According to the Commodity Market Analysis System of Shengyi Society, as of September 4, 2024, the reference price of n-butanol in Shandong Province, China is 7000 yuan/ton. Compared with August 31 (reference price of 7116 yuan/ton), the price has decreased by 116 yuan/ton, a decrease of 1.64%. Compared with August 1 (reference price of 7933 yuan/ton), the price has decreased by 933 yuan/ton, a decrease of 10.71%.
From the commodity market analysis system of Shengyi Society, it can be seen that in August, the overall n-butanol market in Shandong Province, China, has been declining. Entering September, the overall atmosphere of the n-butanol market has not improved significantly, and the focus of the n-butanol market continues to move towards lower levels. Some factories in Shandong have once again lowered the price of n-butanol, with a reduction of 50-150 yuan/ton. As of September 4th, the n-butanol market in Shandong is expected to be around 6950-7050 yuan/ton.
Analysis of Factors Influencing the Market Situation of n-Butanol
In terms of demand: In the first week of September, downstream demand for n-butanol performed poorly, with strong sentiment in the n-butanol market. Operators were cautious in their operations, and demand transmission was slow, resulting in insufficient overall support for n-butanol demand.
On the supply side: As we enter September, the overall supply of n-butanol in the market is relatively loose, and some factories are gradually starting to operate. The operating rate of n-butanol has increased. At the beginning of the month, the overall supply pressure of n-butanol has not decreased, and the support provided by the supply side to the market is weak.
Market price situation of n-butanol
Region/ Product/ September 4th
Shandong region/ N-butanol/ 6950-7050 yuan/ton nearby
North China region/ N-butanol/ Around 7000-7050 yuan/ton
South China region/ N-butanol/ Around 7300-7350 yuan/ton
East China region/ N-butanol/ Around 7100-7300 yuan/ton
Market analysis in the future
At present, the trading atmosphere of n-butanol in the market is average, and the negotiation atmosphere in the market is slightly weak. The n-butanol data analyst from Shengyi Society believes that in the short term, the n-butanol market in Shandong Province is mainly weak and stable, and the specific trend still needs to pay more attention to changes in supply and demand news.
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