Domestic supply reduced, n - butanol market trend is strong

After the middle of August, the fluctuation range of the domestic n-butanol market narrowed, and the market center of Jiangsu fluctuated between 15,500-15,800 CNY/ton.  At the end of August, yan 'an Energy chemical n-butanol plant was stopped for maintenance, and the market price of n-butanol only increased by 100 CNY/ton.  The main downstream market price of butyl acrylate began to decline gradually from the beginning of August, with a decline of 6.32% in August, which weakened the impact of the maintenance of domestic N-butanol devices. After most users purchased n-butanol at a low price in late August, the atmosphere of new orders in the market declined.

Butyl Acrylate market prices rose to a high in early August, the end user resistance began to appear, downstream production on demand, dragging the Butyl Acrylate market gravity significantly down.  At the end of August, the holder of goods shipped actively, export orders delayed to increase supply, oversupply situation opened, butyl acrylate market low prices continue to appear, to the beginning of September, the market rebound.

Due to the shutdown and maintenance of Formosa Plastics' 250,000-ton n-butanol unit in Taiwan, China's n-butanol import volume dropped sharply from May to July, and the import source region changed. The cumulative import volume of n-butanol from May to July was 12,700 tons.  Taiwan plant resumed normal production in August, and China's n-butanol imports are expected to gradually recover to normal levels in August and September.

The domestic supply of n-butanol decreased in September. In terms of domestic supply and import volume, the overall supply level in September did not change much compared with August.  September is the traditional peak demand season for downstream products. As n-butanol and downstream butyl ester products run at a high level for a long time, which inhibits the activity of domestic terminal demand, there are still uncertain factors whether the downstream demand can increase in September.  In September, yan 'an energy chemical plant was repaired, the inventory level in this region was low, the impact of northwest sources on shandong and East China markets basically disappeared, and the power of shandong factories was enhanced. It is expected that the overall n-butanol market will run strongly in September.