The 'Silver October' had not yet arrived, and since October, the domestic butanol market in Shandong Province has been in a weak and declining trend as a whole. After the National Day holiday ended and land transportation resumed, although some downstream markets had small-scale stocking, which slightly boosted the butanol market, the sustained support on the demand side was insufficient, and the butanol market quickly fell into a downward trend, and the market center continued to move towards a low level. According to monitoring data from SunSirs, on October 26th, the market price of n-butanol in the Shandong region of China was based on 7,566 RMB/ton, a decrease of 16.54% compared to early October.
Analysis review
In terms of demand: Since early October, the overall demand of downstream for n-butanol had been weak, and the continuous support provided by the demand side to the market was insufficient. There were few new orders on the n-butanol market, and the inquiry atmosphere was light. The n-butanol market was under pressure for shipments, and the market started a weak downward trend.
In terms of supply: As entering October, the preliminary maintenance equipment for n-butanol had been basically completed. After the equipment gradually resumes operation, the overall supply of n-butanol in the field improved, and the supply support for n-butanol from the supply side was relatively sufficient. After the demand was not timely, the supply-demand contradiction gradually revealed, and the focus of the n-butanol market continued to move towards the low end.
Market outlook
As of October 26th, the n-butanol market was in an active state of maintaining stability. It is rumored that there would be temporary maintenance of n-butanol units in some areas In the future, the supply side of n-butanol may provide some support to the market. In addition, the n-butanol market is operating at a relatively low level, and downstream markets are seeking bargains to replenish goods, while the demand side may enter a stage of stocking. Therefore, the n-butanol data analyst at SunSirs believes that in the short term, the n-butanol market may be able to stabilize and slightly recover, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.
