According to the monitoring data of SunSirs, as of December 8, the reference price of n-butanol in Shandong Province was 7,533 RMB/ton, which was 67 RMB/ton higher than that on December 4 (7,466 RMB/ton), an increase of 0.89%.
Analysis review
It can be seen from the data monitoring chart of SunSirs that this week (12.04-12.08), the overall n-butanol market in Shandong Province rose slightly. In this week, with the continuous release of macro benefits throughout the country, the downstream replenishment of n-butanol was relatively smooth, the overall inventory of n-butanol in the market was not high, the supply pressure was low, and the market price was stable and rising slightly. As of December 8, the market price of n-butanol in Shandong Province in China was around 7.500-7.600 RMB/ton. Compared with the beginning of the week, the price was slightly increased by about 100 RMB/ton. The atmosphere of n-butanol was good, and the confidence of the operators was improved.
Market outlook
Near the end of the year, transportation in various regions has been relaxed, supply and circulation of n-butanol has been improved, and the downstream has successively started to stock up. The pressure on the supply side is generally controllable. The n-butanol data engineer of SunSirs believes that in the short term, the domestic n-butanol market is dominated by strong operation, and more attention should be paid to the specific information changes on the supply and demand side.
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