SunSir: This Week, the N-butanol Market Showed an Overall Upward Trend (June 9-15)
June 16 2023 14:38:56 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of June 14, 2023, the reference price of n-butanol in the Shandong region of China was 6,900 RMB/ton. Compared with June 11 (reference price of n-butanol was 6,616 RMB/ton), the price increased by 284 RMB/ton, an increase of 4.28%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (6.9-6.6.15), the domestic butanol market in Shandong region showed an overall upward trend. This week, the downstream demand for n-butanol in the Shandong region recovered, and the support provided by the demand side for the market was strengthened. The overall n-butanol market had steadily risen and operated, with a price increase of around 200 to 400 RMB/ton during the week. On June 15th, the pace of some factories' shipments slowed down, with a slight downward adjustment of about 100 RMB in the price of n-butanol. As of June 15th, the domestic market price of n-butanol in Shandong region was referenced around 6,900-7,000 RMB/ton. The trading atmosphere of n-butanol on the market was mild.
Market outlook
As of the 15th, the transaction atmosphere in the n-butanol market had warmed up, with periodic replenishment in the downstream, and the overall supply and demand circulation of the market had improved. The n-butanol data analyst from SunSirs predicts that in the short term, the domestic Shandong region's n-butanol market will mainly fluctuate slightly in a range, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.
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