N-butanol market slightly declined after the National Day

I. price trend

According to the data monitoring of business agency, as of October 15, the average price of n-butanol in the mainstream area was 6350 yuan / ton (including tax). Compared with last Monday (October 8), the price of n-butanol in the mainstream area decreased by 166 yuan / ton (including tax), down by – 2.56%. At present, the price of n-butanol in the mainstream in China is around 6300-6700 yuan / ton.

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II. Market analysis

Product: after the national day, the n-butanol market has been in a state of continuous shock. On Monday (October 14) this week, the overall market was stable, and the price was slightly reduced again. However, due to the expectation of northern manufacturers, the trading atmosphere in the n-butanol market has been weak, and the downstream just needs replenishment. At present, the quotation of Wanhua Chemical Co., Ltd. is stable. The ex factory quotation of n-butanol in North China is around 6400 yuan / ton; the ex factory quotation of n-butanol in East China is 6650 yuan / ton; the ex factory quotation of South China is around 6850 yuan / ton.

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Industry chain: in early October, it is the National Day holiday. Due to the policy of limited production and restriction, the price of propylene, the upstream product of n-butanol, is generally stable during the holiday, with occasional downward trend. After the end of the policy, most of the initial prices remained stable. On the 10th and 11th, the prices of enterprises rose. At present, the market turnover is about 7450-7650 yuan / ton, and the mainstream price is 7450 yuan / ton. Refinery stocks are slightly tight.

III. future forecast

According to the analysis of the data division of the business association, it is expected that the market price and the overall trend of n-butanol products will rise in the late October on the premise of the recovery of the operating rate.

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