1、 Price trend

According to the data of business agency, the average price of n-butanol as of February 7 was 5900 yuan / ton (including tax), which was 130 yuan / ton lower than that before the Spring Festival (January 19), down 2.21%.

2、 Market analysis

Products: on the eve of the Spring Festival, the pre Festival procurement of the n-butanol market is basically over. Most of the manufacturers focus on the delivery of early orders, the end of pre Festival warehouse arrangement, and the market is stable. After the Spring Festival, due to the current logistics and transportation conditions and market environment, the short-term trading of the n-butanol market is weak, the enterprise starts at a low level, and the supply and demand are weak. At present, the transportation logistics is not fully open, and the cost of n-butanol is supported It’s flat and the market volume is scarce. At present, the quotation of Wanhua chemical is stable in this week, with reference to 6100 yuan / ton for ex factory quotation in North China; 6450 yuan / ton for ex factory quotation in East China; 6450 yuan / ton for ex factory quotation in South China, which is basically the same as before the festival; 6000 yuan / ton for collective pricing of n-butanol in Luxi Chemical, which is basically the same as before the festival; 5600 yuan / ton for ex factory quotation of Shandong lihuayi, which is smaller than before the festival The amplitude is down.

Industrial chain: on February 6, the market price of propylene in Shandong continued to decline. During the Spring Festival, the international crude oil market continued to decline sharply, and the domestic propylene price also fell for many times. Since February, the price of propylene in Shandong Province has declined all the way. Today, some enterprises are down 50-100 yuan / ton. At present, the market turnover is about 6200-6800 yuan / ton, and the mainstream price is 6630-6730 yuan / ton. There are many units in the upstream and downstream industries that have been shut down for maintenance, and the start-up continues at a low level; however, affected by the epidemic, the logistics and transportation in various regions are blocked, the market transaction is rare, the market is cold, and the wait-and-see is the main thing. It is expected that the market price of propylene may still decline in recent days.

3、 Future forecast

According to the analysis of the data division of the business club, it is expected that with the gradual recovery of logistics in the recent n-butanol market, the atmosphere of transportation and investment will be improved, the downstream will start to purchase in succession, and the market supply and demand will be further improved.