SunSirs: Before the Dragon Boat Festival, the Market Focus of N-butanol Continued to Move Upward (June 16-20)
June 21 2023 10:23:02 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of June 20, 2023, the reference price of n-butanol in the Shandong region of China was 7,266 RMB/ton. Compared with June 16 (the reference price of n-butanol was 6,900 RMB/ton), the price increased by 366 RMB/ton, an increase of 5.31%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that the overall focus of the n-butanol market in Shandong continued to rise slightly before the Dragon Boat Festival in June. Before the holiday, downstream demand for n-butanol performed well, with some downstream areas stocking up on a small scale before the holiday. The demand side transmission was smooth, supporting the upward movement of n-butanol market prices. On the 19th and 20th, some n-butanol factories and suppliers raised the price of n-butanol, with a cumulative adjustment range of around 200 to 400 RMB/ton over the past two days. As of June 20th, the domestic market price of n-butanol in Shandong region was around 6,900-7,200 RMB/ton.
Market outlook
As of the 20th, the trading atmosphere in the n-butanol market was mild, and there was a phased replenishment in the downstream. The overall supply and demand of the market had improved. The n-butanol data analyst of SunSirs predicts that in the short term, the domestic Shandong region's n-butanol market will mainly fluctuate slightly in a range, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.
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