According to the monitoring data of the business community, as of November 3, the reference price of n-butanol in Shandong Province was 7533 yuan/ton, which was 533 yuan/ton higher than that on October 30 before the festival (the reference average price of n-butanol was 7000 yuan/ton), or 7.62% higher.

It can be seen from the data monitoring chart of the business community that this week (10.31-11.03), the domestic n-butanol market in Shandong Province saw a rebound in the rising market, which has risen by more than 7% this week. The main factors supporting the rising market of n-butanol are from the following two aspects:

First, on the supply side, in the near future, due to the impact of special periods, the logistics and transportation in some areas of Shandong Province are limited, and the delivery to some n-butanol manufacturers is limited. In addition, the previous shutdown and maintenance of the factory currently occupy the space and restart, the spot supply inventory in the n-butanol plant is not high, and the overall supply pressure is small. The supply side gave support to the n-butanol market.

Second, on the demand side, at the end of October (October 30), the market price of n-butanol had fallen to a lower level, and the buying atmosphere in the downstream market had warmed up. In this week, the supply side of n-butanol had decreased. Under the condition that the downstream construction was stable, the on-site trading atmosphere had improved, the purchasing mentality was good, the goods were actively prepared, and the demand was ushering in a phased increase. The demand side also gives high support to n-butanol.

As of November 3, the market price of n-butanol in Shandong Province in China was around 7500-7700 yuan/ton, and the price increase this week was around 300-600 yuan/ton.

In terms of upstream propylene, in November, the domestic propylene market as a whole continued the downward trend at the end of October. According to the data monitoring of the business community, the reference price of propylene was 7004.60 yuan/ton on November 2, a decrease of 0.45% compared with November 1 (7036.60 yuan/ton).

Post market analysis of n-butanol

At present, the trading atmosphere of n-butanol in the market is good, the sales pressure of n-butanol is not big, and the mentality of the industry is strong. In terms of cost, the downward trend of propylene price is difficult to provide effective support for n-butanol. The n-butanol data engineer of the business community believes that in the short term, the situation of the domestic n-butanol market in Shandong Province is mainly rising slightly, and the momentum for continuous growth is limited. More attention should be paid to the specific information changes on the supply and demand side.