SunSirs: On June 10th, the Market Price of N-butanol Continued to Climb Up

Price trend

According to the monitoring data of SunSirs, as of June 10, the average ex-factory price of n-butanol in Shandong was 14,900 RMB/ton. Compared with June 9, the average price was raised by 267 RMB/ton, an increase of 1.82%; Compared with the price on June 1 (the average price of n-butanol was 13,800 RMB/ton), the price was raised by 1,100 RMB/ton, an increase of 7.97%.

Analysis review

On June 10, the domestic market for n-butanol continued to move closer to the high-end, with the largest single-day increase of 500 RMB/ton. At present, the overall trading atmosphere on the market is good, the operating rate of n-butanol is low, the spot supply is tight, the inventory pressure is small, and the downstream procurement is active. Compared with the beginning of the month, the price of n-butanol in the n-butanol factory has increased by 500-1,000 RMB/ton. As of the 10th, the domestic average ex-factory price of n-butanol in Shandong rose to 14,900 RMB/ton, of which Wanhua Chemical’s ex-factory price of n-butanol in North China rose to 15,000 RMB/ton, an increase of 400 RMB/ton compared to the previous working day. Luxi Group's n-butanol ex-factory price was 15,000 RMB/ton, an increase of 300 RMB/ton compared to the previous working day, and Shandong Lihuayi Chemical's n-butanol ex-factory price was 14,700 RMB/ton, an increase of 200 RMB/ton compared with the previous working day.

On the upstream side, on June 10, the domestic propylene market in Shandong was slightly lowered, but compared with the beginning of June, the overall market still rose by 3.35%. As of the 10th, the transaction in the propylene market in Shandong rose to between 7,800 and 8,100 RMB/ton, and the mainstream price was around 7,900 RMB/ton.

Market outlook

At present, the supply of n-butanol is tight, downstream bargain-hunting purchases, the market sentiment is good, and the transmission is relatively smooth. The Butanol analyst of SunSirs believes that domestic n-butanol factories are likely to continue to offer strongly in the near future.

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