Price Trend

According to the data monitoring of business associations, the average price of n-butanol in mainstream areas was 6366.67 yuan/ton (including tax) as of August 8, and the price in mainstream areas was 83.34 yuan/ton (including tax) higher than that of last Friday (August 2). The weekly average price was 1.33% higher than that of last Friday (including tax). At present, the mainstream price range of n-butanol in China is 6200-6500 yuan/ton.

II. Market Analysis

Product: This week, the price of domestic butanol market continued to move steadily, slightly upward. The good maintenance of the plant still has an impact on the market. The firms offer more firm, the mainstream factories sell smoothly, the market activity atmosphere is more peaceful, the mainstream quotation in North China is around 6450 yuan/ton, and the mainstream quotation in East China is around 6600 yuan./ Near ton.

Industry chain: The market price of propylene, the upstream product of n-butanol, has fallen considerably this week. In early August, the propylene market operated steadily until August 5, when it began to fall, it dropped by 350 yuan/ton to August 7. At present, the market turnover is about 7550-8000 yuan/ton, and the mainstream price is about 7600 yuan/ton. Downstream factories are still in need of purchasing, refinery shipment pressure continues to rise, warming up the mood for profit and expenditure, further weakening the macro-market, the market for propylene is bad, propylene prices are expected to decline in recent days.

3. Future Market Forecast

Forecast: It is expected that the domestic n-butanol market will remain strong in the near future.