Price trend

According to monitoring data from SunSirs, as of April 19, 2023, the reference price of n-butanol in the Shandong region of China was 7,466 RMB/ton. Compared with April 15 (reference price of n-butanol was 7,533 RMB/ton), the price decreased by 67 RMB/ton, a decrease of 0.88%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that this week (4.15-4.19), the overall market situation of n-butanol in the Shandong region of China showed a slight decline. In early April, the overall market situation of n-butanol in the Shandong region of China experienced a weak decline. This week, the overall n-butanol market continued to decline slightly, and downstream demand continued to be weak. Overall transactions on the market were average, with some n-butanol factories reducing the price of n-butanol narrowly by around 100 RMB/ton. As of April 19, the market price of n-butanol in Shandong Province was around 7,400-7,500 RMB/ton.

Market outlook

As of the 19th, n-butanol was operated to be weaker at a low level, and there was a certain wait-and-see sentiment in the market. With the upcoming May Day holiday and the possibility of phased stocking in the downstream market, there is limited risk that the n-butanol market will continue to decline. SunSirs's n-butanol data analyst believes that it is expected that in the short term, the domestic Shandong n-butanol market will mostly remain stable and consolidate, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.

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