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SunSirs: More Than Half a Month, Butanol Market Soared More Than 16%
November 18 2020 13:23:53SunSirs(John)

According to the monitoring data of SunSirs, as of November 17, the average ex-factory price of domestic n-butanol was referenced to 7,650 RMB/ton. Compared with November 13, the average price was raised by 500 RMB/ton, an increase of 6.99%; compared with November 1, the average price was raised by 970 RMB/ton, an increase of 16.20%.

Butanol market rose sharply, a half-month increase of 16.2%

At the beginning of November, the domestic market for n-butanol maintained a weak trend. During this period, some factories slightly lowered the ex-factory price of n-butanol. On the 8th, the mainstream price of n-butanol was around 6,500-6600 RMB/ton. Beginning on the 9th, users of butyl ester downstream of n-butanol have entered the market to replenish goods. The spot supply of n-butanol was tight, and the available supply sources decreased. The quotation of n-butanol factories has begun to increase, with an increase of 200-400 RMB/ton. The market entered a strong upward channel, with daily gains of 100-200 RMB/ton. On the 16th and 17th, the market price of n-butanol rose again by 400-500 RMB/ton. The ex-factory price of Luxi Chemical's n-butanol refered to 7,650 RMB/ton, an increase of 1,150 RMB/ton from the beginning of the month. The ex-factory price of Shandong Lihuayi n-butanol refered to 7,500 RMB/ton, up by 950 RMB/ton from the beginning of the month. The ex-factory quotation of Wanhua Chemical's n-butanol in North China refered to 7,800 RMB/ton, an increase of 1,100 RMB/ton from the beginning of the month.

On the upstream side, the upstream propylene market has experienced a correction since November 1. The price has risen by 200-250 RMB/ton since November. After a short period of stable price, it fell slightly by about 100 RMB/ton on the 8th and 9th and then held stable again. On the 12th, the price rose again by 50 RMB/ton, and then on the 16th and 17th, the price went up and down slightly. The current market transaction is between 6,830 and 7,200 RMB/ton, and the mainstream price is around 6,850 RMB/ton. The inventory of the manufacturers is now under control, and the sale situation is still satisfactory.

Short-term supply is still tight and the overall market for butanol is improving

At present, the domestic n-butanol market is tight, and the transactions are mostly small and medium-sized orders. Sales in various regions are stable. The mentality in the market is good. It is expected that the domestic n-butanol market will continue to improve in the short term and run at a high level.

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

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