Price Trend

According to the data monitoring of business associations, the price of n-butanol in domestic market rose slightly this week. As of September 20, the average price of n-butanol in mainstream areas was 6 800 yuan/ton (including tax). The price in mainstream areas increased slightly by 33 yuan/ton (including tax) compared with September 16, up 0.49%. At present, the mainstream price range of n-butanol in China is 6 700-7 100 yuan/ton.

II. Market Analysis

Products: After the Mid-Autumn Festival, the domestic butanol market remained stable as a whole. Beginning in mid-week, it was strongly supported by the cost of butanol. The downstream demand was good, the overall trading atmosphere of the market improved, and the barycenter of the butanol market rose. At the beginning of this week, the opening rate was higher than last week, the overall market supply increased, and in some areas. Shipment prices rose slightly. Until September 20, the price of Wanhua chemical n-butanol remained stable in North China and East China this week. The ex-factory quotation in North China was 6900 yuan/ton, the ex-factory quotation in East China was 7100 yuan/ton, the price in South China was increased by 100 yuan/ton and the ex-factory quotation was 7300 yuan/ton. Shandong Luxi plant load this week is medium, inventory is still low, n-butanol quotation than last week callback 100.00 yuan/ton, quoted 6800 yuan/ton.

Industry Chain: Influenced by the sharp decrease of international crude oil production and the sharp rise of international oil price this week, propylene, the upstream product of n-butanol, began at the beginning of this week. The market price of propylene in Shandong Province has been greatly increased by 200-300 yuan/ton. At present, the market turnover is around 7850-8150 yuan/ton, and the mainstream price is 7950 yuan/ton. The market of propylene is in good condition. It is obvious that propylene market is expected to have an upward momentum in the near future.

3. Future Market Forecast

Business society data analysts believe that the recent high-level consolidation of the butanol market, the mainstream market delivery is still stable, the market is changing rapidly, and is closely related to the ups and downs trend.