The price of n-butanol fluctuated greatly in late March, with an overall decline of nearly 10%

According to the monitoring data of the business community, as of March 24, the average ex factory price of n-butanol in Shandong Province was 12400 yuan / ton, which was 1366 yuan / ton lower than that on March 15 (13766 yuan / ton), with a decrease of 9.93%; and 2733 yuan / ton lower than that on March 1 (15133 yuan / ton), with a decrease of 18.06%.


Continuous insufficient support of demand, n-butanol fell sharply in late March


In early March, stimulated by the increase in exports, the n-butanol market once again reached a historical high. However, the “high” was short-lived, the downstream costs were under too much pressure, the demand was cold, the market was deadlocked, and the focus of transaction continued to move down into late March, The n-butanol market in Shandong Province continued to decline. On the 15th, the offer price of n-butanol plants in Shandong Province was sharply reduced by 500-1000 yuan / ton. The mainstream offer price in the market was around 13500-14000 yuan / ton. The low-end price transaction was acceptable. The market trading atmosphere was eased. The main downstream users of butyl acrylate maintained purchasing on demand. Subsequently, the market as a whole remained weak and fell slightly, and the transaction continued to loosen.


Due to the lack of continuous purchasing support from the demand side, the market price of n-butanol in Shandong fell sharply on the 22nd, and the difference between the market price of n-butanol in Shandong and that in South China widened. The ex factory quotation of n-butanol in Shandong was lowered to 12000-12500 yuan / ton, down 8000-1300 yuan / ton compared with the previous working day. After the significant profit concession of n-butanol plants, the trading volume increased, but there was no change The phenomenon of rush for goods downstream.


Positive device to boost n-butanol fell slightly after the rally


On the 23rd and 24th, driven by the favorable maintenance of n-butanol units in some regions of China, the purchasing enthusiasm of downstream users increased, and the market price rose slightly. By the end of the 24th, the average ex factory price of n-butanol in Shandong was 12400 yuan / ton. Compared with the 22nd, the price had a correction of 233 yuan / ton, up 1.92%. Compared with the 21st, the price had a decrease of 933 yuan / ton, down 7%. Compared with the 15th, the price had a decrease of 1366 yuan / ton, down 9.93%.


Upstream, March 24, Shandong propylene market prices fell slightly stable. According to the price chart of the business society, affected by the upstream and downstream, the propylene price rose again and again in the second half of February, which was at a high level for many years. It was generally stable at the end of the month and the beginning of the month. The price began to decline on the 4th, and generally rebounded on the 8th. The price rose 150-250 yuan / ton in two days, and then generally stabilized. The price rose about 50 yuan / ton again on the 12th, and continued to rise 50 yuan / ton on the 15th, starting from the 16th Since the 18th, the price has entered the downward channel again, with a daily drop of 100-150 yuan / ton. The current market transaction has dropped to 7950-8700 yuan / ton, and the mainstream price is 7950-8000 yuan / ton. The US propylene market dropped sharply on the 18th, which also had a certain impact on the domestic market. Propylene market is now no pressure on inventory, shipment is relatively smooth.


The market fluctuated rapidly, the downstream was cautious, and n-butanol remained weak and stable in the short term


As the recent fluctuation of n-butanol market is relatively fast, and the range is relatively large, although the current n-butanol market price is the low price in the market for nearly a month, the fluctuation still aggravates the wait-and-see mood of downstream procurement, the mentality of downstream industry is obviously more cautious, and the demand is not fully opened due to the low price. Therefore, the n-butanol data analysts of the business community believe that the n-butanol market in the short term The price rebounds sharply, the motive force is insufficient, and Duowei is weak and stable.

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