According to the monitoring data of the business agency, as of November 17, the average ex factory price of n-butanol in Shandong was 9800 yuan / ton, which was increased by 100 yuan / ton or 1.03% compared with November 15 (the reference average price of n-butanol was 9700 yuan / ton); Compared with the price on November 1 (the reference average price of n-butanol was 10600 yuan / ton), the average price was reduced by 800 yuan / ton, a decrease of 7.55%.
In early November, the domestic n-butanol market in Shandong continued to decline. At the end of last week, the overall market trend of n-butanol was still weak. The price of Shandong factory was mainly stable, the transaction atmosphere of new orders was flat, and the purchase was mainly just needed. The main downstream users showed general enthusiasm for spot procurement of raw materials. This week, on Monday (15th), the prices of individual factories were still reduced in the n-butanol market. Subsequently, affected by the overhaul of n-butanol units in some regions, the supply of n-butanol in the field is expected to decrease and the supply pressure is reduced. In two days on Tuesday and Wednesday, the market of n-butanol in Shandong finally warmed up slightly. The factory price of n-butanol increased slightly by 100-200 yuan / ton, the market trend is slightly stronger, and the downstream is replenished periodically, The trading atmosphere on the floor was improved, the pressure of n-butanol shipment was relieved, and the normal shipment was improved compared with the previous period. As of November 17, the ex factory price of n-butanol in Shandong, East China and South China was around 9700-9900 yuan / ton, 9800-10000 yuan / ton and 9900-10100 yuan / ton respectively.
In terms of upstream propylene, on the 16th, the overall propylene market in Shandong decreased by 100 yuan / ton, and the average propylene price in Shandong was 7792 yuan / ton, down 1.33% from the 15th. The downstream gas buying is insufficient, especially the weakness of polypropylene, the main demand, is difficult to change. Propylene enterprises take the goods in line with the trend, and the price is reduced. There is no obvious positive effect on the propylene market, and it is expected that the propylene market will be weak in the near future.
Internationally, on November 15, the international oil price rose and fell. The main contract of WTI crude oil futures in the United States closed slightly, with the settlement price reported at $80.88/barrel, an increase of $0.08, and the settlement price of Brent crude oil futures closed slightly, reported at $82.05/barrel, a decrease of $0.121 or 0.2%. The oil price has fallen into a stalemate due to the expected increase in supply, demand growth and the strength of the US dollar.
Future analysis of n-butanol
At present, there are regional n-butanol unit maintenance in China, and some downstream factories take the initiative to receive orders on demand. Spot transactions are relatively smooth, and there are many supply areas, which will continue to support the market mentality. The n-butanol data division of business society believes that in the short term, the n-butanol market in Shandong will continue a strong trend.