Price trend

According to the monitoring data of SunSirs, as of December 15, the reference price of n-butanol in Shandong Province was 8,400 RMB/ton. Compared with the price on December 15 (7,566 RMB/ton), the price was increased by 834 RMB/ton, or 11.01%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that this week (12.09-12.15), the n-butanol market in Shandong Province in China as a whole showed a broad rise, with an increase of 11.01% within the week. The main factors supporting the rise of n-butanol market are from the following three aspects.

On the supply side, as of the 15th, the production of n-butanol units in some parts of China decreased, the on-site inventory was controllable, and the pressure on the supply side was low, supporting the firm rising market of n-butanol.

On the demand side, the downstream replenishment of n-butanol was positive this week, the market transaction was relatively smooth, the trading atmosphere was good, and the demand side also gave support for n-butanol.

In terms of cost, the recent raw material propylene market was stable and rising, and the cost support for n-butanol was stable. As of December 15, the market price of n-butanol in Shandong Province in China was around 8,400-8,500 RMB/ton, and the weekly price increase was 200-400 RMB/ton.

Market outlook

The year 2023 is coming, and many regions in China have welcomed good news one after another. The downstream demand circulation of n-butanol has improved, and the supply is expected to decline. The n-butanol data engineer of SunSirs believes that in the short term, the domestic n-butanol market is mainly stable and stronger, and more attention should be paid to the specific information changes on the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com