SunSirs: The N-Butanol Market in Shandong Region Saw a Slight Increase This Week (August 13-18)
August 21 2023 14:05:55 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of August 18, 2023, the reference price of n-butanol in the Shandong region of China was 7,966 RMB/ton. Compared with August 13 (reference price of n-butanol was 7,900 RMB/ton), the price increased by 66 RMB/ton, an increase of 0.84%.
Analysis review
From the data monitoring chart of SunSirs, it can be seen that this week (8.13-8.18), the domestic Shandong n-butanol market as a whole showed a slight upward trend. This week, some n-butanol units in some regions of China underwent maintenance. With the increase in unit maintenance, the pressure on the supply side had decreased, and the mentality of n-butanol manufacturers had improved. The overall market price of n-butanol in Shandong had slightly increased, with an upward range of about 100 RMB/ton. The downstream demand side of n-butanol performed well, and the atmosphere for new orders and inquiries was good. As of August 18, the domestic market price of n-butanol in Shandong was around 7,900-8,100 RMB/ton.
Market outlook
As of August 18th, the overall inventory of n-butanol waslow, and the pressure on manufacturers to ship was relatively low. The transmission between supply and demand was good. The n-butanol data analyst of SunSirs predicts that in the short term, the domestic Shandong region's n-butanol market will mainly operate in a stable and stronger manner, and the specific trend still needs to pay more attention to the specific changes in the supply and demand side news.
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