According to the monitoring data of the business community, when the National Day holiday came back in October, the center of gravity of the n-butanol market in Shandong Province moved up. As of October 17, the reference price of n-butanol in Shandong Province was 7266 yuan/ton, which was 600 yuan/ton higher than that on September 30 before the festival (6666 yuan/ton).

It can be seen from the data monitoring chart of the business community that the n-butanol market in Shandong Province has seen a broad rise after the National Day, with a rise of 9%. The main supporting factors for the upward focus of the n-butanol market come from the following three aspects:

First, on the supply side, on the eve of the festival, the downstream of n-butanol was actively stocking up, and the manufacturers had a good performance in going to the warehouse. Therefore, after the festival, the overall inventory of n-butanol market was low, the supply side was tight, and the supply pressure was small, supporting the market price to rise.

Second, in terms of cost, the steady rise of propylene market as raw material supports the cost of n-butanol, and the overall attitude of n-butanol industry is positive.

Third, on the demand side, it is reported that after the National Day holiday, the inventory, parking and maintenance plan of a n-butanol unit in Shandong Province may drive the downstream to continue to replenish goods after the holiday if the on-site inventory remains low. Therefore, the demand side as a whole also brings some good expectations. After the holiday, the trading atmosphere in the n-butanol plant is good, and the downstream procurement mentality is good.

As of October 17, the market price of n-butanol in Shandong Province in China is around 7100-7300 yuan/ton, and the price increase is around 400-600 yuan/ton compared with that before the festival. Among them, the ex factory quotation of n-butanol of Luxi Chemical is about 7100 yuan/ton; The ex factory price of Shandong Lihuayi n-butanol is about 7200 yuan/ton.

In terms of upstream propylene, in October, after the National Day holiday, the domestic propylene market was running in shock as a whole. According to the data monitoring of the business community, on October 14, the reference price of propylene was 7620.60 yuan/ton, which was basically the same as that on October 1 (7620.60 yuan/ton).

Post market analysis of n-butanol

At present, the raw material propylene market has fallen slightly, and the cost support given to n-butanol has been somewhat loose compared with the previous period. On the 17th, the overall n-butanol market in Shandong Province fell with the focus of raw materials. The n-butanol data engineer of the business community believed that in the short term, the domestic n-butanol market in Shandong Province will mainly adjust its operation between large stability and small movement, and more attention should be paid to the specific information changes on the supply and demand side.