SunSirs: The N-butanol Market Fluctuated and Fell in September
September 30 2024 09:31:15 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of September 29, 2024, the reference price of n-butanol in Shandong Province, China was 6,800 RMB/ton. Compared with September 1 (reference price of n-butanol was 7,116 RMB/ton), the price had decreased by 316 RMB/ton, a decrease of 4.45%.
Analysis review
From the Commodity Market Analysis System of SunSirs, it can be seen that in September, the overall market situation of n-butanol in Shandong Province, China, showed a fluctuating downward trend. In early September, the n-butanol market continued to decline, and the market center continued to move towards lower levels. As of September 15th, the n-butanol market price in Shandong region was based on 6,666 RMB/ton, with a drop of 6.32% in early September.
In late September, after the Mid Autumn Festival, the n-butanol market ushered in a short recovery. In the post festival stage, some n-butanol units did not resume operation, and the overall operating rate in the site was reduced. The supply side provided temporary support to the market, and the market focus was moving up. However, the support provided by downstream demand to the market had generally improved. After the resumption of production, the n-butanol market experienced a rapid decline. As of September 29th, the n-butanol market price reference was around 6,700-6,900 RMB/ton.
Market outlook
As of September 29th, the trading atmosphere in the n-butanol market was mild, with some downstream companies stocking up before the holiday. The overall market demand has slightly improved, and shipments at low prices have also improved. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mainly operate with large stability and small movements, and the specific trend still needs to pay more attention to changes in supply and demand news.
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