SunSirs: This Week, the N-Butanol Market Rose (January 29-February 2)
February 05 2024 10:58:57 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of February 2, 2023, the reference price of n-butanol in Shandong Province, China was 8,850 RMB/ton. Compared with January 28 (reference price of n-butanol was 8,700 RMB/ton), the price increased by 150 RMB/ton, an increase of 1.72%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that this week (1.29-2.2), the overall market for n-butanol in Shandong, China, showed a steady upward trend. During the week, downstream users of n-butanol were generally in a stocking cycle, with good shipments in the n-butanol market and active buying atmosphere on the market. The boost from the demand side supported the stable and strong operation of the n-butanol market, and the overall transaction price of n-butanol was approaching a high level. As of February 2nd, the domestic market price of n-butanol in Shandong region was around 8,800-8,900 RMB/ton, with a weekly price increase of 100-200 RMB/ton.
Market outlook
As of February 2nd, the trading atmosphere in the n-butanol market had been mild, with downstream demand stocking up. The utilization rate of n-butanol production capacity had slightly increased during the week, and the overall supply and demand transmission in the market was still good. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mostly operate steadily with a stronger bias, and the specific trend still needs to pay more attention to changes in supply and demand news.
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