Price trend

According to monitoring data from SunSirs, as of July 24, 2023, the reference price of n-butanol in the Shandong region of China was 7,566 RMB/ton. Compared with July 17 (reference price of n-butanol was 7,433 RMB/ton), the price increased by 133 RMB/ton, an increase of 5.19%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in the recent period (7.17-7.24), the domestic Shandong region's n-butanol market saw a steady upward trend. Recently, due to the shutdown and maintenance of n-butanol plants in some regions of China, the overall supply of n-butanol in the field had decreased. The tight supply provided some support to the n-butanol market, boosting the mentality of upstream and downstream. Some n-butanol factories and suppliers had raised the price of n-butanol by 100-200 RMB/ton, and the overall n-butanol market was experiencing an rise. As of July 24th, the domestic market price of n-butanol in Shandong region was around 7,500-7,700 RMB/ton. As of July 24th, the trading atmosphere of n-butanol on the site was mild, and downstream mainly stocked up.

Market outlook

As of July 24th, 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 of SunSirs predicts that in the short term, the domestic n-butanol market in Shandong region is mainly stable and stronger, 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.