According to the Commodity Market Analysis System of Shengyi Society, as of February 18, 2025, the reference price of n-butanol in Shandong Province, China is 7283 yuan/ton. Compared with February 14 (reference price of n-butanol is 7323 yuan/ton), the price has decreased by 40 yuan/ton, a decrease of 0.55%.
Entering this week, the n-butanol market in Shandong, China, has experienced a narrow decline. At the beginning of the week, some n-butanol factories in Shandong province narrowly reduced the price of n-butanol by about 20-50 yuan/ton. As of February 18th, the reference price for n-butanol market in Shandong region is around 7200-7400 yuan/ton.
Analysis of Market Factors
On the demand side: At the beginning of the week, the trading atmosphere in the n-butanol market was light, and the demand inquiry performance was poor. Some n-butanol factories offered discounts for shipments, and downstream users made purchases at low prices. The overall market focus slightly shifted downwards.
On the supply side: Currently, due to cautious demand, some n-butanol factories are facing certain supply pressure on the overall supply side to ensure low inventory levels, and the market support provided by the supply side is limited.
In terms of cost: As we enter this week, the upstream raw material propylene market has experienced a slight decline overall. The support for n-butanol on the cost side has weakened. On February 18th, the reference price of propylene was 6835.75 yuan/ton, a decrease of 0.62% compared to February 14th (6878 yuan/ton).
Market analysis in the future
At present, the atmosphere of on-site negotiations for n-butanol is relatively low, and the mentality of industry players is average. The transmission of supply and demand has slowed down. The n-butanol data analyst from Shengyi Society believes that in the short term, the domestic n-butanol market will mainly consolidate and operate after a slight decline, and specific changes in supply and demand news need to be closely monitored.
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