SunSirs: Poor Demand, the N-butanol Market Was Weak This Week
March 22 2024 14:28:00 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of March 21, 2023, the reference price of n-butanol in Shandong Province, China was 7,800 RMB/ton. Compared with March 17 (reference price of n-butanol was 7,966 RMB/ton), the price decreased by 166 RMB/ton, a decrease of 2.09%.
From the data monitoring chart of SunSirs, it can be seen that this week, the domestic n-butanol market continued to show a weak downward trend. During the week, the focus of negotiations in the domestic Shandong n-butanol market continued to move towards a lower level. As of March 21, the domestic Shandong n-butanol market price reference was around 7,750-7,850 RMB/ton, with a price reduction of around 100-200 RMB/ton.
Factors influencing the market trend of n-butanol
In terms of demand: As of March 21st, downstream demand for n-butanol was weak, and downstream new orders were cautious, with only essential purchases being the main focus. Therefore, the overall support for n-butanol on the demand side was insufficient.
On the supply side: As of March 21st, the spot supply of n-butanol in the field was loose, and there was overall supply pressure on the supply side. The overall support for n-butanol from the supply side was weak.
Market outlook
As of March 21st,, the trading atmosphere in the n-butanol market was mild, and the overall supply side of n-butanol was still relatively loose. The overall support from the supply side had shown signs of improvement. After a slight boost in downstream demand, the focus was mainly on rigid demand procurement. SunSirs' n-butanol data analyst believes that in the short term, the domestic n-butanol market will mainly adjust its operation narrowly, and the specific trend still needs to pay more attention to changes in supply and demand news.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-26 SunSirs: The N-butanol Market Was Adjusted in a Range, with a Small Game between Supply and Demand
- 2024-04-22 SunSirs: This Week, the N-butanol Market Fluctuated and Fell
- 2024-04-03 SunSirs: Supply and Demand Were Weak, and the Overall Market for N-butanol Fluctuated and Fell in March
- 2024-03-15 SunSirs: Demand Recovered, and N-butanol Market Slightly Rose (March 10-13)
- 2024-03-07 SunSirs: Supply Was Under Pressure, N-butanol Market Continued to Decline in Early March
