According to the monitoring data of business agency, as of December 2, the average ex factory price of n-butanol in Shandong was 8366 yuan / ton. Compared with the price on November 28 (the reference average price of n-butanol was 9433 yuan / ton), the average price was reduced by 1067 yuan / ton, a decrease of 11.31%.

This week, the domestic n-butanol market in Shandong fell sharply, and the focus of on-site transactions continued to decline. Since the beginning of the week, affected by the sharp decline in international oil prices, the trading atmosphere of n-butanol in the field was calm, the confidence of operators was frustrated, and the offer price of n-butanol factory was weakly lowered. On the 29th, the ex factory price of n-butanol in Shandong was around 8700-9100 yuan / ton, down 300 yuan / ton from the end of last week. The downstream users of n-butanol have a strong wait-and-see mood and are cautious in preparing goods. They mainly digest the raw materials in the early stage, and the support on the demand side is weak. The n-butanol market continues to run downward. At the same time, the n-butanol inventory also gradually accumulates. Near the weekend, the n-butanol factory in Shandong has a strong willingness to ship goods, and the offer price has been greatly reduced again. On December 2, The ex factory price of n-butanol in Shandong is around 8000-8600 yuan / ton, and the average price is 8366 yuan / ton, with a maximum decline of 800 yuan / ton in a single day and 11.31% in a week. At present, the wait-and-see mood in the downstream is still, and the procurement is mainly to maintain rigid demand.

In terms of index, the commodity index of n-butanol (industrial grade) on December 1 was 72.83, down 0.81 points from yesterday, down 44.74% from 131.79 points (2021-05-16), and up 143.66% from 29.89 points, the lowest point on November 30, 2015. (Note: the period refers to the period from September 1, 2011 to now)

In terms of upstream propylene, this week, the domestic propylene market in Shandong showed a decline as a whole. The overall trading atmosphere in the venue is general. According to the data monitoring of business society, as of December 2, the average ex factory price of propylene in Shandong was 7475 yuan / ton, a decrease of 3.45% compared with the beginning of this week. On December 1, the propylene commodity index was 61.60, down 0.61 points from yesterday, down 38.92% from the highest point of 100.85 points in the cycle (September 7, 2011), and up 88.21% from the lowest point of 32.73 points on September 29, 2015. (Note: the period refers to the period from September 1, 2011 to now)

Future analysis of n-butanol

At present, the downstream performance of n-butanol is still calm, and the effective support of n-butanol market is insufficient. The n-butanol datagrapher of business society believes that in the short term, Shandong n-butanol market is weak and needs to pay more attention to the changes of supply and demand.