SunSirs: The N-butanol Market Has Been Fluctuating and Rising Since November
November 27 2024 15:33:33 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of November 26, 2024, the reference price of n-butanol in Shandong Province, China was 7,400 RMB/ton. Compared with November 1 (reference price of n-butanol was 6,900 RMB/ton), the price had increased by 500 RMB/ton, an increase of 7.25%.
Analysis review
In November, the overall market situation of n-butanol in Shandong region of China showed a fluctuating upward trend. In the first ten days, some units in the n-butanol plant were temporarily shut down for maintenance, resulting in a reduction in on-site supply. Coupled with downstream demand for phased stocking, the center of n-butanol gradually approached a high level under the dual support of supply and demand. On November 15th, the market price of n-butanol in Shandong region was around 7,500-7,700 RMB/ton, with a 9.42% increase in the first half of the month.
In the later stage, the supply side equipment in the n-butanol field resumed operation and some new production capacity was put into operation. The overall supply of n-butanol in the market increased, and the support provided by the loose supply side weakened. The center of the n-butanol market began to shift downwards, and the overall price was lowered by 100-200 RMB/ton. On November 21st, the n-butanol market price in Shandong region was around 7,300 RMB/ton.
As the end of the month approached, the n-butanol on-site equipment encountered maintenance and parking, and the on-site supply tightened again. The daily supply of n-butanol decreased by about 1,100 tons, and the tight supply side once again supported the upward trend of the market. Starting from the 22nd, the focus of the n-butanol market has been adjusted upwards again. As of November 26th, the reference price of n-butanol in the domestic Shandong region was around 7,400 RMB/ton.
Market outlook
As of November 26th, although there were still production cuts and equipment under maintenance in the n-butanol field, the downstream demand for n-butanol was showing signs of weakening, with demand mainly continuing to be driven by essential purchases. In addition, after the completion of subsequent decoration and maintenance, the tight supply of n-butanol is expected to ease, and the transmission between supply and demand is expected to be weak. Therefore, the n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will continue to have moderate upward momentum, with narrow range adjustments in the market. Specific changes in supply and demand news need to be closely monitored.
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