1、 Price trend

According to the data of business agency, as of April 13, the average price of n-butanol was 5216 yuan / ton (including tax). Compared with the previous day (reference price 4516 yuan / ton on April 12), it increased by 700 yuan / ton, or more than 15%.

2、 Market analysis

Product: after the Qingming Festival in April, the domestic market of n-butanol has been steadily rising. The price of raw material propylene has been greatly increased at the end of last week, boosted by its strong support. During the weekend, the price of n-butanol has been greatly increased. At present, the load of many manufacturers is low, and the inventory of mainstream manufacturers has been significantly reduced. Affected by the surge of raw materials, the cost of manufacturers has increased and the pressure has increased. It is heard that some manufacturers have production reduction or parking plans At present, the supply of goods in the market is tight, and the situation of reluctant to sell is obvious. Some large factories in Shandong are waiting for the closing. At present, a small number of downstream replenishment mentality is positive, some of the downstream hold a wait-and-see attitude, and the overall market trading atmosphere is warmer than before. As of April 14, the reference quotation of n-butanol market in South China has risen to 6000-6400 yuan / ton, and that in Northwest China has reached 6250 yuan / ton. The quotation of n-butanol in North China of Wanhua Chemical Co., Ltd. is 6000 yuan / ton, that of n-butanol in East China is 6200 yuan / ton, and that of n-butanol in South China of Wanhua Chemical Co., Ltd. is 6400 yuan / ton. Compared with last week, the price of each region is up to 1500 yuan / ton.

Industrial chain: since April 3, the price of propylene has continued to rise. On the one hand, affected by the international situation, many countries have introduced production reduction policies to improve the crude oil market and increase the price of propylene. On the other hand, due to the impact of public health events, the price of melt blown cloth has skyrocketed, and its raw materials are mostly favorable. The modified special materials in PP are melt blown cloth raw materials, with obvious price rise. Now, PP futures continue to rise, and Friday’s trading market appears, which is of great benefit to propylene price. On April 12, the market price of propylene in the eastern region continued to soar. Once again, the daily price hike was generally over 1000 yuan / ton, an increase of 35.02%. Some enterprises even soared 5000 yuan / ton, an increase of nearly 100%. 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, and 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 of propylene increased by 100 yuan / ton every day, and on the tenth day, it increased by 200-300 yuan / ton. On the 11th day of Saturday, the price of propylene increased by more than 1000 yuan / ton. On the 12th day of Sunday, it continued to soar by 1000-5000 yuan / ton. The market The deal has soared to 8000-12000 yuan / ton, and some manufacturers have suspended their offers. The upstream production reduction is good, the downstream procurement enthusiasm is good and the raw materials are in short supply. It is expected that the propylene price will still have a significant upward adjustment in recent days.

3、 Future forecast

Analysts of n-butanol, a business club, believe that due to the impact of the surge in raw propylene, it is expected that the focus of the domestic n-butanol market will be high and strong in recent days.