Price trend

According to monitoring data from SunSirs, as of March 13, 2023, the reference price of n-butanol in Shandong Province, China was 8,033 RMB/ton. Compared with March 10 (reference price of n-butanol was 7,933 RMB/ton), the price increased by 100 RMB/ton, an increase of 1.26%. Compared to March 1st (reference price of n-butanol WAs 8,383 RMB/ton), the price haD been reduced by 350 RMB/ton, a decrease of 4.17%.

Analysis review

From the monitoring chart of SunSirs data, it can be seen that in early March, the domestic n-butanol market in Shandong continued to decline weakly. After entering this week, the n-butanol market finally broke the downward trend and saw a slight recovery in the market. At the beginning of the week, downstream demand for n-butanol improved overall, and a slight boost in demand provided some support for the n-butanol market. During the mid week period, the n-butanol market was consolidating and operating. As of March 13th, the domestic market price of n-butanol in Shandong region was around 8,000-8,100 RMB/ton.

Market outlook

As of March 13th, the trading atmosphere in the n-butanol market had been mild, and the overall supply side of n-butanol was still relatively loose. The overall support from the supply side had shown signs of improvement. After a slight boost in downstream demand, most of the purchases were in demand. According to the n-butanol data analyst from SunSirs, in the short term, the domestic n-butanol market will mainly adjust in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.

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