The domestic n-butanol market will be largely stable small movement

Back from the National Day holiday in October, Shandong region n-butanol market center of gravity upward, as of October 17, Shandong region reference price of n-butanol 7266 CNY/ton, compared with the holiday on September 30 (n-butanol reference average price 6666 CNY/ton), the average price increased 600 CNY/ton, up 9%.

The butanol market in Shandong province saw broad-based gains after the return from the National Day holiday, rising 9 percent, according to data monitoring. The main supporting factors for the upward market center of gravity for n-butanol come from the following three aspects:

One is on the supply side, in the run-up to the holidays, the overall inventory position of n-butanol downstream was more positive, with manufacturers reporting good warehouse performance, so after the return of the holidays, the overall inventory position of the n-butanol market was lower and the supply side was tighter, with less supply pressure to support strong upward movement in the market price.

Second, in terms of cost, the raw propylene market is steadily rising to support the cost of n-butanol, and the overall attitude of the n-butanol industry is positive.

Three are on the demand side..It is understood that after the National Day parking overhaul program at an N-butyl alcohol plant in Shandong, floor inventory can be driven downstream after a sustained low, or will continue to be heavily replenished, so the demand side is in good shape, which also brings certain expectations..The post-holiday n-butyl alcohol sector clinched a deal, the atmosphere was good and the downstream procurement mentality was even better.

Market prices for n-butanol in Shandong were quoted at around 7,100-7,300 yuan per tonne as of October 17, up around 400-600 yuan per tonne from the pre-holiday period, he said. Among them, Luxi Chemical's n-butanol plant quoted 7,100 yuan per ton. Butanol plants in Lihua, Shandong province, were quoted at around 7,200 yuan per tonne.

Upstream propylene, into October, after the end of the National Day holiday, the domestic propylene market overall shock operation, according to business data monitoring shows, on October 14, propylene reference price for 7620.60 CNY/ton, compared with October 1 (7620.60 CNY/ton), the price is basically flat.

N-butanol aftermarket analysis

The raw material, propylene market back slightly, giving n-butyl alcohol compared to the cost of support early a bit, 17, n-butyl alcohol market as a whole with the raw materials in shandong district center of gravity fall, n-butyl alcohol data division think business club, in the short term, n-butyl alcohol in shandong district market will be more big domestic stability run small dynamic range adjustment is given priority to, Specific also need to pay more attention to the specific news changes of supply and demand side.