According to the monitoring data of the business agency, as of February 20, the average ex factory price of n-butanol in Shandong Province was 11733 yuan / ton. Compared with February 10 (reference average price of n-butanol was 9300 yuan / ton), the average price increased by 2433 yuan / ton, or 26%. Compared with February 1 (reference average price of n-butanol was 8533 yuan / ton), the average price increased by 3200 yuan / ton, or 37.5%.

The year of the ox welcomes the “bull market” and butanol rises sharply after the festival

Before the Spring Festival, the overall trend of domestic n-butanol market was stable and moving upward. Before the festival, the shipment was smooth, and the factory spot supply was tight. Individual factories began to receive orders in limited quantity, and received orders after many years. Before the festival, the inventory level of downstream butyl ester raw materials was low.

After the Spring Festival, on the first day of the construction, the domestic n-butanol market rose sharply for the first time in the year of the ox. on the 18th, it rose by 800-1300 yuan / ton per day. The n-butanol spot continued to be tense, the attitude of the industry was positive, the market atmosphere was optimistic, the reluctant selling sentiment of the commodity holders gradually increased, and the downstream users actively purchased, which promoted the market focus to rise. Subsequently, on the 19th and 20th, the ex factory price of n-butanol continued to rise sharply, and the spot circulation was not much, and the single day increase was 500-1000 yuan / ton. As of the afternoon of the 20th, the overall supply of n-butanol market remained tight, and the market quotation continued to be high and firm. The ex factory price of n-butanol in Shandong was around 11200-12500 yuan / ton, and the average ex factory price of n-butanol in Shandong was 11733 yuan / ton, which was similar to that in Shandong Compared with the reference average price of 9300 yuan / ton before the Spring Festival, the price of n-butanol increased by 2433 yuan / ton, with a total increase of 26% after the festival.

On the upstream side, after the festival, the propylene market price in Shandong rose significantly on the 18th, with a price increase of about 200 yuan / ton. On the 19th, the propylene market price in Shandong continued to rise sharply, with a price increase of 200 yuan / ton again. At present, Shandong propylene market turnover between 7500 ~ 7650 yuan / ton, the mainstream price rose to about 7500 yuan / ton. Now the factory stock is less, the shipment situation is more popular. Due to extreme weather in the United States, propylene production decreased sharply and prices soared; due to the earthquake in Japan, propylene production capacity also decreased.

Spot supply is tight, n-butanol maintains high and firm operation in the short term

At present, the tight spot supply situation of domestic n-butanol has not been eased, and the demand for butyl acrylate in the downstream is relatively high. Therefore, the n-butanol data analysts of the business community believe that in the short term, the market of n-butanol in China will continue to be high and firm, and the price may continue to be slightly higher.