According to the commodity market analysis system of Business Society, as of June 14, 2024, the reference price of n-butanol in Shandong Province, China was 9033 yuan/ton. Compared with June 9 (reference price of n-butanol was 9200 yuan/ton), the price decreased by 167 yuan/ton, a decrease of 1.81%; Compared with June 1st (reference price of n-butanol at 8366 yuan/ton), the price has increased by 667 yuan/ton, an increase of 7.97%.

From the commodity market analysis system of the Business Society, it can be seen that this week (6.9-6.14), the overall market situation of n-butanol in Shandong, China showed a trend of high-level decline. Starting from June 10th, the center of gravity of the n-butanol market in Shandong began to continuously negotiate towards the low level. As of June 14th, the price of n-butanol in the domestic Shandong market was around 9000-9100 yuan/ton.

Analysis of Factors Influencing the Market of n-butanol

In terms of supply: From mid month to mid month, some of the early shutdown maintenance devices have resumed production, and the overall supply tension in the n-butanol field has eased. The supply volume has gradually increased. Therefore, from the supply side, the market support for n-butanol from the supply side has weakened compared to the previous period.

In terms of demand: Currently, the downstream demand for n-butanol is mainly focused on rigid demand procurement, with some downstream digesting raw materials as the main demand. The support provided by the demand side to the n-butanol market is generally average.

Future analysis

At present, the trading atmosphere of n-butanol on the market is mild, and the transmission of supply and demand is still acceptable. Although the support provided by the supply and demand side to the market has weakened compared to the previous period, it still has some overall support. The n-butanol data analyst of Business Society predicts that in the short term, the domestic n-butanol market will mostly stabilize and consolidate, and the risk of continuous decline in the market is not high. The specific trend still needs to pay more attention to the changes in news on the supply and demand side.