News summary
The price of n-butanol in Shandong was lowered, recording 8033 yuan/ton on May 22, a decrease of 1.5 percent from May 17holdempokerfree.23%, market trading is calm, downstream demand is moderate, and short-term prices are expected to adjust in a narrow range.
Newsletter text
[The price of n-butanol in Shandong has been slightly lowered] According toholdempokerfreeAccording to data analysis, as of May 22, 2024, the market reference price of n-butanol in Shandong was 8033 yuan/ton, a decrease of 100 yuan/ton from May 17, a decrease of 1.23%. This week, the n-butanol market in Shandong showed a downward trend, and the market trading atmosphere weakened. The main reason was that downstream demand was moderate and the selling force was inferior to the previous period. The main n-butanol factories slowed down shipments, and the market price adjusted slightly accordingly, with an adjustment range of about 100 yuan/ton. As of May 22, the market reference price range remained at 8000 to 8100 yuan/ton. In terms of market prices, the quotations for n-butanol in Shandong, North China, South China and East China are 8,000 - 8,100 yuan/ton, 8,050 - 8,100 yuan/ton, 8,300 - 8,400 yuan/ton and 8,250 - 8,350 yuan/ton respectively. In terms of upstream raw materials, the benchmark price of propylene was reported to be 6,882.60 yuan/ton on May 22, up 1.21% from the beginning of May. According to analysis by n-butanol data analysts, the overall market capacity utilization rate remained stable this week, and the supply side was stable. Downstream demand is mainly based on just-needed procurement, with average support. It is expected that the domestic n-butanol market will maintain a narrow adjustment in the short term, and it is necessary to pay close attention to changes in supply and demand news.
