According to the monitoring data of the business agency, as of June 30, the average ex factory price of n-butanol in Shandong Province was 14633 yuan / ton, which was 3633 yuan / ton higher than that on April 1 (11000 yuan / ton).

Smooth conduction, n-butanol market rose more than 40 days since April, with an increase of over 46.97%

After the Qingming Festival in April, due to the general shipment of n-butanol in the market during the festival, the domestic n-butanol market went down slightly after the festival, which stimulated the shipment and achieved good results. In the next few days, the transaction of low-end prices turned better, and the enthusiasm for replenishment of small and medium-sized orders in the downstream increased. Since the middle of April, the domestic n-butanol market has been steadily rising, the spot transaction is gradually smooth, the downstream demand is increasing, the attitude of the industry is positive, and the n-butanol market is rising all the way to the end of the month. As of April 30, according to the data monitoring of the business society, the average ex factory price of n-butanol in China is 13000 yuan / ton, which is 2000 yuan / ton higher than that in early April, or 18.18%.

After May labor day, the domestic n-butanol market continued to rise to the beginning. Supported by the maintenance of n-butanol plant after the festival, low operation rate and stable demand of downstream butyl acrylate users, the spot supply of n-butanol was tight, and the market was in short supply. In just three working days, the average market price rose by 2500 yuan / ton. According to the monitoring data of the business agency, the average ex factory price of n-butanol was 15566 yuan / ton on the 8th, with an increase of 19.54% three days after the festival. Subsequently, the market continued to rise sporadically at a high level. As of May 15, the average price of n-butanol market exceeded 16000 yuan / ton, with a reference of 16166 yuan / ton. Compared with early May, the average price of n-butanol increased by 24% in half a month and 46.97% in early April.

Under the high demand weakened, n-butanol market began to fall in late May

In the late May, the market price of n-butanol dropped. As of May 31, the reference price of domestic n-butanol was 14066 yuan / ton. Compared with early May, the average price of n-butanol increased by 1066 yuan / ton, with a monthly increase of 8.21%.

In June, the domestic n-butanol market gradually recovered, and the ex factory quotation of n-butanol in Shandong continued to rise. In 2, 3 and 4 days, the cumulative price rise of n-butanol market was 500-1000 yuan / ton. At the beginning of this month, supported by the delayed start-up of some plants, the spot supply of n-butanol plants continued to be tight, the downstream demand showed good performance, and the on-site delivery gas temperature rose steadily, In the first ten days of June, on the 15th, the average market price of n-butanol rose to 15800 yuan / ton, up 10.87% in half a month. In late June, the domestic n-butanol market dropped slightly, but the overall situation remained high.

To sum up, in the second quarter, in the first half, n-butanol rose all the way to the middle of May, and in the second half, the market dropped slightly, but the overall market remained at a high level. Therefore, by the end of June, the rise of n-butanol in the second quarter was close to 33%, which can be said to be the end of the sharp rise of n-butanol in the second quarter.

In terms of upstream propylene oxide, in the first ten days of June, the market price of propylene oxide dropped sharply in the last ten days. After falling to a low point, the market price of propylene oxide began to rise steadily in the last ten days of June and stabilized temporarily on the 30th. Recently, due to the influence of logistics and start-up policy, the supply of propylene oxide has decreased, and the market is mainly on the lookout. At present, the mainstream quotation of propylene oxide Market in Shandong is around 14000-14100 yuan / ton, and the mainstream quotation of propylene oxide Market in East China is around 14200-14400 yuan / ton.

Aftermarket analysis

At present, the market of n-butanol in Shandong is running smoothly, the inventory of manufacturers is reasonable, the downstream just needs replenishment, and the attitude of the industry is positive. The n-butanol analysts of the business community believe that the domestic n-butanol market is expected to continue to develop well in the short term