SunSirs: This Week, the N-butanol Market Fluctuated and Fell

Price trend

According to monitoring data from SunSirs, as of April 19, 2023, the reference price of n-butanol in Shandong Province, China was 7,833 RMB/ton. Compared with April 14 (reference price of n-butanol was 7,933 RMB/ton), the price decreased by 100 RMB/ton, a decrease of 1.26%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that this week, the overall market for n-butanol in Shandong, China, had shown a fluctuating and declining trend. At the beginning of the week, downstream demand for n-butanol was weak, the inquiry atmosphere was poor, and the market focus was weak and downward. Subsequently, during the mid week period, the n-butanol market rebounded slightly, with some downstream buyers buying on dips and the market's focus briefly shifting upwards. Approaching the weekend, downstream demand for n-butanol had returned to a cold state, and the market situation had slightly declined again. As of April 19th, the domestic market price of n-butanol in Shandong region was around 7,800-7,900 RMB/ton.

Market outlook

As of April 19th, the trading atmosphere in the n-butanol market had been relatively light. Downstream procurement was based on quantity and demand, and overall market inquiries were cautious. SunSirs’ n-butanol data analysts believe that in the short term, the domestic n-butanol market in Shandong will mostly be adjusted to be weaker, 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.