According to monitoring data from Business Society, as of November 16, 2023, the reference price of n-butanol in the Shandong region of China was 7616 yuan/ton. Compared with November 1 (reference price of n-butanol was 7413 yuan/ton), the price increased by 203 yuan/ton, an increase of 1.78%.
From the data monitoring chart of the Business Society, it can be seen that this week, the overall market situation of n-butanol in the Shandong region of China has shown a steady upward trend, and the trading center of the n-butanol market has been constantly exploring. Entering this week, downstream demand for n-butanol has been concentrated, and downstream replenishment and stocking have been concentrated. The inquiry atmosphere on the n-butanol market has improved, boosting confidence among operators, and the demand side has supported the recovery of the low level of the n-butanol market. As of November 16th, the domestic market price of n-butanol in Shandong region is around 7500-7700 yuan/ton, the price of n-butanol in North China region is around 7600-7700 yuan/ton, the price of n-butanol in South China region is around 8200-8350 yuan/ton, and the price of n-butanol in East China region is around 7950-8050 yuan/ton.
Aftermarket analysis of n-butanol
At present, the overall supply of n-butanol is abundant, and the supply side gives general market support. The recovery of n-butanol market is driven by the improvement of the demand side. Whether the demand side can continue to give market support needs to continue to be concerned. The n-butanol data engineer of the business society believes that in the short term, the domestic n-butanol market will mostly stabilize and adjust its operation.
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