SunSirs: The Focus of the N-butanol Market Continued to Decline This Week (August 12-16)

https://www.chemnet.com   Aug 19,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of August 16, 2024, the reference price of n-butanol in Shandong Province, China was 7,300 RMB/ton. Compared with August 11 (reference price of n-butanol was 7,600 RMB/ton), the price had decreased by 300 RMB/ton, a decrease of 3.95%.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that in early August, the overall market situation of n-butanol in Shandong Province, China, was weak and declining. Entering this week, at the beginning of the week, the decline in the n-butanol market did not stop, and the n-butanol market continued to decline. As the weekend approached, the market stopped falling and stabilized. As of August 16th, the reference price for n-butanol market in Shandong Province, China was 7,300-7,400 RMB/ton.

Analysis of Factors Influencing the Market Situation of n-Butanol

In terms of demand: As of August 16th, the overall performance of downstream demand for n-butanol was average. Under the continuous downward trend of n-butanol market, there was a strong wait-and-see sentiment in the market. Downstream demand was cautious in stocking up, and downstream users mainly purchased small orders for basic needs. The support for n-butanol from the demand side was insufficient.

Supply side: As of August 16th, there was little change in the supply side of n-butanol, and the overall supply side was still relatively loose, with limited support from the supply side for n-butanol.

Market outlook

As of August 16th, the overall price of n-butanol in the market was running at a low level. After the market fell to a low level, the willingness of some downstream stocking and purchasing has slightly increased. Coupled with the approaching weekend, some factories stopped for maintenance, and the supply of n-butanol in the market was tight. As the market situation approached the weekend, the shipment situation improved. The n-butanol data analyst of SunSirs believes that in the short term, the domestic n-butanol market may usher in a turning point, and the specific trend still needs to pay attention to the changes in supply and demand news.

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