First, the price trend
According to data from the business community’s big list, this week, n-butanol rose broadly. On August 6, the average price of domestic enterprises was 7875.00 yuan/ton. On August 10, the average price of domestic enterprises was 8425.00 yuan/ton, up 6.98% this week. As of August 10, the mainstream price of enterprises is 8200-8600 yuan / ton.
Second, the market analysis
Products: The overall operating rate of domestic n-butanol is not high, the factory equipment is intensively repaired, the spot supply is tight, the inventory is low, the price rises too fast, and the industrial chain is under pressure. As of August 10, the domestic mainstream price of butanol is 8200- 8600 yuan / ton, Shandong Lihua benefit 8200 yuan / ton, Wanhua Chemical North China area 8200 yuan / ton, East China area 8700 yuan / ton. South China 8800 yuan / ton, Luxi Chemical 8600 yuan / ton, Sinopec Qilu 8300 yuan / ton, upstream raw materials have strong support for n-butanol, the market trading atmosphere is active, procurement and active shipments smoothly.
Industry chain: The price of propylene in the upstream rose overall this week, the increase was large, the propylene raw material gas resources were scarce, the short-term parking due to insufficient raw materials, the supply of propylene output-limited enterprises decreased, and the overall inventory was low, resulting in a large push of n-butanol prices. Up, the downstream operating rate of n-butanol is low, the operating rate of butyl acrylate is about 5.3%, and the butyl acetate is about 5.3%. Most of the profits are not satisfactory.
Macro: In July 2018, the Business Social Enterprise’s Commodity Supply and Demand Index (BCI) was 0.12, with an increase of 0.59%, reflecting that the manufacturing economy was expanding in the month and the economy was running smoothly.
Third, the market outlook
The business community is butanol analysts predict: As the production of n-butanol production enterprises is stable, the supply side tightening will be eased, raw material propylene enters the high-priced digestion and finishing stage in the early stage, next week, the positive butanol market is stable, the mainstream reference price The range is from 8,300 yuan / ton to 8,800 yuan / ton.
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