SunSirs: Supply Increased, N-butanol Market Fell

https://www.chemnet.com   Nov 22,2024 SunSirs

Price trend                                                

According to the Commodity Market Analysis System of SunSirs, as of November 21, 2024, the reference price of n-butanol in Shandong Province, China was 7,300 RMB/ton. Compared with November 15 (reference price of n-butanol was 7,550 RMB/ton), the price had decreased by 250 RMB/ton, a decrease of 3.31%.

Analysis review

From the commodity market analysis system of SunSirs, it can be seen that the overall n-butanol market in Shandong Province started a slight decline since the beginning of this week (11.15-11.21). The focus of negotiations in the n-butanol market had shifted downwards, and the overall market price had been lowered by 100-200 RMB/ton. As of November 21st, the n-butanol market price in Shandong region was around 7,300-7,500 RMB/ton.

Analysis of Factors Causing Weakness in the Market

Supply side: Some n-butanol plants in Shandong had completed maintenance and resumed production and operation. The overall supply of n-butanol in the plant had increased, and the support provided by the supply side for n-butanol had been reduced.

On the demand side: With the increase in supply, the wait-and-see sentiment in the n-butanol market was becoming stronger, and downstream procurement and stocking were gradually cautious, showing a cautious attitude towards the future trend. The transmission between supply and demand had weakened, and the support provided by the demand side to the n-butanol market had also loosened.

In terms of raw materials: This week, the overall market situation of propylene, the upstream raw material product of n-butanol, showed a weak downward trend. Therefore, the support of n-butanol from raw materials and cost had also weakened.

Market outlook

As of November 21, the trading atmosphere in the n-butanol market was relatively light, with a wait-and-see attitude dominating the market. Demand was mainly for small orders that were just in needed. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mainly adjust and operate within a narrow range, and specific changes in supply and demand news need to be closely monitored.

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

 Print  |    add to Favorites  |    Close