According to the Commodity Market Analysis System of Shengyi Society, as of July 29, 2024, the reference price of n-butanol in Shandong Province, China was 8066 yuan/ton, a decrease of 67 yuan/ton or 0.82% compared to the reference price of 8133 yuan/ton on July 22.

From the commodity market analysis system of Shengyi Society, it can be seen that in late July (7.22-7.29), the overall n-butanol market in Shandong, China, showed an upward trend followed by a downward trend. As of July 29th, the reference price for n-butanol in the domestic Shandong region is around 8000-8200 yuan/ton.

Analysis of Factors Influencing the Market Situation of n-Butanol

On the demand side: In late July, there was a slight stocking of downstream demand for n-butanol, and the good performance in demand provided support for the n-butanol market. The n-butanol market rose slightly, but with the recovery of calm demand, the overall trading atmosphere in the n-butanol market became lighter, and the n-butanol market also began to decline.

On the supply side: Currently, the overall supply performance of n-butanol in the market is sufficient, with loose spot inventory, and limited market support from the supply side for n-butanol.

Market analysis in the future

At present, the trading atmosphere of n-butanol on the market is light, with downstream essential purchases being the main focus. The n-butanol data analyst from Shengyi Society believes that in the short term, the n-butanol market in Shandong, China will mainly experience narrow adjustments, and the specific trend still needs to pay more attention to changes in supply and demand news.