SunSirs: The Trend of the N-butanol Market in Shandong Region Was Upward Overall (July 17-21)
July 25 2023 10:04:09 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of July 24, 2023, the reference price of n-butanol in the Shandong region of China was 7,566 RMB/ton. Compared with July 17 (reference price of n-butanol was 7,433 RMB/ton), the price increased by 133 RMB/ton, an increase of 5.19%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that in the recent period (7.17-7.24), the domestic Shandong region's n-butanol market saw a steady upward trend. Recently, due to the shutdown and maintenance of n-butanol plants in some regions of China, the overall supply of n-butanol in the field had decreased. The tight supply provided some support to the n-butanol market, boosting the mentality of upstream and downstream. Some n-butanol factories and suppliers had raised the price of n-butanol by 100-200 RMB/ton, and the overall n-butanol market was experiencing an rise. As of July 24th, the domestic market price of n-butanol in Shandong region was around 7,500-7,700 RMB/ton. As of July 24th, the trading atmosphere of n-butanol on the site was mild, and downstream mainly stocked up.
Market outlook
As of July 24th, the trading atmosphere in the n-butanol market was still good, with some n-butanol devices undergoing maintenance and supply side providing some support to the market. The n-butanol data analyst of SunSirs predicts that in the short term, the domestic n-butanol market in Shandong region is mainly stable and stronger, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.
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