Price trend

According to the Commodity Market Analysis System of SunSirs, as of October 24, 2024, the reference price of n-butanol in Shandong Province, China was 6,800 RMB/ton. Compared with October 1 (reference price of n-butanol was 7,166 RMB/ton), the price has decreased by 166 RMB/ton, a decrease of 0.20%.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that since October, the overall market situation of n-butanol in Shandong Province, China has shown a trend of "first rising and then falling". In early October, the focus of the n-butanol market quickly approached a high level. On October 10th, the n-butanol market price in Shandong region was referenced at 7,100-7,300 RMB/ton. In the first ten days, n-butanol increased by 5.19%. In the mid stage, the n-butanol market started a high-level decline, and the market negotiated prices continued to decline until they reached the beginning of the month level. At the end of the month, the n-butanol market entered a post decline consolidation stage. On October 24th, the market price reference for n-butanol in Shandong region was around 6,800-6,900 RMB/ton.

On the supply side: After the National Day holiday in October, the on-site inventory of n-butanol was tight, and the overall supply pressure on the market was low. The supply side provided support for the n-butanol market. Later, some units on the supply side resumed operation, and the on-site supply was loose. The supply pressure from factories in some areas gradually increased, and the push from the supply side to the market also weakened.

In terms of demand: In early October, downstream users in the n-butanol market concentrated on restocking after the holiday, and the demand for n-butanol received a brief boost. The market continued to rise under the support of demand, and after the demand turned calm, the effective support for the sustained high level of n-butanol market was weakened, and the market price suddenly began to decline.

Market outlook

As of October 24th, the overall trading atmosphere in the n-butanol market was relatively quiet, with a strong wait-and-see sentiment in the market. Downstream users continued to replenish their essential needs, and the transmission between supply and demand was still slow. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mainly adjust and operate within a narrow range, and the specific trend needs to pay more attention to changes in supply and demand news.

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