Price trend

According to the Commodity Market Analysis System of SunSirs, as of August 27, 2024, the reference price of n-butanol in Shandong Province, China was 7,216 RMB/ton, a decrease of 717 RMB/ton or 9.03% 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 from August to present (8.1-8.27), the overall market situation of n-butanol in Shandong Province, China had shown a downward trend. In early August, the n-butanol market continued to decline, downstream demand was poor, new orders were light, and the market center gradually fell. As of August 15th, the n-butanol market in Shandong region was around 7,300 RMB per ton, with a decline of 7.98% in early August. In late August, due to the brief shutdown of some factories producing n-butanol, which stimulated small-scale downstream stocking, the on-site market for n-butanol saw a slight boost, with market prices increasing by around 100-150 RMB/ton. Subsequently, as the equipment resumed operation, the upward momentum of the n-butanol market was insufficient, and the market recovered to a low level with consolidation. As the end of the month approached, downstream demand for n-butanol did not improve, and the market continued to decline. As of August 27th, the market price of n-butanol was around 7,100-7,350 RMB/ton, with a decline of 1.14% in late August.

Analysis of Factors Influencing the Market Situation of n-Butanol

In terms of demand: In August, the overall downstream demand for n-butanol was mainly cautious in purchasing due to rigid demand, and the overall inquiry atmosphere in the market was average due to the continued low market trend. The support for n-butanol on the demand side was insufficient.

In terms of supply: In August, the supply side of n-butanol was basically in a relatively loose supply state, and the overall support provided by the supply side to the market was average.

Market outlook

As of August 27th, the overall trading atmosphere in the n-butanol market was relatively light, and the transmission of n-butanol supply and demand was slow. The n-butanol data analyst from SunSirs believes that in the short term, the n-butanol market in Shandong Province, China, will mainly adjust to be weaker. The specific trend still needs to pay more attention to changes in supply and demand news.

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