I. price trend
According to the data monitoring of business agency, as of Friday (October 25), the average price of n-butanol in the mainstream area is 6350 yuan / ton (including tax). Compared with Friday, the price in the mainstream area is basically the same, and the overall operation of n-butanol is stable this week. At present, the mainstream price of n-butanol in China is around 6300-6800 yuan / ton.
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II. Market analysis
Product: this week, the n-butanol market is in stable operation as a whole. Due to the expectation of restart of some devices, the atmosphere of spot negotiation in the n-butanol market shows slight signs of fading. The mainstream factory shipments are stable. The downstream users are a little less confident in the later trend. The wait-and-see mood is heavy. The implementation of the contract is mainly long, and the core users are mostly just in need of procurement. The short-term sales pressure of n-butanol in Shandong market is relatively small. This week, the market volume is large, the plant load is reduced, the inventory and sales pressure are relieved in the short term, the focus of the factory shipment negotiation is stable as a whole, supporting the market to make firm offers. At present, this week, Wanhua Chemical Co., Ltd. delivered 6400 yuan / ton from Shandong, 6650 yuan / ton from East China and 6800 yuan / ton from South China.
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Industry chain: the overall price of propylene, the upstream product of n-butanol, has been stable this week, and the market price of propylene in Shandong has been stable. At present, the market turnover is about 7200-7550 yuan / ton, and the mainstream price is 7200 yuan / ton. At present, the market mentality of propylene has improved. Although the downstream products are still in a downward trend, the overall profit margin is acceptable, and the purchasing enthusiasm has increased. Macroscopically, the price of propylene is mainly stable and has strong desire to rebound. It is expected that the market price of propylene will start to recover in the near future.
III. future forecast
According to the analysis by the data analyst of the business agency, affected by the market sentiment of crude oil rising, the downstream purchasing situation has improved significantly, and it is expected that the overall price of propylene market will rise slightly in the near future.
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