According to the Commodity Market Analysis System of Shengyi Society, as of October 12, 2024, the reference price of n-butanol in Shandong Province, China was 7033 yuan/ton. Compared with October 10 (reference price of n-butanol was 7166 yuan/ton), the price has decreased by 133 yuan/ton, a decrease of 1.86%.
From the commodity market analysis system of Shengyi Society, it can be seen that after the holiday, the overall n-butanol market in Shandong, China, has shown a trend of “first rising and then falling”. Downstream n-butanol has started phased stocking, and with the boost of demand, the n-butanol market has experienced a brief upward trend. The n-butanol market price in Shandong has risen to around 7100-7200 yuan/ton. After the demand gradually returned to calm, the effective support in the market was insufficient, and the focus of the n-butanol market quickly adjusted downwards, with a reduction of about 100-150 yuan/ton. On October 12th, the market price reference for n-butanol in Shandong region was around 7000-7100 yuan/ton.
On the supply side: After the holiday, the domestic n-butanol market remained stable in terms of supply, with less pressure on the overall supply side. The overall supply inventory in the market was low, and the supply side provided support for the n-butanol market.
Market analysis in the future
At present, the overall trading atmosphere in the n-butanol market is relatively light, with downstream on-demand procurement as the main focus. The transmission between supply and demand of n-butanol is weak. The n-butanol data analyst from Shengyi Society 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 information need to be closely monitored.
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