According to the monitoring data of the business agency, as of December 07, the average ex factory price of domestic n-butanol was 9066 yuan / ton. Compared with the previous day, the average price of domestic n-butanol decreased by 133 yuan / ton, or 1.45%; compared with December 1, the average price of domestic n-butanol was reduced by 33 yuan / ton, or 0.37%. Compared with November 1, the average price increased by 2654 yuan / ton, or 37.72%.

The market of n-butanol soared by 38.23% in November

In the first ten days of November, the domestic market of n-butanol showed a weak trend for several days. During this period, some factories slightly reduced the ex factory quotation of n-butanol. After the end of the first ten days, n-butanol downstream butyl alcohol users entered the market to replenish goods from September to October. Due to the shortage of spot supply of n-butanol, the price of n-butanol factory began to rise, with an increase range of 200-400 yuan / ton. Then in the middle and late ten days, the market of n-butanol entered a wide upward channel, and the maximum daily increase was around 500 yuan / ton. Until the 26th, the price of n-butanol rose to the highest in November, and the average ex factory price of domestic n-butanol was referred to 9100 yuan / T, and then the overall market was stable near the end of the month. By the end of the 30th, the average ex factory price of domestic n-butanol was 9100 yuan / ton, up 2517 yuan / ton, or 38.23% per month, compared with November 1.

At the beginning of December, n-butanol fell slightly in high-level turbulence

On the first two days of December, the domestic n-butanol market as a whole continued to operate at a high and stable level. The factory inventory was low, and a small amount of spot goods were mainly used for old customers. The downstream just needed to purchase. On March 3 and 4, the market price of some n-butanol in Shandong increased by 200-400 yuan / T, and the low-end market was close to the high-end. On the 4th, a leading factory in Shandong Province lowered the mainstream price of n-butanol by 200 yuan / ton. On the 7th, some high quotation factories lowered the ex factory quotation of n-butanol again by 100-200 yuan / ton. At present, the market is in a downward trend.

As of December 07, the average ex factory price of domestic n-butanol was 9066 yuan / ton, which was 133 yuan / ton lower than the previous day, or 1.45% lower; compared with December 1, the average price of domestic n-butanol decreased by 33 yuan / ton, or 0.37%. Compared with November 1, the average price increased by 2654 yuan / ton, or 37.72%.

Upstream, on December 4, the propylene market price in Shandong region rose slightly. According to the price chart of business agency, the price of propylene rose continuously in late November, increasing by more than 12%. At the end of the month, the price remained stable again. On the fourth day, some of them went up. At present, the market transaction is still between 7550 yuan / ton and 7900 yuan / ton, and the mainstream price is between 7650 yuan / ton and 7700 yuan / ton. Now the factory stock is small, the shipment situation is good.

In terms of crude oil, on December 4, the price of WTI crude oil futures market in the United States rose, with the settlement price of main contracts at $46.26/barrel, up $0.62. Brent crude oil futures market prices rose, the main contract settlement price to 49.25 U.S. dollars / barrel, up 0.54 dollars. Oil prices continued to rise on Friday, mainly due to rising expectations of the US stimulus plan and vaccines.

Weak supply and demand support, short-term hard demand transactions

At present, n-butanol market new single negotiation atmosphere is general, the primary market spot inventory is low. The supply side of the market is flat, and the downstream buyers tend to weaken, so they can buy as soon as they are used, and they are cautious in hoarding. It is expected that the n-butanol market will just need to be closed in the short term, and the negotiation may be on the low side, and the overall fluctuation space of the market will be limited.