SunSirs: Supported by Supply and Demand, the N-butanol Market Was Operating with an Upward Trend

https://www.chemnet.com   Nov 07,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of November 6, 2024, the reference price of n-butanol in Shandong Province, China was 7,266 RMB/ton. Compared with November 1 (reference price of n-butanol was 6,900 RMB/ton), the price had increased by 366 RMB/ton, an increase of 5.31%.

Analysis review

From the Commodity Market Analysis System of SunSirs, it can be seen that in the first week of November, the overall market situation of n-butanol in Shandong Province, China, showed a slight upward trend. Entering November, the n-butanol market was operating steadily and steadily. Entering this week, the market price of n-butanol was gradually approaching high levels, and factories and suppliers in Shandong had raised the ex factory price of n-butanol by 100-150 RMB/ton. As of November 6th, the reference price for n-butanol in the domestic Shandong region was around 7,200-7,300 RMB/ton.

On the supply side: In November, the overall supply performance of n-butanol in the field was stable, and the supply side provided stable support similar to n-butanol.

On the demand side: As of November 6th, downstream demand for n-butanol had improved, with a mild atmosphere for on-site inquiries. Overall transactions for n-butanol had also improved, and prices in the n-butanol market were gradually rising with the support of demand.

Market outlook

As of November 6th, downstream replenishment of n-butanol was relatively active, and the atmosphere in the market was gradually warming up. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mainly operate in a stable to stronger direction, and specific changes in supply and demand information need to be closely monitored.

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