SunSirs: This Week, the N-Butanol Market First Fell and Then Rose (January 1-5)

Price trend

According to monitoring data from SunSirs, as of January 5, 2023, the reference price of n-butanol in Shandong Province, China was 8,716 RMB/ton. Compared with January 1 (reference price of n-butanol was 8,700 RMB/ton), the price increased by 16 RMB/ton, an increase of 0.19%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that this week, the overall market situation of n-butanol in Shandong, China showed a trend of first falling and then rising. At the beginning of the week, the trading atmosphere on the n-butanol market was light, with limited transactions. The n-butanol market was weakly declining, and the n-butanol factory quotation was lowered by about 100 RMB/ton. In the mid week stage, some devices in the n-butanol plant were shut down for maintenance, and downstream demand for n-butanol improved. The inquiry atmosphere in the plant warmed up, and the n-butanol market began to decline before rebounding. The overall market price returned to the early week level with a slight breakthrough. As of January 5th, the domestic market price of n-butanol in Shandong region was around 8,650-8,800 RMB/ton.

Market outlook

As of January 5th, the trading atmosphere in the n-butanol market was mild, and downstream demand and stocking were good. The overall market sentiment improved. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market in Shandong region will mainly operate steadily with a stronger trend, and the specific trend still needs to pay more attention to changes in supply and demand news.

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