SunSirs:The N-butanol Market in Shandong Region Experienced a Narrow Decline This Week
December 13 2024 09:53:28 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of December 12, 2024, the reference price of n-butanol in Shandong Province, China was 7,433 RMB/ton, a decrease of 33 RMB/ton or 0.90% compared to the reference price of 7,466 RMB/ton on December 6.
Analysis review
This week (12.06-12.12), the overall n-butanol market in Shandong Province, China, experienced a narrow decline. At the beginning of the week, the n-butanol market remained stable and organized, with little change in the supply side and stable supply performance. By the middle of the week, the atmosphere in the n-butanol field was becoming increasingly strong, and downstream demand was cautious. Some factories in Shandong region narrowly lowered the shipment price of n-butanol by 100 RMB/ton. As of December 12th, the domestic n-butanol market price reference in Shandong region was around 7,400-7,500 RMB/ton.
On the supply side: At the beginning of the month, after the n-butanol plant resumed operation, the overall supply of n-butanol increased. As entered this week, there was little adjustment in the market supply side, and the overall supply remained mainly loose.
In terms of demand: As of December 12th, the enthusiasm for on-site procurement of n-butanol was average, and downstream users purchased mainly based on demand.
Market outlook
As of December 12th, the trading atmosphere in the domestic n-butanol market was relatively light, with average on-site inquiries. The n-butanol data analyst from SunSirs predicts that in the short term, the domestic n-butanol market will mainly experience narrow adjustments, and specific changes in supply and demand information need to be closely monitored.
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