SunSirs: The N-butanol Market Fluctuated and Fell in the First Half of 2023 (January 1-June 30)
July 06 2023 09:48:53 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of June 30, 2023, the reference price of n-butanol in the Shandong region of China was 7,316 RMB/ton. Compared with January 1 (reference price of n-butanol was 8,166 RMB/ton), the price was reduced by 850 RMB/ton, a decrease of 10.41%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that in the first half of 2023, the n-butanol market in the Shandong region of China experienced frequent fluctuations, and the overall market situation showed a fluctuating and declining trend.
In the first quarter of 2023, the n-butanol market fell first and then rose, ending the overall decline, with a 5.90% decline in the first quarter. After the New Year's Day in 2023, the market price of n-butanol briefly declined. However, as spring approached, the spot supply on the market tightened, and the n-butanol market stopped falling and retreated. After the Spring Festival, downstream demand for n-butanol was weak, and the overall market situation encountered a weak decline. In January, the n-butanol market fell by 24.5% overall. In February, due to the continuous shortage of downstream demand, the n-butanol market continued to move towards the lower end amidst fluctuations, with a decline of 12.08% in February. In March, the overall market situation of n-butanol in the Shandong region of China saw an upward trend. The downstream market of n-butanol was experiencing concentrated replenishment, and the demand side was boosting the steady upward trend of the n-butanol market. With the continuous warming of the weather, the downstream demand for n-butanol continued to gradually release, and the supply side of n-butanol was tightening. Supported by both supply and demand, the overall n-butanol market rose by 9.95% in March.
In the second quarter of 2023, in April, downstream demand for n-butanol returned to calm, with downstream digestion of raw materials being the main focus, and the overall market was operating from a high level with a decline of 7.33% during the month. In May, after the Labor Day, the supply of n-butanol in the market became tight, and the supply side supported the market to rise broadly. In the late ten days, the market supply gradually recovered, and the focus of n-butanol market fell back. In May, the n-butanol market rose first and then fell, and the overall market rose slightly. In June, the n-butanol market as a whole showed a downward trend followed by an upward trend. At the beginning of the month, there was insufficient support from the demand side for n-butanol, which hindered the supply and demand transmission of n-butanol, and the market for n-butanol continued to decline. In late June, the n-butanol market ushered in a stop falling and upward movement. Before the Dragon Boat Festival, the downstream of n-butanol ushered in periodic replenishment. The downstream demand turned better. The supply and demand of n-butanol in the market were conducted smoothly. The overall focus of the market continued to move up, with an overall increase of 2.09% in June.
Market outlook
At present, the n-butanol market is generally stable and operating. The overall trading atmosphere on the market is light, and the news is relatively calm. The n-butanol data analyst of SunSirs predicts that in the short term, the domestic Shandong region's n-butanol market will mainly adjust and operate in ranges, and the specific trend needs to pay more attention to specific news changes on the supply and demand side.
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