According to the monitoring data of business agency, as of March 16, the average ex factory price of n-butanol in Shandong was 10366 yuan / ton. Compared with the price on March 13 (the reference average price of n-butanol was 11000 yuan / ton), the average price was reduced by 634 yuan / ton, a decrease of 6.61%.

It can be seen from the data monitoring chart of business agency that this week, the domestic n-butanol market in Shandong showed a downward trend as a whole. At the beginning of this week (14th and 15th), the downstream demand for n-butanol decreased, mainly digesting the inventory in the early stage, and the demand support was loose. The quoted price of n-butanol factories in Shandong Province was adjusted downward, with a reduction range of 100-300 yuan / ton. In the middle of the week (16th), the continuous decline of crude oil prices affected the mentality of n-butanol operators. The downstream decline started, the demand support continued to be insufficient, and the supply pressure of n-butanol increased, The market focus of n-butanol in Shandong continues to decline, and the reduction range is around 300-700 yuan / ton. As of the 16th, the ex factory price of n-butanol in Shandong Province was around 10300-10500 yuan / ton, with a decrease of 6.6% in the week. At present, the downstream demand is weak, and the trading atmosphere of n-butanol is general.

In terms of upstream propylene, the domestic propylene market in Shandong moved downward this week. According to the data monitoring of business agency, the reference price of propylene in Shandong was 8544 yuan / ton on March 16, down 5.72% this week compared with March 13 (9062.6 yuan / ton).

Future analysis of n-butanol

At present, the effective support of n-butanol field is insufficient, and the upper and lower transmission performance is general. The n-butanol datagrapher of business society believes that in the short term, the n-butanol market in Shandong will be dominated by weak operation, and more attention needs to be paid to the changes of supply and demand.