SunSirs: The Market Price of Isobutanol Was Declining, and the Atmosphere Was Average
March 14 2024 13:48:59 SunSirs (John)
Price trend
Since March, the isobutanol market has shown a downward trend. According to the Commodity Market Analysis System of SunSirs, as of March 12th, the average price of isobutanol enterprises was 8,387.50 RMB/ton, a decrease of 1.61% compared to the price on March 1st.
Analysis review
Shandong market: Factories in the region were operating at low loads, and downstream buyers were not willing to buy. Buyers mainly chose low and small orders to follow up, resulting in a weak market atmosphere and lower prices. East China market: With sufficient supply, downstream buyers were on demand, market transactions were average, and holders were actively shipping, resulting in a weak market operation.
Upstream propylene: According to the commodity market analysis system of SunSirs, the reference price of propylene on March 12th was 6,978.60 RMB/ton, an increase of 1.57% compared to March 1st (6,870.75 RMB/ton). Since entering March, upstream propylene prices had risen first and then fallen, and recent cost support for the isobutanol market had weakened.
Upstream isobutyraldehyde: According to the commodity analysis system of SunSirs, the average price of isobutyraldehyde in the domestic market was 9,000 RMB/ton on March 12th. Since March, the price of upstream isobutyraldehyde had first increased and then decreased, and there had been insufficient support for the isobutanol market in recent times.
Market outlook
SunSirs Isobutanol analysts believe that cost support was weak, downstream buying intentions were weak, and market transactions were in high demand. In the short term, the isobutanol market may experience weak and stable consolidation, and more attention should be paid to market news guidance.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
