According to the monitoring data of business agency, as of October 19, the average ex factory price of n-butanol in Shandong was 11266 yuan / ton. Compared with October 15 (the reference average price of n-butanol was 12133 yuan / ton), the average price was reduced by 867 yuan / ton, a decrease of 7.14%.

Last week, the domestic n-butanol market rose broadly. After n-butanol rose to a high level at the weekend, the downstream demand began to weaken. The transaction situation of n-butanol market was general. The downstream East China butyl unit operated at low load, and the downstream butyl users slowed down the purchase of raw materials. There was a strong wait-and-see atmosphere in the market. Entering this week, the domestic n-butanol market in Shandong began to operate weakly, and the quotation of n-butanol factories began to be reduced. On the 18th, the ex factory price of n-butanol in Shandong was around 11300-11800 yuan / ton, which was reduced by 500-1000 yuan / ton compared with the previous working day. The northwest n-butanol installation started normally, the on-site supply increased, and the n-butanol supply and demand stalemate appeared. On the 19th, The overall center of gravity of n-butanol in Shandong continues to move downward. The ex factory price of n-butanol in Shandong is around 10800-11500 yuan / ton, down 300-500 yuan / ton compared with the previous day, with a cumulative decline of 7.14% in two days. At present, as of the 19th, the market size of n-butanol in Shandong is weak.

In terms of index, n-butanol (industrial grade) commodity index was 94.57 on October 18, down 4.34 points from yesterday, down 28.24% from 131.79 points (2021-05-16), and up 216.39% from 29.89 points, the lowest point on November 30, 2015. (Note: the period refers to the period from September 1, 2011 to now)

In terms of upstream propylene, at present, the domestic propylene market in Shandong is weak as a whole. According to the monitoring data of business society, the reference price of propylene was 9450.50 yuan / ton on October 19. Compared with October 15 (9542 yuan / ton), the average price was reduced by 92 / ton, a decrease of 0.96%, and an increase of 16.79% compared with October 1 (8092 yuan / ton).

Internationally, on October 18, the international oil price rose and fell. The settlement price of the main contract of WTI crude oil futures in the United States was US $81.69/barrel, down US $0.59 or 0.71%, and the settlement price of Brent crude oil futures was US $84.33/barrel, down US $0.53 or 0.62%. U.S. industrial production fell in September, superimposed on the growth expectation of shale oil production, and U.S. commercial crude oil inventory is also expected to continue to grow. In addition, yesterday, the economic data released by the China Bureau of statistics was empty, and the oil price fell under pressure.

Future analysis of n-butanol

At present, the trading atmosphere of n-butanol market in Shandong is relatively cold and the demand performance is relatively weak. Therefore, business analysts believe that in the short term, the market price of n-butanol in Shandong may continue to decline, and more attention should be paid to the change information of raw materials and demand.