SunSirs: The N-Butanol Market Fluctuated and Rose November

Price trend

According to monitoring data from SunSirs, as of November 27, 2023, the reference price of n-butanol in Shandong Province, China was 7,766 RMB/ton. Compared with November 1 (reference price of n-butanol was 7,466 RMB/ton), the price increased by 300 RMB/ton, an increase of 4.02%.

Analysis review

From the monitoring chart of SunSirs’ data, it can be seen that from November, the overall market situation of n-butanol in the Shandong region of China has gradually been upward in fluctuations. In the early stages, the n-butanol market showed a "first decline and then rise" trend. In the first two days of the month, trading on the n-butanol exchange was light, and the market situation slightly declined. Starting from the 3rd, the n-butanol market experienced a recovery operation, with downstream stage stocking, concentrated demand for n-butanol in the market, active new orders on the exchange, and the focus of the n-butanol market continuously moving towards the high-end. As of November 10th, the market price of n-butanol in Shandong region was around 7,633 RMB/ton, with a 3.12% increase in the first half of the year.

In mid November, the market for n-butanol in Shandong region experienced a mixed trend of ups and downs. Starting from the 11th, downstream demand for n-butanol returned to calm, while the market for n-butanol fell from a high level. Starting from the 15th, n-butanol continued to welcome positive demand, with a slight correction in market focus.

In late November, the n-butanol market as a whole showed an "upward" trend, with some facilities in the n-butanol plant temporarily shut down for maintenance. The overall supply on the supply side decreased, supporting the market mentality. Downstream demand and stocking were normal, and the focus of the n-butanol market continued to rise. As of November 27th, the domestic market price of n-butanol in Shandong region was around 7,700-7,900 RMB/ton.

Market outlook

As of November 27th, the trading atmosphere within the n-butanol market was mild, and the supply and demand transmission was stable. The overall operating rate of n-butanol had slightly decreased compared to the previous period, and the supply side still provided some support to the market. The n-butanol data analyst of SunSirs believes that in the short term, the domestic n-butanol market is mainly stable, with a stronger operation. The specific trend still needs to pay more attention to the changes in supply and demand news.

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