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SunSirs: The Price of n-butanol Is Rising Steadily
September 11 2019 10:15:59SunSirs(John)

  1. the price trend

  According to data monitoring of SunSirs, as of September 10, the average price of n-butanol in mainstream areas was 6833.33 RMB/ton (including tax). The price of n-butanol in mainstream areas was 133.33 RMB/ton (including tax) higher than last Monday (September 2), up by 1.99%. At present, the domestic mainstream price range of n-butanol is 6700-7200 RMB / ton.

  2.Analysis review

  Product: Since the beginning of September, the domestic n-butanol market has been in a steady, small and medium-sized upward trend. Mainstream market quotation of n-butanol is mainly stable. The quotation of individual manufacturers in Shandong has increased, and the downstream users maintain the demand for procurement. Mainstream factories of n-butanol have maintenance plans this month, and the stock level of mainstream factories is low, which has played a supporting role in the overall price rise of n-butanol. In addition, the first-class market sales have steadily supported the high-level operation of market offer, and the upstream propylene price has increased slightly, which has also led to the strong market of n-butanol in recent days. On September 10, Wanhua Chemistry's latest n-butanol quotation rose slightly. The ex-factory quotation in North China region was 6900 RMB/ton, up 100 RMB/ton from September 2, the ex-factory quotation in East China region was 7100 RMB/ton, up 50 RMB/ton from September 2, and the ex-factory quotation in South China region was 7200 RMB/ton, up 100 RMB/ton from September 2.

  Industry Chain: The recent market price of propylene in the upstream of n-butanol continued to be stable. In some areas, the price of propylene increased slightly. The price of propylene enterprises in Shandong was raised by 50~100 RMB/ton on September 2 after stabilizing on September 1. only a few enterprises increased slightly on March 3-5.Recently, all the prices of propylene have been stable. The current market turnover is around 7650 ~ 7750 RMB/ton, the mainstream price is about 7650 RMB/ton. Propylene stocks in Shandong are still low and supply is tight. With the rise of crude oil prices, the main propylene downstream manufacturers gradually recovered, and the market showed a good performance. The demand side of butyl ester downstream of n-butanol is good, and the market is stable as a whole. Maintaining the purchase of raw materials is the main demand.

  3.Market outlook

  According to the data analysis of SunSirs, in the short term, the domestic n-butanol market is expected to continue to be at a high level, and the specific trend is closely related to the upstream and downstream as well as the supply and demand.

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

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