According to the monitoring data of the business agency, as of July 15, the average ex factory price of n-butanol in Shandong Province was 14733 yuan / ton, which was 767 yuan / ton lower than that on July 11, with a 4.95% drop in four days; Compared with the price on July 1, the average price increased by 100 yuan / ton, or 0.68% in half a month.
In early July, the domestic n-butanol market continued to rise. By the 9th, the average ex factory price of n-butanol in Shandong had risen to 15533 yuan / ton. Compared with the average market price in early July, it had risen 900 yuan / ton, with an overall increase of 6.15% in early July.
N-butanol market fell 4.95% for four consecutive days
After two days of high market consolidation, most downstream users resisted the current high raw material prices. Due to the high cost pressure of downstream products, the unit was reduced to low load operation, and the mainstream downstream factories mainly digested raw material inventory. The atmosphere of new orders in n-butanol market continued to weaken, and the transaction situation was general. Starting from July 12, n-butanol factories in Shandong began to reduce the ex factory price of n-butanol. By July 15, the market price of n-butanol had dropped for four consecutive days, with a 4.95% decline.
Upstream, entering July, propylene oxide continued the rising trend in late June and rose slowly. Since the 5th, propylene oxide manufacturers have no pressure, downstream polyether orders have increased steadily, and prices have risen. The middle and lower reaches just need to follow up steadily, and the market has no pressure to push up. At present, the market supply is tight, the downstream follow-up performance is positive, and the market continues to rise. As of July 14, the reference price of propylene oxide was 16433.33 yuan / ton, up 10.29% compared with July 1 (14900.00 yuan / ton).
Future market analysis of n-butanol
After four consecutive days of decline in the market price of n-butanol in Shandong, I heard that the situation of taking goods from the downstream has improved, the transaction atmosphere has slightly improved, the inventory position of some factories has declined, and the supply side pressure has reduced, which has a certain support for the future market of n-butanol. Therefore, n-butanol analysts of the business community believe that in the short term, The n-butanol market in Shandong may rebound slightly.
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