Price trend

According to monitoring data from SunSirs, as of September 19, 2023, the reference price of n-butanol in the Shandong region of China was 9,933 RMB/ton. Compared with September 15 (reference price of n-butanol was 10,033 RMB/ton), the price was reduced by 166 RMB/ton, an increase of 1.70%.

Analysis review

From the data monitoring chart of SunSirs, it can be seen that in the recent period (9.15-9.19), the overall market situation of n-butanol in the Shandong region of China was weak and slightly declined after consolidation. As the market for n-butanol reached a high level in the early stage, downstream wait-and-see sentiment gradually intensified. In late September, the downstream demand for n-butanol in the domestic Shandong region had weakened overall. The increase in new orders in the downstream was mainly small, and the overall stock preparation in the downstream was cautious. With the overall loosening of demand support, the n-butanol market in Shandong began to operate to be weaker. On the 19th, some n-butanol factories in Shandong region lowered the prices of n-butanol. The downward adjustment range was around 100-200 RMB/ton. As of September 19th, the domestic market price of n-butanol in Shandong region was around 9,900-10,000 RMB/ton.

Market outlook

As of September 19th, the trading atmosphere of n-butanol on the market was light, and the mentality of n-butanol operators was average. Downstream demand was mainly cautious in purchasing according to volume. SunSirs n-butanol data analysts predict that in the short term, the domestic Shandong n-butanol market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.

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