Price trend

According to the monitoring data of SunSirs, as of September 2, the average ex-factory price of domestic n-butanol was 7,000 RMB/ton. Compared with August 28 (the average reference price of n-butanol was 6,566 RMB/ton), the average price increased by 434 RMB/ton, an increase of 6.60%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that in the first week of September (8.29-9.2), the domestic n-butanol market in Shandong was on the rise as a whole. Since the beginning of the week, the release of downstream demand for n-butanol improved, the trading atmosphere in the market was active, and the market mentality was positive. The n-butanol market was steadily rising, with a single-day increase of around 100-200 RMB/ton. As of the weekend of September 2, the price of n-butanol in Shandong was around 6,950-7,050 RMB/ton, and the cumulative increase in the week was around 300-500 RMB/ton. The transaction in the n-butanol market was stable and the atmosphere was normal.

In terms of upstream propylene, this week (8.29-9.2), the domestic propylene market in Shandong was on the rise as a whole. According to the data monitoring of SunSirs, on September 1, the reference price of propylene was 7,100.60 RMB/ton, a decrease of 3.37% compared with August 1 (7,348.60 RMB/ton).

Market outlook

At present, the n-butanol market is running steadily at a high level, and the supply and demand transmission in the market has improved compared with the previous period. The n-butanol data engineer of SunSirs believes that in the short term, the domestic n-butanol market in Shandong will be stable and consolidate. Specifically, it is necessary to pay more attention to the changes in raw materials and news on the supply and demand side.

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