According to the commodity market analysis system of Business Society, as of July 8, 2024, the reference price of n-butanol in Shandong Province, China was 8500 yuan/ton. Compared with July 1 (reference price of n-butanol was 8433 yuan/ton), the price increased by 67 yuan/ton, an increase of 0.79%.

From the analysis system of the commodity market of Shengyishe, it can be seen that as July approaches, the domestic n-butanol market in Shandong region has seen an overall recovery, with market prices steadily rising and rising at low levels. As of July 8th, the domestic market price of n-butanol in Shandong region is around 8400-8600 yuan/ton, with an increase of about 100-200 yuan/ton compared to the beginning of the month.

Analysis of factors influencing the market situation of n-butanol

In terms of demand: As we enter July, the downstream market demand for n-butanol is gradually releasing. Compared with the end of June, the overall performance of the downstream demand side for n-butanol has improved, providing stronger market support for the n-butanol market.

In terms of supply: Currently, the supply side of n-butanol is performing steadily, the market is operating steadily, and the overall pressure on the supply side is not high. Shipments are made on demand, and the support provided by the supply side for n-butanol is still acceptable.

Future analysis

At present, the trading temperature of n-butanol on the market is relatively smooth, and the transmission between supply and demand is relatively smooth. The downstream demand for n-butanol will continue to be slightly released. The n-butanol data analyst from Business Society believes that in the short term, the expected stable and positive operation of the domestic n-butanol market in Shandong region is mainly focused on, and the specific trend still needs to pay more attention to changes in supply and demand news.