According to the monitoring data of SunSirs, as of March 17, 2023, the reference price of n-butanol in Shandong Province was 7,366 RMB/ton. Compared to March 12 (the reference price of n-butanol was 7,166 RMB/ton), the price increased by 200 RMB/ton, or 2.79%.
Analysis review
As can be seen from the data monitoring chart of SunSirs, this week (3.13-3.17), the domestic butanol market in Shandong Province as a whole showed an upward trend. This week's rise in the n-butanol market was mostly due to the phased fluctuations in the demand side. Downstream demand for n-butanol was positive, trading atmosphere in the market was good and new orders had improved. Supported by demand, the overall domestic n-butanol market has steadily risen, with an increase of around 100-200 RMB/ton within the week. This week, the overall operation rate of n-butanol at the supply side had not changed significantly, and the supply side had provided common market support. As of March 17, the market price of n-butanol in Shandong Province in China iwas around 7,200-7,400 RMB/ton.
Market outlook
As of the 17th, the n-butanol field operators had a good mentality, and the overall improvement of n-butanol shipments provided support for market confidence. The n-butanol statistician of SunSirs believes that in the short term, the domestic Shandong n-butanol market is expected to be adjusted stronger mainly, and the specific trend needs to pay more attention to the specific news changes on the supply and demand side.
