According to the Commodity Market Analysis System of Shengyi Society, as of August 6, 2024, the reference price of n-butanol in Shandong Province, China was 7866 yuan/ton, a decrease of 67 yuan/ton or 0.84% compared to the reference price of 7933 yuan/ton on August 1.
From the commodity market analysis system of Shengyi Society, it can be seen that in late July, the n-butanol market in Shandong region was weakly declining. Entering August, in the first week (8.1-8.6), the decline in the n-butanol market did not stop, and the market continued to operate with a narrow downward trend. As of August 6th, the reference price for n-butanol in the domestic Shandong region is around 7800-7900 yuan/ton.
Analysis of Factors Influencing the Market Situation of n-Butanol
On the demand side: The n-butanol market continues to decline, with a strong wait-and-see sentiment downstream. Demand is mainly for first-time purchases with caution, and the overall demand transmission performance in the market is average. The support provided by the demand side to the n-butanol market is weak.
In terms of supply: As we enter August, the production of n-butanol units has increased, and the overall supply of n-butanol is abundant, with some factories facing certain supply pressures. The supply side is unable to provide effective support for the n-butanol market, and the market situation continues to decline.
Market price situation of n-butanol
Region/ Product/ August 6th
Shandong region/ N-butanol/ Around 7800-7900 yuan/ton
North China region/ N-butanol/ Around 7800-8000 yuan/ton
South China region/ N-butanol/ Around 8200-8300 yuan/ton
East China region/ N-butanol/ Around 7800-7900 yuan/ton
Market analysis in the future
Currently, the trading atmosphere in the n-butanol market is average, and the transmission of n-butanol supply and demand is still slow. The n-butanol data analyst from Shengyi Society believes that in the short term, the n-butanol market in Shandong, China, will mainly adjust within a certain range, and the specific trend needs to pay more attention to changes in supply and demand news.
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