1、 Price trend

According to the data of business agency, as of May 9, the average price of n-butanol was 5166.67 yuan / ton (including tax), up 200 yuan / ton or 4.03% compared with the reference price of 4966.67 yuan / ton before Labor Day (April 30).

2、 Market analysis

Product: in April, the domestic n-butanol market was affected by raw material propylene. After the sharp rise and fall in the middle of the year, the n-butanol market gradually returned to the rational finishing stage towards the end of April. In May, after the labor day, the overall trend of the domestic n-butanol market has recovered and its focus has been raised. At present, the inventory in the market is low, the downstream purchasing atmosphere is more positive than before the festival, the transaction atmosphere is good, the spot sales pressure is small, and the mentality of the industry has been greatly improved. At present, the market is more smooth than the low-end source of goods. In addition, raw propylene is also gradually rising this week, and the factory cost pressure is increasing. As of May 9, the main factory offer continues to explore, with the range of 100-200 yuan / ton. Among them, the South China butanol market offer rises, and the port ex warehouse reference offer is around 5450 yuan / ton; surrounding users Just in need of replenishment. The offer of Shandong n-butanol market continued to incline upward, with the local factory concentrated at 5100-5150 yuan / ton. The core users picked up the goods stably, the mainstream manufacturers delivered goods stably, and the inventory level of the factory was low; the price of Jiangsu n-butanol market rose, the local warehouse was 5300-5350 yuan / ton, and there were many small and medium-sized orders.

Industry chain: in April, the domestic propylene market was like a “roller coaster”. After the Qingming Festival, the price of propylene increased steadily. On the 10th, it increased by 200-300 yuan / ton. On the 11th, the manufacturers generally increased by 1000 yuan / ton. On the 12th, the market continued to soar by 1000-5000 yuan / ton. After two days of temporary stability, on the 14th, most of the enterprises’ prices fell by 1000 yuan / ton. Some of the soaring enterprises may return to the prices before the surge. On the 15th, The price went down 500-1000 yuan / ton again. The price went down slightly from 22 to 25. It was basically stable. Near May Day holiday, there was a part of the downstream stock just needed, because the market price of propylene rose slightly. From 28 to 30, it rose 50-100 yuan / ton slightly. At the end of April, the market turnover was between 5900-6050 yuan / ton, and the mainstream price was around 5900 yuan / ton. In May, the price of propylene slightly increased by about 50 yuan / ton during the May 1st period, rose by 100 yuan / ton again on the 6th, and continued to rise by 50 yuan / ton again on the 7th and 8th in Shandong. At present, the transaction price of propylene market is between 6150-6300 yuan / ton, and the mainstream price is about 6150 yuan / ton.

3、 Future forecast

According to the analysis of the business agency’s butanol, the business agency’s butanol analysts believe that at present, the purchasing atmosphere in the downstream of the butanol is good, and it is expected that the market of the butanol will be stable in the short term, with moderate and slight increase.