SunSirs: Recently, N-butanol in Shandong Region Had Been Fluctuating and Declining (July 22-29)

https://www.chemnet.com   Jul 30,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of July 29, 2024, the reference price of n-butanol in Shandong Province, China was 8,066 RMB/ton, a decrease of 67 RMB/ton or 0.82% compared to the reference price of 8,133 RMB/ton on July 22.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that in late July (7.22-7.29), the overall n-butanol market in Shandong, China, showed an upward trend followed by a downward trend. As of July 29th, the reference price for n-butanol in the domestic Shandong region was around 8,000-8,200 RMB/ton.

Analysis of Factors Influencing the Market Situation of n-Butanol

On the demand side: In late July, there was a slight stocking of downstream demand for n-butanol, and the good performance in demand provided support for the n-butanol market. The n-butanol market rose slightly, but with the recovery of calm demand, the overall trading atmosphere in the n-butanol market became lighter, and the n-butanol market also began to decline.

On the supply side: As of July 29th, the overall supply performance of n-butanol in the market was sufficient, with loose spot inventory, and limited market support from the supply side for n-butanol.

Market outlook

As of July 29th, the trading atmosphere of n-butanol on the market was light, with downstream essential purchases being the main focus. The n-butanol data analyst from SunSirs believes that in the short term, the n-butanol market in Shandong, China will mainly experience narrow adjustments, 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.

 Print  |    add to Favorites  |    Close