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SunSirs: Demand Recovered, and N-butanol Market Rose Slightly This Week (February 13-17)
February 21 2023 09:37:50SunSirs(John)

Price trend

According to the monitoring data of SunSirs, as of February 17, 2023, the reference price of n-butanol in Shandong Province was 7,466 RMB/ton. Compared with February 13 (the reference price of n-butanol was 7,266 RMB/ton), the price increased by 200 RMB/ton, or 2.75%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that this week (2.13-2.17), the domestic n-butanol market in Shandong Province rose slightly. In the first ten days of February, due to insufficient demand, the market of n-butanol in Shandong Province continued to move downward. After falling to a low point, the transaction of low-end prices in the market improved, and the pressure on the supply side of n-butanol decreased. This week, from the middle of the week, the market gravity of n-butanol began to rise in a narrow range, with the price rising around 100-300 RMB/ton. Near the weekend, the market of n-butanol entered consolidation operation. As of February 17, the market price of n-butanol in Shandong Province was around 7,300-7,500 RMB/ton.

Market outlook

As of the 17th, the trading atmosphere of n-butanol on the market was mild, and the operators were in a good mood. The n-butanol statistician of SunSirs believed that in the short term, the domestic n-butanol market in Shandong Province was mostly stable or slightly increased, and the specific trend still needed to pay more attention to the specific news changes on the supply and demand side.

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

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