The price of n-butanol in China’s domestic market rose by more than 8% a according to the monitoring data of the business community, as of May 6, the average ex factory price of n-butanol in Shandong was 14066 yuan / ton, which was 1066 yuan / ton higher than that on May 5 (13000 yuan / ton), with an increase of 8.21%; Compared with the price on April 1 (the reference average price of n-butanol was 10500 yuan / ton), the average price was increased by 3066 yuan / ton, up 27.88% in the second quarter.

Spot supply for centralized maintenance of the plant is tight, and the price of n-butanol rises 8.21% after the festival

During the May Day holiday, a number of n-butanol production units in China were shut down for maintenance or production reduction. The spot supply of n-butanol was tight. The downstream demand side was stable during the holiday, and the purchase of n-butanol was basically maintained. The inventory of n-butanol plants was digested quickly. Most factories in Shandong quickly adjusted the ex factory price of n-butanol after the Labor Day holiday. The ex factory price of n-butanol rose sharply on the first day and the sixth day after the labor day, After the increase, the factory price of n-butanol in Shandong was 13800-14300 yuan / ton, and the average price was 14066 yuan / ton. Compared with the previous working day, the average price increased by 1066 yuan / ton, or 8.21%. At present, the domestic high-end quotation of n-butanol is in South China, and the ex factory quotation of n-butanol of Wanhua chemical plant in South China has risen to 14800 yuan / ton.

Upstream, during the holidays, Shandong propylene market prices continued to rise, the mainstream trading reference around 8100-8300 yuan / ton. The higher spot and futures prices of polypropylene give a boost to the propylene market mentality. The propylene factory’s shipment is relatively smooth, the downstream factory’s purchase demand is constant, and the offer price continues to be strong. At present, the upstream and downstream markets perform well.

Short term n-butanol supply continues to be tight, market price will be high and firm

In May, the number of n-butanol start-up units decreased. After the reduction of output, the market supply was tight. I heard that the resumption of operation of major factories was in late may or at the end of May. Therefore, it is expected that the overall domestic n-butanol market will continue to operate at a high level in the short term.