SunSirs: Recently, the Center of N-butanol Had Been Declining

https://www.chemnet.com   Jul 16,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 15, 2024, the reference price of n-butanol in Shandong Province, China was 8,200 RMB/ton. Compared with July 8 (reference price of n-butanol was 8,500 RMB/ton), the price had decreased by 300 RMB/ton, a decrease of 3.53%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that recently (7.8-7.15), the focus of the n-butanol market in Shandong Province, China had shown a downward trend. As of July 15th, the reference price for n-butanol in the domestic Shandong region was around 8,100-8,300 RMB/ton.

Analysis of Factors Influencing the Market Situation of n-Butanol

In terms of demand: Recently, the downstream demand for n-butanol had been average. After the phase of demand ended, the overall trading atmosphere in the market was relatively light, and the weak downstream market for n-butyl acetate had also weakened the support for n-butanol.

On the supply side: As of July 15th, the overall supply of n-butanol was loose, with sufficient inventory and moderate support from the supply side for the market.

Market outlook

As of July 15th, the trading volume of n-butanol in the market was light, and the atmosphere of actual inquiries was relatively quiet. The n-butanol data analyst from SunSirs believes that in the short term, the n-butanol market in Shandong, China, will mainly adjust and operate in a range, 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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