1、 Price trend

According to the data of business agency, as of April 10, the average price of n-butanol was 4483 yuan / ton (including tax). At present, compared with the reference price of 4300 yuan / ton a week ago, the reference average price has increased 183 yuan / ton, a decline of more than 4.26%.

2、 Market analysis

Products: since the beginning of April, the domestic n-butanol market has been in stable operation at a low level, and the market focus has not been shifted down. More orders are processed in the early stage, and new orders are generally closed before the festival. With the impact of the decline of propylene market, the purchasing atmosphere in the downstream market before the Qingming Festival slowed down, and more purchases are made on demand, mainly digesting raw materials in stock. After the Qingming Festival, the trading atmosphere in the n-butanol market has increased, the enthusiasm of downstream butyl users for purchasing low-cost goods in the market has slightly increased, and the sharp rise in the price of raw propylene has given the industry firm confidence in raising the price. This week, several large-scale companies in Shandong Province of n-butanol began to offer higher prices one after another. On the 10th of the 9th, downstream customers began to purchase in bulk, with more inquiries and stronger quotations from the spot market. Up to now (April 10), the market price of n-butanol in South China has been raised, and the ex factory quotation is about 4800-4900 yuan / ton; the market price of n-butanol in East China is stable, and the ex factory quotation is about 4700-4800 yuan / ton; the ex factory quotation of n-butanol in North China of Wanhua chemical is about 4500 yuan / ton, which is 200 yuan / ton higher than that before the festival, and the ex factory quotation of n-butanol in East China is about 4700 yuan / ton, The ex factory price of n-butanol in South China is 4900 yuan / ton, which is 200 yuan / ton higher than that before the festival; the ex factory price of n-butanol in Luxi Chemical Industry is 4750 yuan / ton, which is 250 yuan / ton higher than that before the festival.

Industrial chain: on April 9, the market price of propylene in Shandong Province rose steadily. Last month, the price of propylene in Shandong Province fell in shock. At the end of the month, it fell sharply again, with a monthly decline of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton. On the second day, it still declined by 50 yuan / ton. On the third day, the price of some enterprises increased by 50-100 yuan / ton. After the Qing Dynasty, the price of propylene increased steadily. On the seventh day, the price began to rise by 100 yuan / ton. At present, the market transaction has risen to 5700-5800 yuan / ton, and the mainstream price is about 5700 yuan / ton. Affected by the international situation, the international crude oil market last month repeatedly reported new lows, but the market continued to rise after a sharp fluctuation on the 2nd. Now, many countries may introduce production reduction policies to improve the crude oil market and increase the propylene price. In addition, PP futures rose significantly, and the downstream procurement enthusiasm is good. It is expected that propylene prices will continue to rise in recent days.

3、 Future forecast

According to analysts of n-butanol, the domestic market of n-butanol is affected by factors such as rising raw materials and gradual recovery of downstream demand. Therefore, it is expected that the market of n-butanol will continue to play a steady role in the near future.