According to the monitoring data of the business community, as of January 6, the average ex factory price of domestic n-butanol was 8400 yuan / ton, which was 866 yuan / ton lower than that on January 1 (9266 yuan / ton), with a decrease of 9.35%; and 700 yuan / ton lower than that on December 1 (9100 yuan / ton), with a decrease of 7.69%.
Demand weakened, downstream wait-and-see, n-butanol prices down
After new year’s day, the domestic n-butanol market continued to decline for several days. Affected by the weakening demand, strong wait-and-see sentiment of downstream procurement, slow replenishment and other factors, n-butanol market went down for three consecutive days after new year’s day, with a single day decline of 200-300 yuan / ton. On the 6th, Shandong Luxi n-butanol factory quotation reference 8000 yuan / ton, down 300 yuan / ton compared with the previous working day, Shandong lihuayi n-butanol factory quotation reference 8300 yuan / ton, down 20 yuan / ton compared with the previous working day The reference price of domestic n-butanol factory is 8000-8900 yuan / ton, which is 600-900 yuan / ton lower than that before the festival. As of January 6, the average ex factory price of domestic n-butanol reference 8400 yuan / ton, compared with January 1 (reference price 9266 yuan / ton), the average price decreased 866 yuan / ton, down 9.35%; compared with December 1 (reference price 9100 yuan / ton), the average price decreased 700 yuan / ton, down 7.69%.
Upstream, after the new year’s day, on January 4, the propylene market price in Shandong continued to rise slightly. According to the price chart of the business club, the price of propylene declined all the way at the end of December, and began to rise on New Year’s day. By the 4th, the price had been raised by about 100 yuan / ton. The overall market was stable on the 5th and 6th. At present, the transaction volume of propylene market was between 7200 yuan / ton and 7550 yuan / ton, and the mainstream price was about 7250 yuan / ton. Factory inventory is general, stable delivery.
In terms of crude oil, on January 5, the price of WTI crude oil futures market in the United States rose sharply, with the settlement price of the main contract at US $49.93/barrel, up US $2.31 or 4.85%. Brent crude oil futures market prices rose sharply, the settlement price of the main contract was 53.60 US dollars / barrel, or 2.51 US dollars or 4.91%. International oil prices soared on Tuesday, with WTI and Brent crude oil up nearly 5%, mainly due to Saudi Arabia’s unexpected announcement that it will voluntarily reduce production in February and March, and other OPEC + member countries maintaining stable production.
It is expected that n-butanol will be able to maintain stability and go down in the future market
At present, the overall purchasing atmosphere of n-butanol market is general, and the confidence of the industry is slightly reduced. However, as the Spring Festival is approaching, and the logistics has been shut down in succession, it is expected that the downstream will start a new round of pre festival goods preparation in a short period of time, but there is always resistance to high prices in the downstream. Therefore, the n-butanol data division of the business community believes that in the short term, the domestic n-butanol market will maintain stable operation, with callback space and downward short space Time will be limited.