According to the monitoring data of the business agency, as of January 31, the average ex factory price of n-butanol in Shandong Province was 8333 yuan / ton, which was up 1000 yuan / ton or 13.12% compared with the lowest point of the month (7366 yuan / ton on January 11), and down 933 yuan / ton or 10% compared with 9266 yuan / ton on January 1. The maximum amplitude of n-butanol was 20.50%.

N-butanol in early January with “cold air” market fell to the bottom

At the beginning of 2021, China’s domestic n-butanol market encountered the “cold air” of weak demand, Especially in the first ten days of January, affected by the strong wait-and-see sentiment of downstream procurement, slow replenishment, poor demand and other factors, the domestic n-butanol market went down for several days, with a daily drop of 100-300 yuan / ton. As of the 11th, the average factory reference price of domestic n-butanol had dropped from 9300 yuan / ton at the beginning of the month to 7300 yuan / ton, with a price drop of nearly 2000 yuan / ton, or 20.50%.

The trend is still strong, n-butanol rose by 13% in the second half of the year

Then, after n-butanol rose to a high level, the market transaction situation was general, 16. On the 17th, the n-butanol market entered a narrow consolidation operation. The spot inventory of n-butanol in East China and South China was low, and the factory offer was still strong. On the 18th, the downstream purchasing intention continued to weaken, and the new orders in Northwest China were not smooth, which suppressed the shipment in Shandong market. Some factories in Shandong began to slightly reduce the ex factory price of n-butanol by 100-200 yuan / ton, and the market fluctuated for two days. On the 21st, the turnover of n-butanol market in East China improved, which gradually warmed up the trading atmosphere of Shandong factories. The manufacturers supported the prices. The trading center of n-butanol market continued to move upward, and the factory quotation continued to rise. As of the 31st, the average reference price of n-butanol market had been adjusted back to around 8400 yuan / ton, up more than 13% compared with the low price in January (7300 yuan / ton).

As of January 31, the average ex factory price of n-butanol in Shandong Province was 8333 yuan / ton. Compared with the lowest price of the month (7366 yuan / ton on January 11), the average price increased by 1000 yuan / ton, or 13.12%; compared with 9266 yuan / ton on January 1, the average price decreased by 933 yuan / ton, or 10%. The maximum amplitude of n-butanol was 20.50%.

Upstream, in the middle and early January, the domestic propylene (Shandong) market price showed a ladder like rise. As of the 19th, the market turnover was between 7450-7650 yuan / ton, and the mainstream price was about 7450 yuan / ton. In late January, the trading atmosphere in the market was cold and mainly wait-and-see, and the propylene market began to fall. As of January 31, the market turnover was between 7000 and 7300 yuan / ton, and the mainstream price was about 7000 yuan / ton.

Downstream factories just need to purchase, the trading atmosphere is acceptable, and the market will be stable and strong

The downstream factories just need to purchase, the overall trading of n-butanol is acceptable, the inventory pressure of the factory is small, and the confidence of the industry is still there years ago. Therefore, the n-butanol analysts of the business community believe that the domestic n-butanol market will be stable and strong in the short term.