Price trend
According to the Commodity Market Analysis System of SunSirs, as of October 17, 2024, the reference price of n-butanol in Shandong Province, China was 6,833 RMB/ton, a decrease of 133 RMB/ton or 1.86% compared to the reference price of 7166 RMB/ton on October 10.
Analysis review
From the Commodity Market Analysis System of SunSirs, it can be seen that this week, the overall market situation of n-butanol in Shandong Province, China, showed a weak downward trend. The center of the n-butanol market had been gradually moving towards lower levels, with a price reduction of 100-200 RMB/ton during the week. As of October 18th, the reference price for n-butanol market in Shandong, China is around 6,800-7,000 RMB/ton.
Supply and demand situation: As of October 17th, the overall supply of n-butanol in the market had increased, and there was a certain supply pressure on the supply side. Downstream demand was cautious, and supply and demand transmission was relatively slow. The overall supply and demand support for the n-butanol market was insufficient.
Market outlook
As of October 17th, the overall trading atmosphere in the n-butanol market was light, and there is a strong wait-and-see sentiment in the market. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.
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