SunSirs--China Commodity Data Group

Sign In

Join Now

Home > Commodity News > News Detail
Commodity News
SunSirs: Demand Was Flat and the Price of N-butanol Dropped 4.17% Weekly (December 7-11)
December 14 2020 13:34:41SunSirs(John)

Price trend

According to the monitoring data of SunSirs, as of December 11, the average ex-factory price of domestic N-butanol was referenced to 8,816 RMB/ton. Compared with the price on December 6, the average price was lowered by 380 RMB/ton, a decrease of 4.17%; Compared with December 1, the average price was lowered by 280 RMB/ton, a decrease of 3.11%.

N-butanol began to fluctuate at the beginning of the month, the market as a whole fell this week

Entering December, the domestic market for N-butanol began to fluctuate on the 3rd and 4th, and the market quotes went up and down. Then the market trend fell all the way, with a decline of 100-200 RMB/ton. Entering this week, the decline of N-butanol has been more pronounced. The decline was mainly due to the lack of market response on the demand side, replenishment was just needed, market transactions were light, and the downstream was resistant to high prices. Therefore, due to insufficient demand support, the N-butanol factories in various regions in China have lowered the ex-factory prices of N-butanol by 200-400 RMB/ton.

On the upstream side, on December 10, the price of propylene in the Shandong region declined individually. According to the monitoring data of SunSirs, propylene prices continued to rise in late November, with an increase of over 12%. From the end of the month to the beginning of the month, the price stabilized again. On the 4th, an overall upward trend began. From the 3rd to the 8th, the price rose by about 450 RMB/ton, an increase of 5.90%. Prices remained stable on the 9th. On the 10th, individual companies made up the rise, and some companies' prices fell slightly. On the 11th, the market transaction price was between 8,100-8,300 RMB/ton, and the mainstream price was 8,100-8,150 RMB/ton. At present, manufacturers have no pressure on inventory, supply is tight, and sales are good.

In terms of crude oil, on December 10, the U.S. WTI crude oil futures market price rose sharply, with the settlement price of the main contract at 46.78 US dollars per barrel, an increase of 1.26 US dollars or 2.8%. The price of Brent crude oil futures market rose sharply, and the main contract settlement price was reported at 50.25 US dollars per barrel, an increase of 1.39 US dollars or 2.8%. International oil prices WTI and Brent both rose sharply on Thursday. Brent broke through the 50 US dollars mark, mainly due to the positive boost from vaccines and the start of large-scale vaccination. The market expects a rebound in fuel demand, coupled with the news that Iraq’s oil wells were attacked. These benefits offset the negative impact of the substantial increase in US commercial crude oil inventories.

The downstream just needed to purchase mainly, and the N-butanol will continue to consolidate

This week, the N-butanol market fell overall. As of the end of the week, the downstream just needed to purchase mainly, and the current factory inventory is still low. Therefore, the N-butanol data analyst of SunSirs believes that under the support of low inventory, the short-term N-butanol market will consolidate and operate stably.

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

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products