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SunSirs: The N-butanol Market Was Mixed This Week (January 8-12)

Time:2023-01-16

According to the monitoring data of SunSirs, as of January 12, 2023, the reference price of n-butanol in Shandong Province was 8,100 RMB/ton. Compared with January 8 (the reference price of n-butanol was 8,133 RMB/ton), the price decreased by 33 RMB/ton, or 0.41%.


Analysis review


It can be seen from the data monitoring chart of SunSirs that this week (1.09-1.12), the domestic n-butanol market in Shandong Province was operating in a small fluctuation, while the market was in a small decline at the beginning of the week. Near the end of the week, the prices of n-butanol in some factories in Shandong Province were slightly revised back, and the overall market was up and down in this week. At the beginning of the week, on January 9, the downstream demand of n-butanol was insufficient, and the market price of n-butanol was weak and fell. The market price of n-butanol was reduced by about 100 RMB/ton. Subsequently, the n-butanol market continued to be weak in the middle of the week. Near the end of the week, on January 12, the transaction of n-butanol on the market improved, and the market price of n-butanol was stable and rose slightly. As of January 12, the domestic market price of n-butanol in Shandong Province was around 8,000-8,200 RMB/ton.


Market outlook


At present, the trading atmosphere of n-butanol in the field is quiet and mild. As the Spring Festival approaches, domestic transportation and logistics will be shut down one after another, and the downstream demand and stock up will soon end. The n-butanol statistician of SunSirs believes that in the short term, the domestic n-butanol market will mostly be stable with consolidation, and the market volatility is limited. More attention should be paid to the specific information changes in the supply and demand side.

From:SunSirs