According to the monitoring data of SunSirs, as of March 25, the average ex factory price of domestic n-butanol was 10200RMB/ton. Compared with March 1 (the average reference price of n-butanol was 10466RMB/ton), the average price was reduced by 266RMB/ton, a decrease of 3.82%.

It can be seen from the data monitoring chart of SunSirs that in March, the domestic n-butanol market in Shandong showed a trend of rising first and then falling rapidly, falling to the low point and slowly warming up. From March to now, the overall decline of n-butanol in Shandong.

In the first ten days of March, the n-butanol market in Shandong was dominated by the rising operation, and the sharp rise in international crude oil prices gave the n-butanol industry confidence. Since the beginning of the month, the center of gravity of the domestic n-butanol market in Shandong has steadily gathered upward, and the trading atmosphere on the floor is good. As of March 13, the domestic n-butanol market in Shandong has risen to a relatively high point. The ex factory price of n-butanol in Shandong is around 10900-11200RMB/ton, The cumulative increase in half a month was 500-700RMB/ton, or 8.12%.

In late March, under the high level of n-butanol market, the downstream wait-and-see attitude increased, and the demand turned to cautious operation. In addition, due to the impact of international public events, the logistics and transportation were limited, and the transmission of demand was blocked. The n-butanol market fell sharply after rising. From the 14th, the market price of n-butanol in Shandong fell for seven consecutive days. As of March 21, the average ex factory price of n-butanol in Shandong fell below 10000 yuan, with a reference to 9800RMB/ton, a decrease of 11.71% on the 7th. Subsequently, at the end of March, the n-butanol market in Shandong Province witnessed a slight recovery, with good low-end price transactions and improved trading atmosphere. From the 21st, the n-butanol market in Shandong Province increased slightly. As of the 25th, the ex factory price of n-butanol in Shandong Province was around 10000-1030RMB/ton, the average price was 10200RMB/ton, an increase of 4.08% on the 5th. At present, near the end of the month, the atmosphere in the n-butanol field is mild, the downstream replenishment is more active, and the supply side in the field is slightly tight.

In terms of upstream propylene:

Since March, the domestic propylene market in Shandong has risen first and then fell. According to the monitoring data of business agency, the reference price of propylene in Shandong was 8408.83RMB/ton on March 24, down 0.3% compared with March 1 (8433.83RMB/ton).

Future analysis of n-butanol:

At present, the downstream demand side of n-butanol is well supported, and the supply pressure of n-butanol factories is small. The n-butanol datagrapher of business society believes that in the short term, the domestic n-butanol market in Shandong is expected to continue to operate steadily upward, and the specific trend needs to pay more attention to the news changes of supply and demand side.

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