According to the Commodity Market Analysis System of Shengyi Society, as of October 9, 2024, the reference price of n-butanol in Shandong Province, China was 7086 yuan/ton. Compared with October 1 (reference price of n-butanol was 6813 yuan/ton), the price has increased by 273 yuan/ton, an increase of 4.01%.
From the Commodity Market Analysis System of Shengyi Society, it can be seen that in September, the overall market situation of n-butanol in Shandong Province, China, showed a fluctuating downward trend. In early September, the n-butanol market continued to decline, and the market center continued to move towards lower levels. As of September 15th, the n-butanol market price in Shandong region was based on 6666 yuan/ton, with a drop of 6.32% in the first half of the year.
On the supply side: After the holiday, the domestic n-butanol market remained stable in terms of supply, with less pressure on the overall supply side of n-butanol. The overall supply inventory in the market was low, and the supply side provided support for the n-butanol market.
On the demand side: After the holiday, downstream demand procurement for n-butanol performed well, and downstream users were more active in restocking, driving the n-butanol market to rise on the demand side.
Market price situation of n-butanol
Region/ Product/ October 9th
Shandong region/ N-butanol/ Around 7100-7200 yuan/ton
North China region/ N-butanol/ Around 7100-7200 yuan/ton
South China region/ N-butanol/ Around 7500-7600 yuan/ton
East China region/ N-butanol/ Around 7400-7500 yuan/ton
Market analysis in the future
At present, the trading atmosphere in the n-butanol market is mild, with some downstream companies stocking up before the holiday. The overall market demand has slightly improved, and shipments at low prices have also improved. The n-butanol data analyst from Shengyi Society believes that in the short term, the domestic n-butanol market will mainly operate with large stability and small movements, and the specific trend still needs to pay more attention to changes in supply and demand news.
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