According to the monitoring data of SunSirs, as of September 29, the average ex factory price of domestic n-butanol was 6,733 RMB/ton. Compared with September 1 (the average reference price of n-butanol was 6,866 RMB/ton), the average price decreased by 133 RMB/ton, or 1.94%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that since September (9.1-9.29), the domestic n-butanol market in Shandong had shown a trend of mutual rise and fall, and the overall situation ended in a decline. It can be seen from the data monitoring chart of SunSirs that since September (9.1-9.29), the domestic n-butanol market in Shandong has shown a trend of mutual rise and fall, and the overall situation ended in a decline. At the beginning of the month, the market atmosphere was good, and the n-butanol market rose briefly. However, the transaction of downstream real orders was average, and the n-butanol market fell again. At the beginning of the month, the market atmosphere was good, and the n-butanol market rose briefly. However, the transaction of downstream real orders was average, and the n-butanol market fell again. Until after the Mid Autumn Festival, the downstream demand for n-butanol was released steadily, supported by the demand side, and the market price of n-butanol was gradually rising. As of September 15, the ex factory price of n-butanol in Shandong Province was around 6,800-7,000 RMB/ton, up 1.46% in the first half of the month.
In the second half of September, the n-butanol market continued to rise steadily. As the National Day holiday was coming, the downstream was facing a staged stock up. The demand side improved well, and the market focus of n-butanol kept rising. As of September 22, the market price of n-butanol in Shandong Province in China is around 7300-7400 RMB/ton. After the short-term stock preparation, the release of market demand weakened, and the n-butanol market started to decline from a high level. As of September 29, the market price of n-butanol in Shandong Province in China was around 6,600-6,700 RMB/ton, down 4.31% in late September.
In terms of upstream propylene, since September (9.1-9.28), the overall domestic propylene market in Shandong was rising. According to the data monitoring of SunSirs, the reference price of propylene on September 28 was 7,610.60 yuan per ton, up 7.18% compared with that on September 1 (7,100.60 RMB/ton).
Market outlook
At present, near the National Day holiday, the logistics transportation will also be stopped, and the downstream preparation of n-butanol has been completed one after another. The overall atmosphere in the market is general. According to the n-butanol data engineer of SunSirs, in the short term, the domestic n-butanol market will be more stable with less changes, and the narrow range adjustment will be the main operation. More attention should be paid to the specific changes in the information.
