SunSirs: N-butanol in Shandong Region Experienced a Narrow Decline in the First Week of August,

Price trend

According to the Commodity Market Analysis System of SunSirs, as of August 6, 2024, the reference price of n-butanol in Shandong Province, China was 7866 RMB/ton, a decrease of 67 RMB/ton or 0.84% compared to the reference price of 7,933 RMB/ton on August 1.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that in late July, the n-butanol market in Shandong region was weakly declining. Entering August, in the first week (8.1-8.6), the decline in the n-butanol market did not stop, and the market continued to operate with a narrow downward trend. As of August 6th, the reference price for n-butanol in the domestic Shandong region was around 7,800-7,900 RMB/ton.

Analysis of Factors Influencing the Market Situation of n-Butanol

On the demand side: The n-butanol market continued to decline, with a strong wait-and-see sentiment downstream. Purchases was mainly on demand with caution, and the overall demand transmission performance in the market was average. The support provided by the demand side to the n-butanol market was weak.

In terms of supply: As entering August, the production of n-butanol units has increased, and the overall supply of n-butanol was abundant, with some factories facing certain supply pressures. The supply side was unable to provide effective support for the n-butanol market, and the market situation continued to decline.

Market outlook

As of August 6th, the trading atmosphere in the n-butanol market was average, and the transmission of n-butanol supply and demand was still slow. The n-butanol data analyst from SunSirs believes that in the short term, the n-butanol market in Shandong, China, will mainly adjust within a certain range, and the specific trend needs to pay more attention to changes in supply and demand news.

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