SunSirs: Entering July, N-butanol Ushered in a Low-Level Recovery

https://www.chemnet.com   Jul 09,2024 SunSirs

Price trend

According to the commodity market analysis system of SunSirs, as of July 8, 2024, the reference price of n-butanol in Shandong Province, China was 8,500 RMB/ton. Compared with July 1 (reference price of n-butanol was 8,433 RMB/ton), the price increased by 67 RMB/ton, an increase of 0.79%.

Analysis review

From the analysis system of the commodity market of SunSirs, it can be seen that as July approached, the domestic n-butanol market in Shandong region had seen an overall recovery, with market prices steadily rising and rising at low levels. As of July 8th, the domestic market price of n-butanol in Shandong region was around 8,400-8,600 RMB/ton, with an increase of about 100-200 RMB/ton compared to the beginning of the month.

Analysis of factors influencing the market situation of n-butanol

In terms of demand: As entering July, the downstream market demand for n-butanol was gradually releasing. Compared with the end of June, the overall performance of the downstream demand side for n-butanol had improved, providing stronger market support for the n-butanol market.

In terms of supply: As of July 8th, the supply side of n-butanol was performing steadily, the market was operating steadily, and the overall pressure on the supply side was not high. Shipments were made on demand, and the support provided by the supply side for n-butanol was still acceptable.

Future analysis

As of July 8, 2024, the trading temperature of n-butanol on the market had been relatively smooth, and the transmission between supply and demand was relatively smooth. The downstream demand for n-butanol will continue to be slightly released. The n-butanol data analyst from SunSirs believes that in the short term, the domestic market for n-butanol in Shandong region is expected to operate steadily and improve, and the specific trend still needs to pay more attention to changes in supply and demand news.

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