According to the monitoring data of Business News Agency, as of February 24, 2023, the reference price of n-butanol in Shandong Province was 7233 yuan/ton. Compared with February 1 (the reference price of n-butanol was 8000 yuan/ton), the price decreased by 767 yuan/ton, or 9.58%.
| Thiourea |
It can be seen from the data monitoring chart of the Business Agency that since February (2.01-2.24), the domestic n-butanol market in Shandong Province has been in a weak trend as a whole. In the first ten days of February, the downstream demand of n-butanol was insufficient, the transmission of supply and demand was slow, the inventory of n-butanol continued to accumulate, the pressure of the manufacturer on shipment increased, and the focus of n-butanol market continued to decline. On February 13, the market price of n-butanol in Shandong Province was around 7200-7300 yuan/ton.
Then in late February, the downstream demand of n-butanol improved slightly, and the market of n-butanol experienced a slight recovery under the demand increase. However, after the completion of the downstream replenishment, the market demand returned to cold, and the market of n-butanol fell again. As of February 24, the domestic market price of n-butanol in Shandong Province was around 7100-7300 yuan/ton, with a decline of more than 9% compared with the beginning of the month.
Aftermarket analysis of n-butanol
At present, the trading atmosphere of n-butanol on the market is light, the operators are in a general mood, and the downstream demand needs time to gradually improve. The n-butanol statistician of the business agency believes that in the short term, the domestic n-butanol market in Shandong Province is mainly subject to narrow adjustment and operation, and the specific trend needs to pay more attention to the specific news changes on the supply and demand side.
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