SunSirs: Recently, the N-butanol Market Had Been Operating with Narrow Fluctuations (November 24-December 02)
December 03 2024 16:02:54 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of December 2, 2024, the reference price of n-butanol in Shandong Province, China was 7,333 RMB/ton. Compared with November 25 (reference price of n-butanol was 7,400 RMB/ton), the price had decreased by 67 RMB/ton, a decrease of 0.90%.
Analysis review
Recently (11.24-12.02), the overall market situation of n-butanol in Shandong region of China had been stable with narrow fluctuations. At the beginning of the week, the n-butanol market saw a slight increase. During the week, the market remained stable and consolidated. As the weekend approached, some regions in China had a strong willingness to ship n-butanol in the market, resulting in a narrow reduction of n-butanol shipment prices by 50-100 RMB/ton. On December 2nd, the reference price for n-butanol market in Shandong region of China was around 7,300-7,400 RMB/ton.
Supply side: As of December 2nd, some n-butanol units had resumed operation, resulting in an overall increase in supply within the site. The support provided by the supply side to the market is weak.
In terms of demand: At the end of the month, downstream demand for n-butanol showed periodic procurement. Although demand increased, there was still an increase in supply. Therefore, at the end of the month, the overall market showed a dual increase in supply and demand, with narrow fluctuations in the market.
Market outlook
As of December 2nd, the trading atmosphere in the n-butanol market was mild, and the overall supply and demand transmission in the market was weak. SunSirs' n-butanol data analyst predicts that in the short term, the domestic n-butanol market will mainly operate with large stability and small movements, and specific changes in supply and demand information need to be closely monitored.
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