SunSirs: Returning after the Holiday, the N-butanol Market Was Experiencing a Recovery

https://www.chemnet.com   Sep 20,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 19, 2024, the reference price of n-butanol in Shandong Province, China was 6,750 RMB/ton. Compared with September 13 (reference price of n-butanol was 6,666 RMB/ton), the price had increased by 84 RMB/ton, an increase of 1.25%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that in early September, the n-butanol market in Shandong Province, China, experienced a downward trend. After the return of the Mid-Autumn Festival, the n-butanol market in Shandong had finally warmed up. As of September 18, the n-butanol market in Shandong had referred to 6,700-6,800 yuan tons, and the post festival price had increased by 100-150 RMB/ton.

Analysis of Factors Influencing the Market Situation of n-Butanol

On the supply side: After the holiday, some domestic n-butanol plants were unable to resume operation in a timely manner, and the overall operating rate of n-butanol had decreased compared to the previous period. The pressure on the n-butanol supply side had been reduced, and the n-butanol market had been boosted by supply support.

On the demand side: As of September 19th, the downstream demand for n-butanol was relatively stable, with demand mainly focused on rigid procurement. The inquiry atmosphere on the demand side had become active, and the overall support for n-butanol on the demand side had also slightly improved.

Market outlook

As of September 19th, the confidence of n-butanol operators had improved, and the overall market atmosphere had rebounded. SunSirs' n-butanol data analyst believes that in the short term, the domestic n-butanol market will mainly operate steadily and warmly, and the specific trend still needs to pay more attention to changes in supply and demand news.

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