Price trend

According to the monitoring data of SunSirs, as of October 8, the average ex factory price of domestic n-butanol was 7,366 RMB/ton. Compared with September 30 (the average reference price of n-butanol was 6,666 RMB/ton), the average price increased by 700 RMB/ton, or 10.5%. Compared with September 1 (the reference average price of n-butanol was 6,866 RMB/ton), the average price increased by 500 RMB/ton, or 7.28%.

Analysis review

It can be seen from the data monitoring chart of SunSirs that the n-butanol market in Shandong Province has seen a broad rise after the National Day holiday, with an increase of more than 10%. The main supporting factors for the upward focus of the n-butanol market come from the following three aspects:

First, in terms of supply, on the eve of the festival, the downstream of n-butanol was actively stocking up, and the manufacturer's de stocking performance was good. Therefore, after the festival, the overall inventory of the n-butanol market was low, and the supply pressure was small, supporting the market price to rise.

Second, in terms of cost, the steady rise of raw propylene market supported the cost of n-butanol, and the overall mentality of n-butanol industry was good.

Third, on the demand side, it was reported that after the National Day holiday, the storage, parking and maintenance plan of a n-butanol unit in Shandong Province might drive the downstream to continue to replenish goods after the holiday, so the overall demand side also brought some good expectations.

On October 8, the domestic market price of n-butanol in Shandong Province was around 7,300-7,400 RMB/ton, and the price increase was around 500-700 RMB/ton compared with that before the festival. The trading atmosphere of n-butanol was good.

In terms of upstream propylene, the domestic propylene (Shandong) market changed from a weak state in September, with prices rising all the way. In October, the propylene market continued to run at a high level during the holiday period. According to the data monitoring of SunSirs, the reference price of propylene was 7,620.60 RMB/ton on October 7, an increase of 7.32% compared with the beginning of September.

Market outlook

Based on the current situation, the n-butanol industry has a positive attitude towards the future market, and the current support of the n-butanol market is relatively stable. The n-butanol data engineer of SunSirs believes that in the short term, the domestic n-butanol market in Shandong will mainly be stable and strong, and more attention should be paid to the specific information on the supply and demand side.

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