SunSirs: The N-butanol Market Was Adjusted in a Range, with a Small Game between Supply and Demand
April 26 2024 15:23:06 SunSirs (John)
Price trend
According to monitoring data from SunSirs, as of April 24, 2023, the reference price of n-butanol in Shandong Province, China was 7,866 RMB/ton. Compared with April 14 (reference price of n-butanol was 7,933 RMB/ton), the price decreased by 67 RMB/ton, a decrease of 0.43%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that in late April, the domestic Shandong region's n-butanol market showed an overall range adjustment operation, and the market price of n-butanol in Shandong remained fluctuating in the range of 7,700-7,900 RMB/ton. Recently, the overall supply and demand of the domestic n-butanol market had been in a slight adjustment state, with a slight game between supply and demand. Therefore, the n-butanol market industry had also made slight adjustments with changes in the transmission between supply and demand, with an adjustment range of about 50-100 RMB/ton.
Market outlook
As of April 24th, the spot supply of n-butanol in the market was stable, and downstream users were mainly purchasing at low prices for basic needs. According to the n-butanol data analyst of SunSirs, in the short term, the domestic n-butanol market in Shandong region will mainly operate with large stability and small fluctuations. The specific trend still needs to pay more attention to changes in supply and demand news.
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