SunSirs: In April, the N-butanol Market in Shandong Region Experienced a Volatile and Downward Trend

Price trend

According to monitoring data from SunSirs, as of April 30, 2023, the reference price of n-butanol in Shandong Province, China was 7,833 RMB/ton. Compared with April 1 (reference price of n-butanol was 7,950 RMB/ton), the price decreased by 117 RMB/ton, a decrease of 1.47%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that in April, the n-butanol market in Shandong Province, China, as a whole, showed a trend of frequent fluctuations and ending with a decline. In early April, approaching the eve of the Qingming Festival, the trading volume of n-butanol market turned weak, and the market price fell to the low point of the month. Downstream users sought to stock up on dips, and with demand boosting, the market quickly rebounded. However, after a brief rise, the demand side returned to calm, and the price of n-butanol market also began to fall. Some downstream users started to stage stocking, and the n-butanol market began to fluctuate with the continuous changes in demand. As of April 30th, the domestic market price of n-butanol in Shandong region was around 7,800-7,900 RMB/ton, and compared with the beginning of the month, the price had been reduced by about 100-150 RMB/ton.

Market outlook

As of April 30th, the overall trading atmosphere in the domestic Shandong region's n-butanol market was quiet and mild. Downstream demand was manifested as rigid demand procurement, and the pressure on the supply side of n-butanol factories was still acceptable. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mostly adjust slightly, and the specific trend still needs to pay more attention to changes in supply and demand news.

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