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SunSirs: The N-butanol Market Rose Slightly This Week (November 28-December 02)
December 02 2022 14:21:32SunSirs(John)

Price trend

According to the monitoring data of the business community, as of December 2, the reference price of n-butanol in Shandong Province was 7,500 yuan/ton, which was up 67 yuan/ton, or 0.90%, compared with November 28 (the reference price of n-butanol was 7,433 yuan/ton).

Analysis review

It can be seen from the data monitoring chart of the business community that this week (11.28-12.02), the n-butanol market in Shandong Province in China rose slightly. At the beginning of the week, the n-butanol market was operating steadily and consolidated. In the middle of the week, n-butanol plants in some areas were shut down for maintenance, and on-site supply was expected to decrease. In addition, the rising raw propylene market this week strengthened n-butanol cost support. On December 1, some n-butanol plants in Shandong Province slightly raised the price of n-butanol, by about 200 yuan/ton. As of December 2, the market price of n-butanol in Shandong Province was around 7,400-7,600 yuan/ton. At present, the trading atmosphere of n-butanol in the plant is mild, and the downstream purchased just in needed.

Market outlook

At present, the inquiry atmosphere in the n-butanol market is fair, and the downstream stock is mainly based on the quantity. The current supply side and the cost side give n-butanol some support, and the mentality of the industry is improving. The n-butanol data engineer of the business community believes that in the short term, the n-butanol market may be stable and stronger, and more attention should be paid to the specific information changes on the supply and demand side.

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