According to the monitoring data of the business agency, as of July 3, the average ex factory price of domestic n-butanol was 6000 yuan / ton, which was 100 yuan / ton higher or 1.69% higher than that on Monday (June 29). On July 3, the commodity index of n-butanol (industrial grade) was 48.91, unchanged from yesterday, down 51.09% from the cycle’s highest point of 100.00 (2011-10-08), and up 63.63% from the lowest point of 29.89 on November 30, 2015. (Note: period refers to 2011-09-01 to now)
| Melamine |
Supply reduction supports stable start of n-butanol in July
In July, the overall high and stable domestic n-butanol market, some areas continue to improve the transaction center. Since Monday, affected by the shutdown of some large factories for maintenance and conversion to octanol, the supply of n-butanol was reduced, the manufacturers’ inventory was low, and the market quotation was generally rising. The main downstream butyl ester factories started to operate stably, and just needed replenishment supported the market demand, and the market trading atmosphere was good. On Tuesday and Wednesday, affected by the upstream propylene market, the cost support increased, and the n-butanol market continued to rise. On Thursday, some early profit margins gradually digested, and prices in North and East China remained stable, and the price of n-butanol in some factories in South China continued to rise by about 100 yuan / ton. At present, the pressure on the supply side of n-butanol market is small, and the manufacturers’ offer is firm. As of July 3, the reference price of domestic n-butanol ex factory is at 6000 yuan / ton, which is 100 yuan / ton higher than that on Monday (June 29), or 1.69%. The ex factory quotation of n-butanol of Luxi Chemical Co., Ltd. was RMB 6000 / T, up 150 yuan / T or 2.56% compared with last weekend (28th). Shandong lihuayi n-butanol factory quotation reference 6000 yuan / ton, increased by 250 yuan / ton, or 4.34%, compared with last weekend (28th). The ex factory quotation of n-butanol in North China of Wanhua Chemical Co., Ltd. was RMB 6000 / T, up 200 yuan / T or 3.44% compared with last weekend (28th).
Prices of n-butanol in some regions of China this week (data for reference only, unit: yuan / ton)
Price range of product name: 6 / 29 / 7 / 3
N-butanol in East China 5950-6050 6150-6250 + 200 / + 200
South China 6000-6100 6250-6350 + 250 / + 250
North China 5750-5850 5950-6050 + 200 / + 200
Northeast China 5750-5850 5950-6050 + 200 / + 200
| EDTA 2Na |
Upstream, Shandong propylene market recovered this week, the overall upward market offer to support the cost of n-butanol. After the Dragon Boat Festival, on June 27, the market price of propylene began to rise. Until this Tuesday, the market had risen by 250 yuan / ton. Now the market transaction is between 6750 yuan / ton and 7050 yuan / ton, and the mainstream price is about 6850 yuan / ton. At present, the pressure of propylene manufacturers is small, and there are many sets of devices to transmit maintenance information.
On the downstream side, affected by the rise of n-butanol market and cost support, the market of butyl acrylate rose steadily and slightly this week. At present, the mainstream quotation in the market is 7750-7850 yuan / T accessories. Downstream suppliers need to purchase, and the market transaction is OK.
According to the n-butanol analysts of the business club, it is reported that the overhaul of n-butanol units in July continues to increase, the factory inventory remains low, the supply side is reduced, which gives market confidence, and the downstream replenishment is stable. Therefore, it is expected that the domestic n-butanol market will have any upward space in the future.
| EDTA |