According to the monitoring data of the business agency, as of December 23, the average ex factory price of n-butanol in Shandong was 8166 yuan / ton. Compared with the price on December 1 (the reference average price of n-butanol was 8933 yuan / ton), the average price was reduced by 767 yuan / ton, a decrease of 8.58%.

It can be seen from the data monitoring chart of business agency that in early December, the domestic n-butanol market in Shandong fell sharply, with a decline of 14.18% in the first half of the month. Since the beginning of this month, affected by the sharp drop in international oil prices, the trading atmosphere in the n-butanol field has been calm, the downstream demand has been cautious, the n-butanol factory has accumulated inventory, and the shipping pressure has increased. Since the 2nd, the offer price of the n-butanol factory in Shandong has been gradually reduced, and the trading focus in the n-butanol field has also been continuously downward. The wait-and-see mood in the downstream has always been strong, the goods are carefully prepared, and the contradiction between supply and demand has been intensified, As of December 13, the average price of n-butanol in Shandong had dropped to 7500 yuan / ton. Then the low-end price of n-butanol increased, and the overall trading atmosphere in the venue improved. In addition, the temporary parking of n-butanol units in Northwest China strengthened the support of the supply side in the venue. From December 14, the market situation of n-butanol in Shandong stopped falling and warmed up, and the offer price of the factory increased slightly. As of December 15, The ex factory price of n-butanol in Shandong is 7600-7800 yuan / ton, and the average price is 7666 yuan / ton, a decrease of 15.57% in the first half of the month compared with the beginning of the month.

In late December, the domestic n-butanol market in Shandong continued to pick up steadily as a whole, downstream users bought goods on bargain hunting, the trading atmosphere was calm, the overall supply pressure of n-butanol was small, and there was still support in the supply. Since the 16th, Shandong factory continued to slightly increase the outgoing price of n-butanol. As of December 23, the ex factory price of n-butanol in Shandong was around 8000-8300 yuan / ton, The average price is 8166 yuan / ton. Compared with the price on the 15th, it increased by 6.52% in late December, and the overall decline is still 8.58% compared with the beginning of the month. At present, the atmosphere of low price transaction in the domestic n-butanol market in Shandong is acceptable, the downstream just needs to perform stably, the factory orders are arranged normally, and some factories receive new orders under the support of supply.

In terms of index, the commodity index of n-butanol (industrial grade) on December 22 was 64.40, the same as yesterday, down 51.13% from the highest point of 131.79 in the cycle (2021-05-16), and up 115.46% from the lowest point of 29.89 on November 30, 2015. (Note: cycle refers to the period since September 1, 2011)

In terms of upstream propylene, on December 22, the trend of propylene (Shandong) tends to be stable, and the mainstream price of propylene in Shandong is 7400-7450 yuan / ton. Recently, the crude oil price has fluctuated all the way, which has limited boost to the propylene market. The downstream market is dominated by just demand, the procurement atmosphere is not high, the market supply is sufficient, and the demand pull is limited. It is expected that the propylene market will be weak and low in the near future.

Future analysis of n-butanol

Based on the current situation, the supply side of n-butanol is still supporting in the short term, and the overall downstream demand is OK. The n-butanol datagrapher of business society believes that in the short term, the n-butanol market in Shandong will be stable and strong, and more attention should be paid to the changes of supply and demand side.