According to the monitoring data of the business community, as of October 8, the average ex factory price of domestic n-butanol was 7366 yuan/ton. Compared with September 30 (the average reference price of n-butanol was 6666 yuan/ton), the average price increased by 700 yuan/ton, or 10.5%. Compared with September 1 (the reference average price of n-butanol was 6866 yuan/ton), the average price increased by 500 yuan/ton, or 7.28%.

It can be seen from the data monitoring chart of the business community that the n-butanol market in Shandong Province has seen a broad rise after the National Day holiday, with an increase of more than 10%. The main supporting factors for the upward focus of the n-butanol market come from the following three aspects:

First, on the supply side, on the eve of the festival, the downstream of n-butanol was actively stocking up, and the manufacturers had a good performance in going to the warehouse. Therefore, after the festival, the overall inventory of n-butanol market was low, and the supply pressure was small, supporting the market price to rise.

Second, in terms of cost, the steady rise of propylene market as raw material supports the cost of n-butanol, and the overall mentality of n-butanol industry is good.

Third, on the demand side, it is reported that after the National Day holiday, the storage, parking and maintenance plan of a n-butanol unit in Shandong Province may drive the downstream to continue to replenish goods after the holiday, so the overall demand side also brings some good expectations.

On October 8, the domestic market price of n-butanol in Shandong Province was around 7300-7400 yuan/ton, and the price increase was around 500-700 yuan/ton compared with that before the festival. At present, the trading atmosphere of n-butanol is good.

In terms of upstream propylene, the domestic propylene (Shandong) market changed from a weak one in September, with prices rising all the way. In October, the propylene market continued to run at a high level during the holiday period. According to the data monitoring of the business community, the reference price of propylene was 7620.60 yuan per ton on October 7, an increase of 7.32% compared with the beginning of September.

Post market analysis of n-butanol

Based on the current situation, the n-butanol industry has a positive attitude towards the future market, and the current support of the n-butanol market is relatively stable. The n-butanol data engineer of the business community believes that in the short term, the domestic n-butanol market in Shandong will mainly operate in a stable, medium to strong way, and more attention should be paid to the specific information changes on the supply and demand side.