According to the monitoring data of business society, as of January 12, 2022, the average ex factory price of n-butanol in Shandong Province was 9066 yuan / ton, which was 666 yuan / ton lower than that on January 9 (9866 yuan / ton); Compared with the price on January 1 (the reference average price of n-butanol was 8300 yuan / ton), the average price increased by 766 yuan / ton, an increase of 9.24%.

It can be seen from the data monitoring chart of business society that after new year’s day, the domestic n-butanol market in Shandong increased significantly. At the end of last week, the average ex factory price of n-butanol in Shandong rose to 9866 yuan / ton, and some high prices exceeded 10000 yuan / ton. At the end of last week, downstream users’ enthusiasm for purchasing high price raw materials decreased, resistance grew, and the transaction at high prices in the market was slow. Since the beginning of this week (the 10th), the market price of n-butanol has dropped, the factory quotation has been reduced one after another, and the market focus has been under pressure. As of the 12th, it has been running down for three consecutive days. The ex factory price of n-butanol in Shandong is around 9000-9200 yuan / ton, which has been reduced by 800-1000 yuan / ton in three days, with a decrease of 6.76% in three days. At present, after the sharp decline in the market price of n-butanol, the downstream demand has not increased significantly, the execution of orders is cautious, and the overall transaction on the floor is still cold.

In terms of index, the commodity index of n-butanol (industrial grade) on January 11 was 76.09, the same as yesterday, down 42.26% from the highest point of 131.79 in the cycle (2021-05-16), and up 154.57% from the lowest point of 29.89 on November 30, 2015. (Note: the period refers to the period from September 1, 2011 to now)

In terms of upstream propylene, the propylene market in Shandong rose last week. In this week, the propylene market in mountainous areas fluctuated. On the 10th, after the overall decline of propylene market in Shandong, the market had a correction on the 11th. As of the 11th, according to the monitoring data of business agency, the average ex factory price of propylene in Shandong was 7800.80 yuan / ton, an overall increase of 3.34% compared with the beginning of the month.

Future analysis of n-butanol

At present, the n-butanol plant has a strong willingness to take the initiative to receive orders, downstream users mainly purchase on demand, the difference between high and low prices in the field is gradually reduced, and the supply and demand side does not show much support for the n-butanol market. The n-butanol data division of business society believes that in the short term, the n-butanol market in Shandong is weak, and it is not ruled out that the prices of individual high quotation factories are still possible to explore. Specifically, we need to pay more attention to the basic changes in supply and demand.