According to monitoring data from Business Society, as of April 19, 2023, the reference price of n-butanol in the Shandong region of China was 7466 yuan/ton. Compared with April 15 (reference price of n-butanol was 7533 yuan/ton), the price decreased by 67 yuan/ton, a decrease of 0.88%.
From the data monitoring chart of the Business Society, it can be seen that this week (4.15-4.19), the overall market situation of n-butanol in the Shandong region of China showed a slight decline. In early April, the overall market situation of n-butanol in the Shandong region of China experienced a weak decline. This week, the overall n-butanol market continued to decline slightly, and downstream demand continued to be weak. Overall transactions on the market were average, with some n-butanol factories reducing the price of n-butanol narrowly by around 100 yuan/ton. As of April 19, the market price of n-butanol in Shandong Province was around 7400-7500 yuan/ton.
Aftermarket analysis of n-butanol
At present, n-butanol is operating at a weak and low level in the n-butanol market, and there is a certain wait-and-see sentiment in the market. With the May Day holiday approaching and the downstream may usher in phased stocking, the risk of the n-butanol market continuing to decline is limited. The n-butanol data analyst from the Business Society believes that in the short term, the domestic Shandong region’s n-butanol market is expected to remain stable and consolidate, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.
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