Price trend

According to the Commodity Market Analysis System of SunSirs, as of December 30, 2024, the reference price of n-butanol in Shandong Province, China was 7,116 RMB/ton. Compared with the reference price of 7,366 RMB/ton on December 1, the price decreased by 250 RMB/ton, a decrease of 3.39%.

Analysis review

In December, the overall market situation of n-butanol in Shandong region of China showed a fluctuating downward trend. In the first two days of the month, the n-butanol market was weak and declining, with a light trading atmosphere. Subsequently, n-butanol factories actively shipped and downstream restocked at low prices, slightly boosting demand. The n-butanol market saw a narrow rise. On December 6th, the n-butanol market price in Shandong region was referenced at 7,466 RMB/ton, an increase of 1.36% compared to the beginning of the month.

After rising to a high level, the high priced shipments of n-butanol in the market were hindered, and the transmission of supply and demand in the market weakened. The supply of n-butanol factories was under pressure, so they offered discounts for shipments. The downstream demand conversion of n-butanol was average, and downstream users restocked at low prices. The focus of the n-butanol market continued to move towards a low level, and it operated weakly until the end of the month. As of December 30th, the reference price of n-butanol in the domestic Shandong region was 7,050-7,200 RMB/ton.

Market outlook

As of December 30th, the overall trading atmosphere in the n-butanol market was average, and downstream demand was cautious in restocking. The market's overall focus was on the low-end. Due to the slow pace of recent shipments, the overall inventory in the market had slightly increased. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mainly adjust its operation within a certain range, and the specific trend needs to pay more attention to changes in supply and demand news.

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