Price trend

According to monitoring data from SunSirs, as of January 31, 2023, the reference price of n-butanol in Shandong Province, China was 8,816 RMB/ton. Compared with January 1 (reference price of n-butanol was 87,00 RMB/ton), the price increased by 116 RMB/ton, an increase of 1.34%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in January, the overall n-butanol market in Shandong Province, China, experienced a slight increase and ended in a fluctuating upward and downward trend. In early January, the n-butanol market experienced mixed ups and downs. At the beginning of the month, the trading atmosphere in the n-butanol alcohol field was light, with limited transactions, and the n-butanol market was weakly declining. With the shutdown and maintenance of some devices in the n-butanol field, the supply of n-butanol was reduced, and downstream inquiries were active. With the support of supply and demand, the n-butanol market was facing an upward trend. In the middle of the month, some facilities resumed production, and the supply of n-butanol gradually relaxed, weakening market support, and the n-butanol market began to decline. As of January 15th, the domestic market price of n-butanol in Shandong region was around 8,700-8,800 RMB/ton, with an increase of 0.57% in the first half of the month.

In late January, the n-butanol market continued to fluctuate frequently, and the overall market showed a fluctuating upward trend. In late January, some units shut down again, and the supply of n-butanol was slightly tight. Starting from the 19th, the overall market price of n-butanol saw a brief upward trend. As the end of the month approached, many downstream users were entering the Spring Festival stocking cycle, and the overall market atmosphere was good, driving the focus of the n-butanol market up. As of January 31st, the market price of n-butanol in Shandong Province, China, was around 8,800-8,900 RMB/ton, with a 1.93% increase in the latter half of the month.

Market outlook

As of January 31st, the trading atmosphere in the n-butanol market was mild, and there were still some users stocking up on the downstream demand side of n-butanol. The overall inquiry atmosphere in the market was good. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market in Shandong region will mostly operate steadily with a stronger bias, and the specific trend still needs to pay more attention to changes in supply and demand news.

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