According to the Commodity Market Analysis System of Shengyi Society, as of October 17, 2024, the reference price of n-butanol in Shandong Province, China was 6833 yuan/ton, a decrease of 133 yuan/ton or 1.86% compared to the reference price of 7166 yuan/ton on October 10.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that this week, the overall market situation of n-butanol in Shandong Province, China, showed a weak downward trend. The center of gravity of the n-butanol market has been gradually moving towards lower levels, with a price reduction of 100-200 yuan/ton during the week. As of October 18th, the reference price for n-butanol market in Shandong, China is around 6800-7000 yuan/ton.
Supply and demand situation: Currently, the overall supply of n-butanol in the market has increased, and there is a certain supply pressure on the supply side. Downstream demand is cautious, and supply and demand transmission is relatively slow. The overall supply and demand support for the n-butanol market is insufficient.
Market analysis in the future
At present, the overall trading atmosphere in the n-butanol market is light, and there is a strong wait-and-see sentiment in the market. The n-butanol data analyst from Shengyi Society believes that in the short term, the domestic n-butanol market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.
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