SunSirs: Supported by Positive Factors, N-butanol Rose by 9% after the Festival

https://www.chemnet.com   Oct 17,2022 SunSirs

　　According to the monitoring data of SunSirs, after returning from the National Day holiday in October, the market center of n-butanol in Shandong Province has moved up. As of October 17, the reference price of n-butanol in Shandong Province was 7,266 RMB/ton, which was 600 RMB/ton higher than that on September 30 before the festival (6,666 RMB/ton), an increase of 9%.

　　Analysis review

　　It can be seen from the data monitoring chart of SunSirs that the n-butanol market in Shandong Province saw a broad rise after the National Day, with a rise of 9%. The main supporting factors for the upward focus of the n-butanol market came from the following three aspects:

　　First, on the supply side, on the eve of the festival, the downstream of n-butanol was actively stocking up, and the manufacturer's de stocking performance was good. Therefore, after the festival, the overall inventory of the n-butanol market was low, the supply side was tight, and the supply pressure was small, supporting the market price to rise.

　　Second, in terms of cost, the steady rise of propylene market as raw material supported the cost of n-butanol, and the overall attitude of n-butanol industry was positive.

　　Third, on the demand side, it was reported that after the National Day holiday, a n-butanol plant in Shandong Province had a parking maintenance plan. Under the condition that the on-site inventory remained low, it might drive the downstream to continue to concentrate on replenishment after the festival. Therefore, the demand side as a whole also brought some good expectations. After the holiday, the trading atmosphere in the n-butanol plant was good, and the downstream procurement mentality was good.

　　As of October 17, the market price of n-butanol in Shandong Province in China was around 7,100-7,300 RMB/ton, and the price increase was around 400-600 RMB/ton compared with that before the festival. Among them, the ex factory quotation of n-butanol of Luxi Chemical was about 7,100 RMB/ton; The ex factory price of Shandong Lihuayi n-butanol was about 7,200 RMB/ton.

　　In terms of upstream propylene, in October, after the National Day holiday, the domestic propylene market was running in shock as a whole. According to the data monitoring of SunSirs, on October 14, the reference price of propylene was 7,620.60 RMB/ton, which was basically the same as that on October 1 (7,620.60 RMB/ton).

　　Market outlook

　　At present, the raw material propylene market has fallen slightly, and the cost support given to n-butanol has been somewhat loose compared with the previous period. On the 17th, the overall n-butanol market in Shandong Province fell with the focus of raw materials. According to the n-butanol data engineer of SunSirs, in the short term, the domestic n-butanol market in Shandong will mainly be stable with small adjustment, and more attention should be paid to the specific information changes on the supply and demand side.

 Print  |    add to Favorites  |    Close