1、 Price trend

According to the data of business agency, as of March 12, the average price of n-butanol was 5283.33 yuan / ton (including tax). Compared with the beginning of this month (March 1), the current reference average price dropped 183 yuan / ton, or 3.44%.

2、 Market analysis

Products: from the beginning of March to the end of the week, the weak and stable operation of domestic n-butanol market is the main trend. On the 9th and 10th, affected by the collapse of crude oil market, the market mentality was bearish and the atmosphere of on-site wait-and-see was strong. In addition, the price of raw material propylene was weak. Since the middle of the week, the mainstream price of n-butanol has been weak and the price has declined slightly. At present, the market supply is relatively sufficient, and downstream customers just need to purchase Mainly, the manufacturer takes the initiative in shipping, but the downstream demand side is not improved much, the digestion of raw material inventory is mainly, the market new single negotiation is not much, and the overall transaction is limited. At present, South China’s n-butanol market is in consolidation operation. The market offers 5400-5450 yuan / ton, with small orders and some large orders at slightly lower prices. Shandong’s n-butanol market offers 5250-5400 yuan / ton, with poor high-end transactions. Some factories issued early orders, and there was not much negotiation on new orders; CNPC northeast n-butanol offered stable prices, with 5300 yuan / ton implemented. The Jilin chemical plant has been put into operation for 60% and Daqing plant is in normal operation; Qilu Petrochemical’s n-butanol products have been offered stably and executed at 5400 yuan / ton. Normal production and moderate inventory of n-butanol unit; the ex factory quotation of n-butanol of Wanhua Chemical Co., Ltd. in North China is 5400 yuan / ton, down 100 yuan / ton compared with last week; the ex factory price of n-butanol of Luxi Chemical Co., Ltd. is 5300 yuan / ton, down 100 yuan / ton compared with the beginning of the week.

Industrial chain: on March 11, the market price of propylene in Shandong Province fluctuated slightly. In March, the price of propylene in Shandong began to decline. On the first day, the price of some enterprises picked up slightly. On the second day, the price of the whole line rose slightly. On the third day and the fourth day, the price of most enterprises generally rose. On the fifth day, the price of some enterprises increased by about 50-100 yuan / ton. On the sixth day, the price of enterprises fluctuated up and down, but the range was small. On the tenth day, the price generally fell by 50-100 yuan / ton. Today, the price fluctuated slightly. The mainstream price About 50 yuan / ton will be reduced. At present, the market transaction is still 6500 ~ 6800 yuan / ton, and the mainstream price is 6500 yuan / ton. Influenced by the OPEC meeting in the past few days, the international crude oil has plummeted continuously. Today, influenced by the economic stimulus plan and the US manufacturers’ spending cuts, the US crude oil jumped another 8%. Moreover, due to the low production and inventory of propylene plants, the market supply is not rich, so the previous propylene market fell less. Today, it is expected that the price of propylene will remain stable for a short time, and the future market will be affected by crude oil It has a great impact.

3、 Future forecast

According to the analysis of the data division of the business association, at present, the n-butanol market is affected by the sharp drop in crude oil, the downstream demand is general, and the wait-and-see of the industry is gradually concentrated. The market is expected to be weak and stable for the time being.