Shandong region witnessed a thin surge in N-Butanol market last week

As of August 18, the reference price for n-butanol in China's Shandong region stood at 7,966 RMB/ton. This represents a price surge of 66 RMB/ton (or 0.84%) compared to its price on August 13, which was 7,900 RMB/ton.

The n-butanol market in Shandong has seen a modest uptick. During the previous week, maintenance activities were carried out in several n-butanol units across various Chinese regions. This maintenance has reduced supply-side pressures, bolstering the sentiments of n-butanol producers. Consequently, the overall market price in Shandong rose marginally, marking an approximate increment of 100 RMB/ton. On the demand side, n-butanol continued to garner interest, reflecting positively in new order placements and inquiries. As it stands, the prevailing market rate for n-butanol in Shandong oscillates between 7,900 and 8,100 RMB/ton.

Up to August 18, inventories for n-butanol have remained scanty, which means producers aren't burdened with excessive shipping demands. The balance between supply and demand seems harmonious. Moving forward, the n-butanol market in the Shandong region is expected to remain stable, with a potential for slight strengthening. Nonetheless, stakeholders should keep an eye on the evolving supply-demand dynamics to gauge future price movements.

According to Procurement Resource, as of August 18, n-butanol's price in Shandong reflected a modest 0.84% increase, reaching 7,966 RMB/ton. This rise, attributed to recent maintenance activities across Chinese n-butanol units, led to reduced supply-side pressures, giving producers a boost in sentiment. Despite the tightened supply, demand remained robust, driving the market rate between 7,900 and 8,100 RMB/ton. With limited inventories in place, the market looks poised for stability and potential growth. Stakeholders should remain vigilant, monitoring supply-demand dynamics for informed decisions.