Price Trend
According to the data monitoring of business associations, the average price of n-butanol in mainstream areas was 6283.33 yuan/ton (including taxes) as of August 2. The average price of n-butanol in mainstream areas was 150 yuan/ton (including taxes) higher than that of last Friday (July 26). The weekly average price rose by 2.45%. At present, the mainstream price of n-butanol in China is around 6100-6350 yuan/ton.
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II. Market Analysis
Product: Mainstream price of n-butanol continued to rise this week. The start-up rate of n-butanol plant is about 80%, which is basically the same as last week, and the market supply is abundant. Downstream customers just need to purchase, after entering August, the ratio of inspection and repair in the n-butanol plan will increase, some downstream customers will fill warehouses at low prices, and the pressure of n-butanol sales will ease.
Industry chain: Propylene, the upstream product of n-butanol, has been rising steadily and moderately in recent days. The mainstream price of Shandong propylene market has been trading 7950-8000 yuan/ton. The overall trading atmosphere of upstream and downstream is general. Refinery stocks are low and downstream demand is good. The market will to explore remains. Main downstream butyl acrylate under cost pressure, price is firm, stable start-up.
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3. Future Market Forecast
Forecast: It is expected that the price of n-butanol will increase steadily and slightly next week.