According to monitoring data from Business Society, as of April 30, 2023, the reference price of n-butanol in Shandong Province, China was 7833 yuan/ton. Compared with April 1 (reference price of n-butanol was 7950 yuan/ton), the price decreased by 117 yuan/ton, a decrease of 1.47%.
From the commodity market analysis system of Shengyishe, it can be seen that in April, the n-butanol market in Shandong Province, China, as a whole, showed a trend of frequent fluctuations and ending decline. In early April, approaching the eve of the Qingming Festival, the trading volume of n-butanol market turned weak, and the market price fell to the low point of the month. Downstream users sought to stock up on dips, and with demand boosting, the market quickly rebounded. However, after a brief rise, the demand side returned to calm, and the price of n-butanol market also began to fall. Some downstream users started to stage stocking, and the n-butanol market began to fluctuate with the continuous changes in demand. As of April 30th, the domestic market price of n-butanol in Shandong region is around 7800-7900 yuan/ton, and compared with the beginning of the month, the price has been reduced by about 100-150 yuan/ton.
Market price situation of n-butanol
Region/ Product/ April 30th
Shandong region/ N-butanol/ 7800-7900./-400
North China region/ N-butanol/ 7950-8050
South China region/ N-butanol/ 8200-8300
East China region/ N-butanol/ 8200-8300
Future analysis
At present, the overall trading atmosphere of the domestic Shandong region’s n-butanol market is quiet and mild, with downstream demand being for essential purchases. The pressure on the supply side of n-butanol factories is still acceptable. The n-butanol data analyst from Business Society believes that in the short term, the domestic n-butanol market will mainly adjust slightly, and the specific trend still needs to pay more attention to changes in supply and demand news.
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