SunSirs: The Shandong N-butanol Market Saw a Slight Decline This Week (April 15-19)
April 20 2023 10:47:23 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of April 19, 2023, the reference price of n-butanol in the Shandong region of China was 7,466 RMB/ton. Compared with April 15 (reference price of n-butanol was 7,533 RMB/ton), the price decreased by 67 RMB/ton, a decrease of 0.88%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (4.15-4.19), the overall market situation of n-butanol in the Shandong region of China showed a slight decline. In early April, the overall market situation of n-butanol in the Shandong region of China experienced a weak decline. This week, the overall n-butanol market continued to decline slightly, and downstream demand continued to be weak. Overall transactions on the market were average, with some n-butanol factories reducing the price of n-butanol narrowly by around 100 RMB/ton. As of April 19, the market price of n-butanol in Shandong Province was around 7,400-7,500 RMB/ton.
Market outlook
As of the 19th, n-butanol was operated to be weaker at a low level, and there was a certain wait-and-see sentiment in the market. With the upcoming May Day holiday and the possibility of phased stocking in the downstream market, there is limited risk that the n-butanol market will continue to decline. SunSirs's n-butanol data analyst believes that it is expected that in the short term, the domestic Shandong n-butanol market will mostly remain stable and consolidate, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.
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