SunSirs: The N-butanol Market in Shandong Has Been Operating with Mixed Ups and Downs This Week

Price trend

According to the Commodity Market Analysis System of SunSirs, as of December 20, 2024, the reference price of n-butanol in Shandong Province, China is 7,300 RMB/ton. Compared with December 15 (reference price of n-butanol was 7,400 RMB/ton), the price has decreased by 100 RMB/ton, a decrease of 1.35%.

Analysis review

This week (12.15-12.20), the overall market situation of n-butanol in Shandong region of China showed a fluctuating downward trend. At the beginning of the week, the n-butanol market was weakly stable and operating. In the middle of the week, the shipment prices of n-butanol in some areas of Shandong Province were narrowly reduced by 100 RMB/ton, with a reference for low prices around 9,250-9,300 RMB/ton. As the weekend approached, the overall shipment of n-butanol in the market improved, and some factories raised the n-butanol prices narrowly by 50 RMB/ton. As of December 20th, the reference market price for n-butanol in Shandong Province, China is around 7,300 RMB/ton.

In terms of supply and demand: Currently, the supply of n-butanol is stable, with a slight release of downstream demand and expectations of improvement on the demand side. The transmission between supply and demand is still acceptable.

Market outlook

At present, the trading atmosphere in the n-butanol market is mild, with downstream demand for purchasing and small-scale stocking. SunSirs' n-butanol data analyst predicts that in the short term, the domestic n-butanol market will mainly be stable with small fluctuations, and specific changes in supply and demand information need to be closely monitored.

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