The China domestic market price of n-butanol continued to decline this week (11.4-11.8)

I. price trend

According to the data monitoring of business agency, as of Friday (November 8) this week, the average price of n-butanol in the mainstream region was 6116.67 yuan / ton (including tax), and the price in the mainstream region continued to fall by 1.61% compared with that on Friday (November 8). At present, the main quotation of n-butanol in China is about 6150-6600 yuan / ton.

II. Market analysis

Product: the n-butanol market continued to run weak this week. At the beginning of this week, the negotiation atmosphere of the n-butanol market was light, the market focus appeared a slow downward trend, and the new orders in the market were not smooth. In the middle of the week, the center of gravity of the n-butanol market fell, a small amount of goods in the northwest region were released, spot transactions in Shandong market were cold, coupled with the increase of the load of the n-butanol unit of the large factory, the shipping pressure of the large factory in Shandong increased, the pressure of the market supply was increased, the downstream market was also weak, the raw material procurement maintained rigid demand, waiting for the profit of the upstream factory, and then the Shandong market fell. East China’s market was weak, and the focus of negotiations fell with Shandong. At present, the overall supply of n-butanol market has recovered, the inventory of large factories has been gradually accumulated, and the market negative impact has been expanded. The market as a whole is still bearish and weak As of November 8, the quotation of Wanhua Chemical Co., Ltd. this week is relatively stable, with a slight adjustment of 100 yuan / ton compared with the quotation at the beginning of the week at the weekend. At present, the ex factory quotation of Wanhua in North China is 6100 yuan / ton, the ex warehouse quotation of East China is 6350 yuan / ton, and the ex warehouse quotation of South China is 6600 yuan / ton.

Industry chain: the overall price of propylene market has increased in this week’s stability. As of November 7, the current market turnover is about 7230-7500 yuan / ton, and the mainstream price is 7300 yuan / ton. At present, the external supply of goods is not fully recovered, and the crude oil and PP market is still ideal, and propylene shipments are smooth, but the upward speed is relatively fast in the short term, so it is expected that the market price of propylene will remain stable and stable in recent days.

III. future forecast

According to the analysis of the data analyst of the business club, it is expected that the market of n-butanol will be affected by the demand of downstream butyl and other products, as well as the cautious attitude of customers, and the focus may continue to be explored in the short term.