Price Trend

According to the data monitoring of business associations, the average price of n-butanol in mainstream areas was 6,200 yuan/ton (including taxes) as of July 19. The average price of n-butanol in mainstream areas was 33.33 yuan/ton (including taxes) lower than last Friday, and the average weekly price-to-ring ratio was reduced by -0.53%. At present, the mainstream price of n-butanol in China is around 6,000-6,400 yuan/ton.

II. Market Analysis

Products: Mainstream price of n-butanol declined steadily and slightly, price was loose. Under the pressure of new orders shipment, some factories in Shandong Province offered lower prices. The atmosphere of new orders transaction in the market was dull, and the focus of negotiation declined slightly. Because of the high cost pressure of n-butanol, the willingness of Shandong switchable plant to switch production of octanol is strong, and the pressure of n-butanol sales may be eased, which does not exclude the possibility of reducing the start-up load of some manufacturers.

Industry chain: Propylene price of upstream product of n-butanol has been lowered, the mainstream of Shandong propylene market has been raised to 7600-7700 yuan/ton, terminal demand is general, powder is narrow and loose, upstream and downstream trading atmosphere is not good, inventory pressure of refineries has risen, so the enthusiasm of profit and drainage is generally high. Butyl ester, a downstream product of n-butanol, started to decline and demand decreased slightly.

3. Future Market Forecast

Forecast: In late July, the volatility of n-butanol market is not large, and it is still mainly stable.