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SunSirs: Supported by Supply and Demand, the N-butanol Market Was Operating with an Upward Trend
November 07 2024 09:18:48SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of November 6, 2024, the reference price of n-butanol in Shandong Province, China was 7,266 RMB/ton. Compared with November 1 (reference price of n-butanol was 6,900 RMB/ton), the price had increased by 366 RMB/ton, an increase of 5.31%.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that in the first week of November, the overall market situation of n-butanol in Shandong Province, China, showed a slight upward trend. Entering November, the n-butanol market was operating steadily and steadily. Entering this week, the market price of n-butanol was gradually approaching high levels, and factories and suppliers in Shandong had raised the ex factory price of n-butanol by 100-150 RMB/ton. As of November 6th, the reference price for n-butanol in the domestic Shandong region was around 7,200-7,300 RMB/ton.

On the supply side: In November, the overall supply performance of n-butanol in the field was stable, and the supply side provided stable support similar to n-butanol.

On the demand side: As of November 6th, downstream demand for n-butanol had improved, with a mild atmosphere for on-site inquiries. Overall transactions for n-butanol had also improved, and prices in the n-butanol market were gradually rising with the support of demand.

Market outlook

As of November 6th, downstream replenishment of n-butanol was relatively active, and the atmosphere in the market was gradually warming up. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mainly operate in a stable to stronger direction, and specific changes in supply and demand information need to be closely monitored.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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