According to the data monitoring of business associations, as of September 12, the average price of n-butanol in mainstream areas was 6 800 yuan/ton (including tax). The price of n-butanol in mainstream areas was 33 yuan/ton (including tax) lower than that of September 11, down by 0.49%. At present, the mainstream price range of n-butanol in China is 6 700-6 900 yuan/ton.
II. Market Analysis
|PVA 1799 (PVA BF17)|
Product: Beginning early this week (September 9), the market price of n-butanol increased slightly compared with last week. The rising price maintained until mid-week (September 11). Affected by the increase of supply, the downstream purchasing situation was poor, the wait-and-see mood was strong, and the market as a whole was in a stalemate. By September 12, the market price of n-butanol appeared small. The price was flat with that at the beginning of the week, and the average price remained stable at 6,800 yuan/ton. The supply of n-butanol increased in Shandong, and the market mainly took the initiative to receive orders before the short and long holidays. There was little intention to follow up the low-end offer in the market. At present, as of September 12, the ex-factory quotation of n-butanol from Lihua Chemical Company in Shandong Province is around 6,800 yuan/ton, which has been stable for a week; the ex-factory quotation of n-butanol from Luxi Chemical Company is 6,700 yuan/ton, down 100 yuan/ton from September 11; and the ex-factory quotation of n-butanol from Wanhua Chemical Company in North China is stable at 6,900 yuan/ton this week, with no adjustment in the week.
Industry chain: The domestic market of propylene, the upstream product of n-butanol, has been steadily rising as a whole. The price of propylene in Shandong has remained stable. The price of propylene in Shandong has slightly declined by about 50 yuan/ton from 9 to 10 this week. On 11, the price of some enterprises has risen by 50 yuan/ton, and on 12, it has been stable. At present, the market turnover is about 7600-7750 yuan/ton, and the mainstream price remains unchanged. It’s still 7,600 yuan/ton. As the Mid-Autumn Festival is approaching, downstream manufacturers are actively stocking up, upstream refineries are more willing to push up, shipments are relatively smooth, and transport of dangerous chemicals is limited during the holidays, spot market is slightly tense, the market or storage space in the short term.
3. Future Market Forecast
Business societies data analysts believe that: in late September, the overall stability of butanol operation is expected to be the main, the market supply is stable under the premise of small price adjustments.