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SunSirs: Supply Was Under Pressure, N-butanol Market Continued to Decline in Early March
March 07 2024 13:54:48SunSirs(John)

Price trend

According to monitoring data from SunSirs, as of March 6, 2023, the reference price of n-butanol in Shandong Province, China was 8,133 RMB/ton. Compared with March 1 (reference price of n-butanol was 8,383 RMB/ton), the price decreased by 250 RMB/ton, a decrease of 2.98%. Compared to February 1st (reference price of n-butanol at 8,816 RMB/ton), the price had been reduced by 200 RMB/ton, a decrease of 7.75%.

Analysis review

Entering March, the overall market for n-butanol in Shandong, China continued its downward trend from the end of February. As of March 6, the low-end price of n-butanol was still available for trading, but the overall atmosphere on the market was limited. The overall supply of some n-butanol in Shandong region was relatively loose, and some factories were under certain supply pressure. Therefore, As of March 6, n-butanol factories were mainly actively offering discounts for shipments, and the overall transaction focus of n-butanol was constantly moving downwards. Some factories had quoted prices of n-butanol below 8,000 RMB/ton. As of March 6th, the domestic market price of n-butanol in Shandong region was around 7,900-8,300 RMB/ton.

Market outlook

As of March 6th, the overall supply level of n-butanol in China had improved, with factories mainly maintaining low inventory shipments and downstream users mainly restocking on dips. The overall market transactions were hovering at the low end. According to the n-butanol data analyst from SunSirs, in the short term, the domestic n-butanol market will mainly adjust and operate within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.

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