Price trend
According to monitoring data from SunSirs, as of July 11, 2023, the reference price of n-butanol in the Shandong region of China was 7,500 RMB/ton. Compared with July 5 (reference price of n-butanol was 7,283 RMB/ton), the price increased by 217 RMB/ton, an increase of 2.97%.
Analysis review
From the monitoring chart of SunSirs data, it can be seen that in the recent period (7.5-7.11), the domestic Shandong n-butanol market showed a steady upward trend as a whole. The trading atmosphere of n-butanol on the market was good, and there was a small range of stage stocking downstream. New orders for n-butanol improved, and the overall n-butanol market was experiencing a recovery. The center of gravity of n-butanol prices was constantly moving upward. As of July 11, the domestic Shandong n-butanol market reference price was around 7,300-7,700 RMB/ton.
Market outlook
As of July 11th, the trading atmosphere in the n-butanol market was still good, with some n-butanol devices undergoing maintenance and supply side providing some support to the market. The n-butanol data analyst from SunSirs predicts that in the short term, the domestic Shandong n-butanol market will mainly be stable and stronger, and the specific trend still needs to pay more attention to the specific changes in supply and demand news.
