SunSirs: Supported by Supply and Demand, the N-butanol Market Was Moving Upwards Again

https://www.chemnet.com   Jun 21,2024 SunSirs

Price trend

According to the commodity market analysis system of SunSirs, as of June 20, 2024, the reference price of n-butanol in Shandong Province, China was 9,166 RMB/ton. Compared with June 14 (reference price of n-butanol was 9,000 RMB/ton), the price increased by 166 RMB/ton, an increase of 1.85%; Compared with June 1st (reference price of n-butanol at 8,366 RMB/ton), the price had increased by 800 RMB/ton, an increase of 9.56%.

Analysis review

From the commodity market analysis system of the SunSirs, it can be seen that in early June, with the comprehensive support of supply and demand, the domestic market for n-butanol in Shandong Province saw a broad increase. On June 10th, the market price of n-butanol in Shandong Province was around 9,150-9,250 RMB/ton, with a ten day increase of 9.96%.

By mid month, some units of n-butanol had resumed operation, and downstream demand had slightly weakened. The high price of n-butanol has slightly declined. On June 14th, the market price of n-butanol in Shandong region fell back to around 9,000 RMB/ton.

Entering this week (6.15-6.20), the overall market for n-butanol in Shandong, China, was once again experiencing a stronger performance. The spot supply side of n-butanol was tight, and downstream demand had increased. Supply and demand had once again provided market support, and the focus of the n-butanol market was constantly approaching high levels. As of June 20th, the domestic market price for n-butanol in Shandong was around 9,100-9,300 RMB/ton.

Future analysis

As of June 20th, the trading atmosphere on the n-butanol market was mild, and the n-butanol industry had a good mentality. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mainly operate steadily and positively, 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.

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