According to the monitoring data of business society, as of January 17, 2022, the average ex factory price of n-butanol in Shandong Province was 9600 yuan / ton. Compared with January 14 (the reference average price of n-butanol was 9133 yuan / ton), the average price increased by 467 yuan / ton, a decrease of 5.11%; Compared with the price on January 1 (the reference average price of n-butanol was 8300 yuan / ton), the average price increased by 1300 yuan / ton, or 15.66%.

It can be seen from the data monitoring chart of business society that at the end of last week, the domestic n-butanol market in Shandong finally rose after falling for several days. This week, the domestic n-butanol market was in short supply, the operators’ mentality was good, the downstream concentrated goods preparation was good, and the demand side performed well. On the 17th of the week, the domestic n-butanol market rose generally, and the factory increased by about 300-1200 yuan / ton, The high-end price of n-butanol broke through the 10000 yuan barrier again. The ex factory price of n-butanol in East China rose to 10200 yuan / ton, up 1200 yuan / ton compared with last weekend, and the ex factory price of n-butanol in South China rose to 10600 yuan / ton, up 1000 yuan / ton compared with last weekend. At present, the ex factory price of n-butanol in Shandong is around 9300-10200 yuan / ton, and the average price is 9600 yuan / ton. Compared with last weekend, the single day increase is 5.11%. At present, the Spring Festival is approaching, the downstream goods preparation continues, there is no pressure on the shipment of n-butanol factory, the supply side supports the upward market focus, the low-end price of n-butanol has the ability to continue to move up, and the market price difference is expected to continue to narrow.

In terms of index, the commodity index of n-butanol (industrial grade) on January 16 was 74.46, the same as yesterday, down 43.50% from the highest point of 131.79 in the cycle (2021-05-16), and up 149.11% from the lowest point of 29.89 on November 30, 2015. (Note: the period refers to the period from September 1, 2011 to now)

In terms of upstream propylene, according to the price map of business society, the price of propylene (Shandong) continued to rise slightly last week, and the increase was narrower than that of last week. As of last Friday, the propylene price in Shandong market was 7850-7900 yuan / ton. Due to the maintenance of enterprises in some areas, the supply is slightly tight, the downstream demand is insufficient, the wait-and-see atmosphere is strong, the propylene price continues to rise, the resistance increases, the demand constraints, and the price is difficult to continue to break through. At the beginning of the week, the propylene market was 7780 yuan / ton, and the average price at the weekend was 7870 yuan / ton, an increase of 1.36%.

Future analysis of n-butanol

At present, the downstream performance of n-butanol is good, and the pressure of n-butanol supply surface is relatively low. The n-butanol data division of business society believes that in the short term, the n-butanol market in Shandong will continue to be stable and strong, and more attention needs to be paid to the basic changes in supply and demand.