According to the Commodity Market Analysis System of Shengyi Society, as of August 12, 2024, the reference price of n-butanol in Shandong Province, China was 7433 yuan/ton. Compared with August 1 (reference price of n-butanol was 7933 yuan/ton), the price has decreased by 500 yuan/ton, a decrease of 4.20%.
From the commodity market analysis system of Shengyi Society, it can be seen that in early August, the overall n-butanol market in Shandong Province, China, experienced a narrow downward trend, with strong market sentiment and cautious downstream demand. Subsequently, the decline in the n-butanol market intensified, and major factories in Shandong lowered their n-butanol shipment prices by about 200-300 yuan/ton. The overall market focus declined. As of August 12th, the n-butanol market price in Shandong Province was around 7300-7400 yuan/ton, with a decline of 6.3% in the latter half of the year.
Analysis of Factors Influencing the Market Situation of n-Butanol
On the demand side: Due to the continuous decline of more than 20 days, there is a strong wait-and-see sentiment in the n-butanol market, which has affected the purchasing enthusiasm of downstream markets. Currently, downstream n-butanol is mostly purchased with caution for essential needs, and the demand side has failed to provide effective market support.
On the supply side: Currently, the overall supply of n-butanol is relatively stable, with ample on-site supply and some regions facing supply pressure. Recently, the overall capacity utilization rate of n-butanol has decreased compared to the end of July, and the support provided by the supply side to the market is also limited.
Market price situation of n-butanol
Region/ Product/ August 12th
Shandong region/ N-butanol/ Around 7300-7400 yuan/ton
North China region/ N-butanol/ Around 7300-7450 yuan/ton
South China region/ N-butanol/ Around 7700-7800 yuan/ton
East China region/ N-butanol/ Around 7300-7500 yuan/ton
Market analysis in the future
At present, the overall trading atmosphere in the n-butanol market is relatively light, and the transmission and transformation of n-butanol supply and demand are average. The n-butanol data analyst from Shengyi Society believes that in the short term, the n-butanol market in Shandong Province, China, will mainly adjust and operate in a narrow range, and the specific trend needs to pay more attention to changes in supply and demand news.
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