Recent two months, n-Butanol has been continuously rising, reaching the highest price level in nearly half a year. As of the close on February 2nd, the market price of Jiangsu n-Butanol was 6,800-6,850 yuan/ton, a 34% increase from the lowest point in mid-November. The recent market uptrend is closely related to the supply and demand of n-Butanol. First, looking at supply, main n-Butanol plants in Shandong, East China, and other regions have experienced fluctuations, with supply increases falling short of expectations. The earlier industry destocking supported the market to rise. Next, looking at demand, downstream DBP purchasing willingness is strong, and other downstream sectors are more accepting of the price increases than expected, with good transmission along the n-Butanol-n-ester industry chain supporting the market’s strength. As the holiday approaches, some downstream buyers have stocked up in advance, also boosting the market. As n-Butanol prices reach high levels, transmission resistance within the industry chain increases, causing the market to encounter resistance and fall back. Before the holiday, downstream buyers may still have replenishment intentions, and the market is expected to stabilize again after a moderate decline. (Zhuochuang Information)
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卓创资讯:n-Butanol strong supply and demand support, market hits new six-month high
Recent two months, n-Butanol has been continuously rising, reaching the highest price level in nearly half a year. As of the close on February 2nd, the market price of Jiangsu n-Butanol was 6,800-6,850 yuan/ton, a 34% increase from the lowest point in mid-November. The recent market uptrend is closely related to the supply and demand of n-Butanol. First, looking at supply, main n-Butanol plants in Shandong, East China, and other regions have experienced fluctuations, with supply increases falling short of expectations. The earlier industry destocking supported the market to rise. Next, looking at demand, downstream DBP purchasing willingness is strong, and other downstream sectors are more accepting of the price increases than expected, with good transmission along the n-Butanol-n-ester industry chain supporting the market’s strength. As the holiday approaches, some downstream buyers have stocked up in advance, also boosting the market. As n-Butanol prices reach high levels, transmission resistance within the industry chain increases, causing the market to encounter resistance and fall back. Before the holiday, downstream buyers may still have replenishment intentions, and the market is expected to stabilize again after a moderate decline. (Zhuochuang Information)