SunSirs: Returning after the Holiday, the N-butanol Market Was Rising
October 10 2024 15:39:09 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of October 9, 2024, the reference price of n-butanol in Shandong Province, China was 7,086 RMB/ton. Compared with October 1 (reference price of n-butanol was 6,813 RMB/ton), the price had increased by 273 RMB/ton, an increase of 4.01%.
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.
On the supply side: After the holiday, the domestic n-butanol market remained stable in terms of supply, with less pressure on the overall supply side. The overall supply inventory in the market was low, and the supply side provided support for the n-butanol market.
On the demand side: After the holiday, downstream demand procurement for n-butanol performed well, and downstream users were more active in restocking, driving the n-butanol market to rise on the demand side.
Market outlook
As of October 9th, the trading atmosphere in the n-butanol market was mild, with some downstream companies stocking up before the holiday. The overall market demand had slightly improved, and shipments at low prices had 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 fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.
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