SunSirs: Demand Weakened, and the Market for N-butanol Fell Back from a High Level

https://www.chemnet.com   Jun 27,2024 SunSirs

Price trend

According to the commodity market analysis system of SunSirs, as of June 27, 2024, the reference price of n-butanol in Shandong Province, China was 8,900 RMB/ton. Compared with June 20 (reference price of n-butanol was 9,166 RMB/ton), the price decreased by 266 RMB/ton, a decrease of 2.91%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that in recent days (6.20-6.27), the domestic Shandong region's n-butanol market had fallen from a high level. After the initial demand for n-butanol ended, the overall demand for n-butanol had weakened, and the support provided by the demand side to the market was average. The trading atmosphere on the market was average, and the focus of negotiations in the n-butanol market was moving downwards. As of June 27th, the domestic Shandong region's n-butanol market price was around 8,700-9,000 RMB/ton.

Market outlook

At present, the overall supply side of the n-butanol factory is still operating at a low level, and the supply side is relatively stable, providing certain support to the market. The downstream demand market is cautious, and the demand side has loosened slightly. The n-butanol data analyst of SunSirs believes that in the short term, the domestic n-butanol market will mainly consolidated to be stable overall, and the specific trend still needs to pay more attention to the changes in news on the supply and demand side.

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