Price trend

According to monitoring data from SunSirs, as of July 11, 2023, the reference price of n-butanol in the Shandong region of China was 7,500 RMB/ton. Compared with July 5 (reference price of n-butanol was 7,283 RMB/ton), the price increased by 217 RMB/ton, an increase of 2.97%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in the recent period (7.5-7.11), the domestic Shandong n-butanol market showed a steady upward trend as a whole. The trading atmosphere of n-butanol on the market was good, and there was a small range of stage stocking downstream. New orders for n-butanol improved, and the overall n-butanol market was experiencing a recovery. The center of gravity of n-butanol prices was constantly moving upward. As of July 11, the domestic Shandong n-butanol market reference price was around 7,300-7,700 RMB/ton.

Market outlook

As of July 11th, the trading atmosphere in the n-butanol market was still good, with some n-butanol devices undergoing maintenance and supply side providing some support to the market. The n-butanol data analyst from SunSirs predicts that in the short term, the domestic Shandong n-butanol market will mainly be stable and stronger, and the specific trend still needs to pay more attention to the specific changes in supply and demand news.

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