According to the Commodity Market Analysis System of Shengyi Society, as of August 16, 2024, the reference price of n-butanol in Shandong Province, China was 7300 yuan/ton. Compared with August 11 (reference price of n-butanol was 7600 yuan/ton), the price has decreased by 300 yuan/ton, a decrease of 3.95%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that in early August, the overall market situation of n-butanol in Shandong Province, China, was weak and declining. Entering this week, at the beginning of the week, the decline in the n-butanol market did not stop, and the n-butanol market continued to decline. As the weekend approached, the market stopped falling and stabilized. As of August 16th, the reference price for n-butanol market in Shandong Province, China is 7300-7400 yuan/ton.
Analysis of Factors Influencing the Market Situation of n-Butanol
In terms of demand: Currently, the overall performance of downstream demand for n-butanol is average. Under the continuous downward trend of n-butanol market, there is a strong wait-and-see sentiment in the market. Downstream demand is cautious in stocking up, and downstream users mainly purchase small orders for basic needs. The support for n-butanol from the demand side is insufficient.
Supply side: Currently, there is little change in the supply side of n-butanol, and the overall supply side is still relatively loose, with limited support from the supply side for n-butanol.
Market price situation of n-butanol
Region/ Product/ August 16th
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 market price of n-butanol is running at a low level. After the market drops to a low level, some downstream stocking and purchasing intentions have slightly increased. Coupled with the approaching weekend, some factories have stopped for maintenance, and the supply of n-butanol in the market is tight. As the market situation approaches the weekend, the shipment situation improves. The n-butanol data analyst of Business Society believes that in the short term, the domestic n-butanol market situation may usher in a turning point, and the specific trend still needs to pay attention to the changes in supply and demand news.
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