, the reference price of n-butanol in Shandong was 7,433 RMB/ton. Compared with August 1 (the reference price of n-butanol was 7,933 RMB/ton), the price was reduced by 500 RMB/ton, a decrease of 4.20%.

From the commodity market analysis system of SunSirs, it can be seen that in the early stage of August, the n-butanol market in Shandong Province as a whole fell in a narrow range, the wait-and-see sentiment in the n-butanol market was strong, and the downstream demand was cautious. Subsequently, the decline of the n-butanol market intensified, and Shandong major factories lowered the shipping price of n-butanol by about 200-300 RMB/ton. The overall market center of gravity fell. As of August 12, the reference price of n-butanol market in Shandong Province was around 7,300-7,400 RMB/ton, and the decline in the second half of the month was 6.3%.

Analysis review

Demand: Affected by the continuous decline for more than 20 days, the market sentiment of n-butanol is strong, and the wait-and-see sentiment has affected the purchasing enthusiasm of the downstream market. At present, the downstream of n-butanol is mostly cautious in purchasing due to rigid demand, and the demand side has failed to provide effective market support.

Supply: At present, the overall supply of n-butanol is relatively stable, the supply in the market is sufficient, and there is a certain supply pressure in some regions. Recently, the overall capacity utilization rate of n-butanol has been lowered compared with the end of July, and the support given to the market by the supply side is also limited.

n-Butanol market price situation:

Region Product August 12

Market outlook

At present, the overall trading atmosphere of n-Butanol is relatively light, and the supply and demand transmission and transformation of n-Butanol are general. The n-Butanol data analyst of Sino-Business believes that in the short term, the n-Butanol market in Shandong will mainly adjust in a narrow range, and the specific trend needs to pay more attention to the changes in the news on the supply and demand side.

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