Local time on October 17th the German BASF butanol device because of explosion accident of parking, coincidentally the week domestic n-butanol factory in October 18th raised the offer, in the range of 100 yuan / ton; the industry believes that the German BASF explosion is a good support for the Chinese n-butanol market, contributed to the market price of Chinese butanol. At present, Shandong mainstream manufacturers offer in 5800 yuan / ton; Jiangsu and Zhejiang market offer in 5850-5950 yuan / ton, maintain the downstream users just need to purchase, the market active atmosphere dull.
The strong growth of the dollar, forcing traders to take profits on Thursday (October 20th) WTI; December crude oil futures prices fell $1.19, to $50.63 / barrel. December Brent crude oil futures fell $1.29 to $51.38 a barrel. During the week, drag in the epoxy propane propylene market, the mainstream price down 100 yuan / ton, but the overall market sentiment is propylene, the industry is not too short.
The industry believes that if the BASF explosion effect of long time alcohol device long-term parking, do not rule out the China export n-butanol supporting the European market. Part of raw materials, propylene oxide plant equipment maintenance bring a certain negative impact to propylene market, refinery shipments will have none; downstream factory shipments of raw materials of butanol butyl slow cooling industry purchasing enthusiasm, maintain the current demand procurement. The market is expected next week butanol sideways, offer to go hard.