Price trend
According to the monitoring data of SunSirs, as of August 11, the average ex-factory price of n-butanol in Shandong was 6,700 RMB/ton, compared with August 7 (the reference price of n-butanol was 6,800 RMB/ton), the price was reduced by 100 yuan. Compared with August 1 (the reference price of n-butanol was 7,366 RMB/ton), the price was lowered by 666 RMB/ton, a decrease of 9.05%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that in the first week of August, the domestic n-butanol market in Shandong fell significantly. After entering this week, at the beginning of the week, the decline of n-butanol gradually stopped, and the overall market was weak and consolidated. However, under the lack of support from downstream demand, near the weekend of August 11, the domestic n-butanol market in Shandong fell again. Some n-butanol factories lowered the ex-factory price of n-butanol by 100-300 RMB/ton. As of August 11, the ex-factory price of n-butanol in Shandong was around 6,500-6,800 RMB/ton, down nearly 1.5% within the week. At present, the trading atmosphere in the n-butanol market is relatively light, and the rhythm of downstream stocking is calm, and most of the purchases are just in need.
In terms of upstream propylene, from the beginning of August to the 11th (8.1-8.11), the domestic propylene market in Shandong region fluctuated and fell slightly. According to the monitoring data of SunSirs, on August 10, the reference price of propylene was 7,260.60 RMB/ton, a decrease of 1.2% compared with August 1 (7,348.60 RMB/ton).
Market outlook
At present, the transaction of new orders for n-butanol is average, and some manufacturers ship at profit-cutting. The butanol data engineer of SunSirs believes that in the short term, the domestic n-butanol market in Shandong will mostly be weak and consolidate, and the specific trend needs to pay more attention to the changes in the supply and demand side.
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