SunSirs: Poor Demand, N-butanol Market Continues to Decline in the First Week of September

https://www.chemnet.com   Sep 05,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 4, 2024, the reference price of n-butanol in Shandong Province, China was 7,000 RMB/ton. Compared with August 31 (reference price of 7,116 RMB/ton), the price has decreased by 116 RMB/ton, a decrease of 1.64%. Compared with August 1 (reference price of 7,933 RMB/ton), the price has decreased by 933 RMB/ton, a decrease of 10.71%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that in August, the overall n-butanol market in Shandong Province, China, has been declining. Entering September, the overall atmosphere of the n-butanol market has not improved significantly, and the focus of the n-butanol market continued to move towards lower levels. Some factories in Shandong have once again lowered the price of n-butanol, with a reduction of 50-150 RMB/ton. As of September 4th, the n-butanol market in Shandong was around 6,950-7,050 RMB/ton.

Analysis of Factors Influencing the Market Situation of n-Butanol

In terms of demand: In the first week of September, downstream demand for n-butanol performed poorly, with strong sentiment in the n-butanol market. Operators were cautious in their operations, and demand transmission was slow, resulting in insufficient overall support for n-butanol demand.

On the supply side: As we enter September, the overall supply of n-butanol in the market was relatively loose, and some factories were gradually starting to operate. The operating rate of n-butanol has increased. At the beginning of the month, the overall supply pressure of n-butanol has not decreased, and the support provided by the supply side to the market was weak.

Market outlook

As of September 4th, the trading atmosphere of n-butanol in the market was average, and the negotiation atmosphere in the market was slightly weak. The n-butanol data analyst from SunSirs believes that in the short term, the n-butanol market in Shandong Province will mainly be weaker, and the specific trend still needs to pay more attention to changes in supply and demand news.

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