This week, China’s domestic n-butanol market was temporarily stable (10.14-10.18)

I. price trend


According to the data of business agency, the average price of n-butanol as of Friday (October 18) of this week is 6350 yuan / ton (including tax), which is basically the same as that of Monday (October 14). At present, the mainstream price of n-butanol in China is about 6300-6600 yuan / ton.


II. Market analysis


Product: this week, the domestic n-butanol market tends to be stable as a whole, and the overall market price tends to be stable and weak. Affected by the load reduction of some units, the supply volume is reduced, and the manufacturer’s price is relatively high. The downstream is still just in need of replenishment or bargain hunting. The trading atmosphere has improved. At present, the quotation of Shandong lihuayi n-butanol is 6350 yuan / ton; the collective pricing price of Luxi Chemical today is 6300 yuan / ton; the quotation of Shandong fengcang Chemical Co., Ltd. for distribution of n-butanol is 6400 yuan / ton; the quotation of Ningbo Haorui Co., Ltd. for distribution of n-butanol is 6400 yuan / ton.


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Industrial chain: as of October 18, the overall price of propylene market in Shandong continued to decline. At the beginning of this week, there was a small increase on the 14th and 15th, which held steady on the 16th. Most enterprises began to decline on the 17th. As of today, they continue to decline by 50 yuan / ton. At present, the market turnover is about 7380-7700 yuan / ton, and the mainstream price is 7400 yuan / ton. At present, most of the downstream product prices of propylene show a downward trend, and the support of the demand side is weakened. Refinery inventory pressure increases, shipment is not smooth, downstream procurement is cold, it is expected that the market price of propylene may still decline in recent days.


III. future forecast


According to the analysis of the data division of the business club, the recent n-butanol market has been affected by the support surface or continues to be weak, maintaining stability and consolidation.

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