According to the Commodity Market Analysis System of Shengyi Society, as of September 19, 2024, the reference price of n-butanol in Shandong Province, China was 6750 yuan/ton. Compared with September 13 (reference price of n-butanol was 6666 yuan/ton), the price has increased by 84 yuan/ton, an increase of 1.25%.
From the commodity market analysis system of Shengyi Society, it can be seen that in early September, the n-butanol market in Shandong Province, China, experienced a downward trend. After the return of the Mid-Autumn Festival, the n-butanol market in Shandong has finally warmed up. As of September 18, the n-butanol market in Shandong has referred to 6700-6800 yuan tons, and the post festival price has increased by 100-150 yuan tons.
Analysis of Factors Influencing the Market Situation of n-Butanol
On the supply side: After the holiday, some domestic n-butanol plants were unable to resume operation in a timely manner, and the overall operating rate of n-butanol has decreased compared to the previous period. The pressure on the n-butanol supply side has been reduced, and the n-butanol market has been boosted by supply support.
On the demand side: Currently, the downstream demand for n-butanol is relatively stable, with demand mainly focused on rigid procurement. The inquiry atmosphere on the demand side has become active, and the overall support for n-butanol on the demand side has also slightly improved.
Market price situation of n-butanol
Region/ Product/ September 19th
Shandong region/ N-butanol/ Around 6700-6800 yuan/ton
North China region/ N-butanol/ Around 6700-6800 yuan/ton
South China region/ N-butanol/ Around 7100-7200 yuan/ton
East China region/ N-butanol/ Around 6900-7000 yuan/ton
Market analysis in the future
At present, the confidence of n-butanol operators has improved, and the overall market atmosphere has rebounded. Business Society’s n-butanol data analyst believes that in the short term, the domestic n-butanol market will mainly operate steadily and warm, and the specific trend still needs to pay more attention to changes in supply and demand news.
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