SunSirs: Demand is Cautious. the Price of N-butanol Fell by more than 6%.

https://www.chemnet.com   Aug 14,2024

Price trend

According to the commodity market analysis system of SunSirs, as of August 12, 2024, the reference price of n-butanol in Shandong was 7,433 RMB/ton. Compared with August 1 (the reference price of n-butanol was 7,933 RMB/ton), the price was reduced by 500 RMB/ton, a decrease of 4.20%.

From the commodity market analysis system of SunSirs, it can be seen that in the early stage of August, the n-butanol market in Shandong Province as a whole fell in a narrow range, the wait-and-see sentiment in the n-butanol market was strong, and the downstream demand was cautious. Subsequently, the decline of the n-butanol market intensified, and Shandong major factories lowered the shipping price of n-butanol by about 200-300 RMB/ton. The overall market center of gravity fell. As of August 12, the reference price of n-butanol market in Shandong Province was around 7,300-7,400 RMB/ton, and the decline in the second half of the month was 6.3%.

Analysis review

Demand: Affected by the continuous decline for more than 20 days, the market sentiment of n-butanol is strong, and the wait-and-see sentiment has affected the purchasing enthusiasm of the downstream market. At present, the downstream of n-butanol is mostly cautious in purchasing due to rigid demand, and the demand side has failed to provide effective market support.

Supply: At present, the overall supply of n-butanol is relatively stable, the supply in the market is sufficient, and there is a certain supply pressure in some regions. Recently, the overall capacity utilization rate of n-butanol has been lowered compared with the end of July, and the support given to the market by the supply side is also limited.

n-Butanol market price situation:

Region Product August 12

Market outlook

At present, the overall trading atmosphere of n-Butanol is relatively light, and the supply and demand transmission and transformation of n-Butanol are general. The n-Butanol data analyst of Sino-Business believes that in the short term, the n-Butanol market in Shandong will mainly adjust in a narrow range, and the specific trend needs to pay more attention to the changes in the news on the supply and demand side.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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