According to the monitoring data of the business community, as of December 15, the reference price of n-butanol in Shandong Province was 8400 yuan/ton. Compared with December 15 (7566 yuan/ton), the price was increased by 834 yuan/ton, or 11.01%.

It can be seen from the data monitoring chart of the business community that this week (12.09-12.15), the n-butanol market in Shandong Province in China as a whole showed a broad rise, with an increase of 11.01% within the week. The main factors supporting the rise of n-butanol market are from the following two aspects.

In terms of supply, at present, the production of n-butanol units in some regions of China is reduced, the on-site inventory is controllable, and the pressure on the supply side is small, which supports the rising market of n-butanol.

On the demand side, the downstream replenishment of n-butanol was positive this week, the market transaction was relatively smooth, the trading atmosphere was good, and the demand side was also supported by n-butanol.

In terms of cost, the recent raw material propylene market is stable and rising, while the cost of n-butanol is stable. As of December 15, the market price of n-butanol in Shandong Province in China was around 8400-8500 yuan/ton, and the weekly price increase was 200-400 yuan/ton.

Post market analysis of n-butanol

The year 2023 is coming, and many regions in China have welcomed good news one after another. The downstream demand circulation of n-butanol has improved, and the supply is expected to decline. The n-butanol data engineer of the business community believes that in the short term, the domestic n-butanol market is mainly stable and strong, and more attention should be paid to the specific information changes on the supply and demand side.