SunSirs: Supported by Positive News, the N-Butanol Market Rose in December

Price trend

According to monitoring data from SunSirs, as of December 25, 2023, the reference price of n-butanol in Shandong Province, China was 8,866 RMB/ton. Compared with December 1 (reference price of n-butanol was 7,766 RMB/ton), the price increased by 1,100 RMB/ton, an increase of 14.16%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that December was approaching its end, and the domestic n-butanol market in Shandong Province had shown a broad upward trend overall. As of December 25, the market price of n-butanol in Shandong Province was around 8,800-8,900 RMB/ton, with an overall increase of over 14% during the month.

Let's take a look at the supporting factors that support the continuous shift of the n-butanol market towards higher levels:

In terms of supply: In December, some regions in China temporarily shut down n-butanol plants for maintenance. In the month, the overall supply of n-butanol in the field was reduced, and the spot supply of n-butanol was tight. The pressure on n-butanol factories to ship goods was relatively small, and prices were steadily adjusted upwards. Therefore, the supply side provided support to the n-butanol market.

In terms of demand: In December, temperatures in many regions of China showed a significant decrease, and some areas were affected by weather and other factors, resulting in limited logistics and transportation conditions. Therefore, some downstream stores of n-butanol were prepared in advance, and overall downstream demand was boosted. The demand side supported the upward trend of the n-butanol market towards the high-end.

Future analysis

As of December 25th, the trading atmosphere in the n-butanol market was mild, and the mentality of operators was good. As the end of the year approached, the overall stocking atmosphere in the n-butanol market was still good, and the overall downstream transmission was still good. There was some support in the market as a whole. The n-butanol data analyst from SunSirs believes that in the short term, the overall situation in the n-butanol market will mainly be stable and slightly stronger, and the specific trend still needs to pay more attention to changes in supply and demand news.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.