According to the monitoring data of business agency, as of January 6, the average ex factory price of n-butanol in Shandong was 9533 yuan / ton. Compared with the price on January 3 (the reference average price of n-butanol was 8300 yuan / ton), the average price increased by 1233 yuan / ton, or 18.88%.

It can be seen from the data monitoring chart of the business agency that after the new year’s day, the domestic n-butanol market in Shandong ushered in a sharp rise. The spot inventory on the site was low, the supply was tight, the downstream demand performed well, and the trading atmosphere was positive. On the 4th, the transaction focus of the n-butanol market rose steadily. The ex factory price of n-butanol in Shandong was referred to 8500 yuan / ton, and the average daily price was increased by 200 yuan / ton, The increase was 2.41%. On the 5th, the n-butanol market increased greatly. Affected by the parking of devices in some areas, the supply in the site continued to tighten. The quotation of mainstream n-butanol plants in Shandong increased significantly, and the high price has risen to around 10000 yuan / ton, with the maximum increase of 1700 yuan / ton in two days. On the 6th, the n-butanol market continued to gather upward, and the low-end price in the venue decreased. The ex factory price of n-butanol in Shandong was around 9600-10000 yuan / ton, and the average price was 9866 yuan / ton. Compared with that before the festival, the three-day increase had reached 18.88%.

In terms of index, on December 22, the commodity index of n-butanol (industrial grade) was 64.40, the same as yesterday, down 51.13% from the highest point 131.79 in the cycle (2021-05-16), and up 115.46% from the lowest point 29.89 on November 30, 2015. (Note: the period refers to the period from September 1, 2011 to now)

In terms of upstream propylene, the market price of propylene in Shandong rose steadily from the 4th after the festival. As of the 6th, the cumulative increase after the festival was 4%. The oil price rose strongly, the cost side was boosted, and the propylene price increased in line with the trend. The downstream demand is general, and the rise of propylene is blocked in the off-season. On January 5, the propylene commodity index was 63.27, up 1.06 points from yesterday, down 37.26% from the highest point of 100.85 points in the cycle (September 7, 2011), and up 93.31% from the lowest point of 32.73 points on September 29, 2015. (Note: the period refers to the period from September 1, 2011 to now)

Future analysis of n-butanol

At present, the supply side of the n-butanol market remains tight in the short term, the supply side gives market support, and the downstream demand is stable. The n-butanol datagrapher of business society believes that recently, the n-butanol market in Shandong continues to operate at a high level, and more attention needs to be paid to the changes of supply and demand.