On December 4th, the n-butanol market rebounded strongly with an average price of 8027 yuan/ton, an increase of 2.37%

Yesterday, the average market price of n-butanol was 8027 yuan/ton, an increase of 2.37% compared to the previous working day. The market center of gravity is showing a gradual upward trend, mainly due to factors such as increased downstream production, tight spot market conditions, and a widening price difference with related products such as octanol.

Recently, although the load of downstream propylene butadiene units has decreased, enterprises mainly focus on executing contracts and have a mediocre willingness to purchase spot raw materials. However, with the recovery of profits from DBP and butyl acetate, the company’s profits remained in the profit stage, and with a slight improvement in factory shipments, downstream production gradually increased. Among them, the DBP operating rate increased from 39.02% in October to 46.14%, an increase of 7.12%; The operating rate of butyl acetate has increased from 40.55% in early October to 59%, an increase of 18.45%. These changes have had a positive impact on raw material consumption and provided positive support for the market.

Shandong’s major factories have not yet sold this weekend, and the market’s spot circulation has decreased, stimulating downstream buying sentiment. The new trading volume in the market today is still good, which in turn drives up market prices. Due to individual manufacturers undergoing maintenance in the southern region, there is a shortage of spot supply in the market, and spot prices in the eastern region are also tight. At present, n-butanol manufacturers are mainly queuing up for shipment, and the overall market spot is tight, with operators holding high prices and reluctant to sell.

In addition, the price difference between the n-butanol market and the related product octanol market is gradually widening. Starting from September, the price difference between octanol and n-butanol in the market has gradually increased, and as of the time of publication, the price difference between the two has reached 4000 yuan/ton. Since November, the market price of octanol has gradually increased from 10900 yuan/ton to 12000 yuan/ton, with a market increase of 9.07%. The rise in octanol prices has a positive impact on the n-butanol market.

From the later trend, the short-term n-butanol market may experience a narrow upward trend. However, in the medium to long term, the market may experience a downward trend. The main influencing factors include: the price of another raw material, vinegar Ding, continues to rise, and factory profits may be on the brink of loss; A certain device in South China is expected to restart in early December, with an increase in market spot demand.

Overall, despite the decent performance of downstream demand and the tight spot situation in the n-butanol market, the market is prone to rise but difficult to fall in the short term. However, there is an expected increase in the supply of n-butanol in the later stage, coupled with the possibility of downstream demand declining. Therefore, it is expected that the n-butanol market will experience a narrow rise in the short term and a decline in the medium to long term. The price fluctuation range may be around 200-500 yuan/ton.