SunSirs: Under the Pressure of Negative Factors, N-butanol Had Been Operating in a Downward Trend This Week

https://www.chemnet.com   Oct 18,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of October 17, 2024, the reference price of n-butanol in Shandong Province, China was 6,833 RMB/ton, a decrease of 133 RMB/ton or 1.86% compared to the reference price of 7166 RMB/ton on October 10.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that this week, the overall market situation of n-butanol in Shandong Province, China, showed a weak downward trend. The center of the n-butanol market had been gradually moving towards lower levels, with a price reduction of 100-200 RMB/ton during the week. As of October 18th, the reference price for n-butanol market in Shandong, China is around 6,800-7,000 RMB/ton.

Supply and demand situation: As of October 17th, the overall supply of n-butanol in the market had increased, and there was a certain supply pressure on the supply side. Downstream demand was cautious, and supply and demand transmission was relatively slow. The overall supply and demand support for the n-butanol market was insufficient.

Market outlook

As of October 17th, the overall trading atmosphere in the n-butanol market was light, and there is a strong wait-and-see sentiment in the market. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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