SunSirs: Downstream Digested Inventory, and the N-butanol Market Declined from a High Level (November 5-8)

Price trend

According to the monitoring data of SunSirs, as of November 8, the reference price of n-butanol in Shandong Province was 7,500 RMB/ton, which was 366 RMB/ton lower than the reference average price of n-butanol on November 4 before the festival (7,866 RMB/ton), a decline of 4.66%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that in November, the domestic n-butanol market in Shandong Province saw a broad rise under the support of both supply and demand. As of last weekend (November 4), the n-butanol market rose to a high level, and the ex factory price of n-butanol was around 7,800-8, 000 RMB/ton. Then on November 5 and 6, the overall market was consolidated at a high level. This week, the n-butanol market in Shandong started to fall back fm a high level, with a cumulative decline of more than 4%. As of November 8, the market price of n-butanol in Shandong Province in China has been around 7,400-7,600 RMB/ton, and the price has decreased by 300-500 RMB/ton this week.

The main factors that caused the high and low price of n-butanol market came from the demand side. In this week, the downstream of n-butanol mainly consumed the raw materials in the early inventory, and the overall market demand returned to a stable level. Therefore, compared with the beginning of the month, the demand for n-butanol was less supportive. The trading atmosphere of n-butanol on the market was mild, and the deals were mostly small orders.

Market outlook

At present, the inventory of n-butanol in the plant is relatively controllable, the supply side has relatively stable support for the n-butanol market, and the raw propylene market rebounds at a low level, which also supports the cost side. At present, the inventory of n-butanol in the plant is relatively controllable, the supply side has relatively stable support for the n-butanol market, and the raw propylene market rebounds at a low level, which also supports the cost side.

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