SunSirs: Since April, the Shandong N-butanol Market Experienced a Rise Followed by a Decline (April 1-12)
April 13 2023 10:01:40 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of April 12, 2023, the reference price of n-butanol in the Shandong region of China was 7,700 RMB/ton. Compared with April 1 (reference price of n-butanol was 7,733 RMB/ton), the price was reduced by 33 RMB/ton, a decrease of 0.43%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that since April (4.1-4.12), the overall market situation of n-butanol in the Shandong region of China had shown an upward trend followed by a downward trend. At the beginning of the month, the domestic n-butanol market in Shandong Province showed a small increase in the overall situation, the downstream demand was relatively stable, and the supply and demand transmission was relatively smooth, supporting the steady upward trend of the n-butanol market. As of April 9, the overall price of the n-butanol market in Shandong Province had risen by 100-200 RMB/ton, or 1.29%.Then on the 10th and 11th, the n-butanol market started to fall back slightly, the downstream demand weakened, and the overall support of the market was loose. As of the 12th, the domestic n-butanol market price in Shandong Province was around 7,600-7,800 RMB/ton.
Market outlook
As of the 12th, the trading atmosphere of n-butanol on the market was average, and the support provided by downstream demand was weakening. The overall market situation of n-butanol had rebounded. SunSirs's n-butanol data analyst believes that it is expected that in the short term, the domestic Shandong n-butanol market will mainly undergo narrow adjustments, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.
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