Price trend

According to the monitoring data of SunSirs, as of July 4, the average ex-factory price of n-butanol in Shandong was 8,000 RMB/ton, which was basically the same as that on June 30. Compared with June 1 (the ex-factory price of n-butanol was 9,933 RMB/ton), it has dropped by 19.46%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that just entering July, the domestic n-butanol market in Shandong has stopped falling and stabilized, and the market has stabilized and consolidated. In June, under the influence of limited supply and demand transmission, the domestic n-butanol market in Shandong went down as a whole. After entering July, the n-butanol market stopped falling and stabilized. Downstream customers replenished at low prices, and the demand was boosted compared with the previous period. The market price was stable and the trading atmosphere was mild. As of July 4th, the ex-factory price of n-butanol in Shandong was 7,950-8,050 RMB/ton, the ex-factory price of n-butanol of Luxi Chemical in Shandong was 8,000 RMB/ton, and the ex-factory price of n-butanol of Wanhua Chemical in North China was 8,000 RMB/ton, the ex-factory price rate of n-butanol in East China and South China was high, and the reference was around 8,300 RMB/ton. At present, the market news is quiet, the rhythm of downstream stocking is relatively stable, and the inquiry atmosphere is calm.

In terms of upstream propylene, in June, the domestic propylene market in Shandong fell as a whole. In July, the propylene market continued to decline. According to the data monitoring of SunSirs, on July 1, the price of propylene in Shandong was 7,680.60 RMB/ton, a decrease of 4.95% compared with the price on June 1 (8,080.60 RMB/ton).

Market outlook

At present, the quotation price of n-butanol in the market is mainly stable, and the downstream is slowly increasing. The n-butanol data engineer of SunSirs believes that in the short term, the domestic n-butanol market in Shandong will continue to consolidate, the specific trend needs to pay more attention to the changes in the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com