According to statistics, the domestic p-xylene ex factory price rose this week, with an average price of 5200 yuan / ton at the weekend, 10.64% higher than the price of 4700 yuan / ton at the beginning of the week, and 24.64% lower than the same period last year.

The price trend of domestic p-xylene market is rising, and the domestic PX operation rate is about 60%. The operation of Hongrun 600000 tons new unit is stable, Huizhou refining and chemical unit is stable, Fuhai Chuang unit starts one line, Pengzhou petrochemical unit is stable, Yangzi Petrochemical PX unit is normal, Jinling Petrochemical unit is stable, Qingdao Lidong unit is full load, Qilu petrochemical unit is stable The start-up of Urumqi petrochemical plant is about 50%, Hengli petrochemical plant is running normally, the supply of domestic p-xylene is normal, and the price trend of domestic p-xylene market is temporarily stable. This week, the operating rate of PX plant in Asia was about 70%, and the supply of PX in Asia was normal. The trend of PX external price was mainly volatile this week. By the end of the week, the closing prices of PX market in Asia were US $671-673 / T FOB South Korea and us $689-691 / T CFR China. This week, the trend of PX external price remained high. About 40% of domestic products needed to be imported, and PX external price closed The rising price has a positive impact on the domestic market, and the price trend of domestic PX market is rising.

The price of WTI crude oil futures market in the United States rose slightly this week. As of the 21st, the settlement price of the main contract of WTI crude oil futures market in the United States was at US $53.13/barrel, and the settlement price of the main contract of Brent crude oil futures market was at US $56.10/barrel. The oil price continued to rise, mainly because the market was still concerned about Saudi Arabia’s commitment to reduce production, the tense relations between the United States and Iraq, and the strong stock market The rising trend of crude oil price is a good support for domestic petrochemical products, and the domestic market price of p-xylene is higher.

This week, the price trend of PTA Market in the lower reaches fell slightly. By the end of the week, the PTA Market in East China had been negotiated for 3800-3900 yuan, and the recent PTA downstream orders were acceptable. PTA enterprises had good production enthusiasm, and there was no large-scale maintenance phenomenon. As of January 22, the starting load of domestic PTA production enterprises was 84%, which was at the normal level. At present, the periodic contradiction between supply and demand of PTA is not sharp, and crude oil still brings some support to the market. PTA price is expected to continue the strong oscillation situation, so the price trend of upstream PX is mainly rising.

In general, the demand of the textile industry has not improved significantly, the order performance is relatively normal, the terminal demand is general, and the upstream PX is mainly purchased on demand, and the price trend of PX market is rising.

Chen Ling, PX analyst of business news agency, believes that the recent trend of crude oil price remains at a high level. In addition, the downstream industry market is fair, and the domestic PX market supply is normal. It is expected that the PX market price will remain at a high level next week.

1、 Price trend

According to the data of business club’s block list, pure benzene showed a trend of first rising and then falling this week. On January 10, the price of pure benzene was 4170-4550 yuan / ton (average price was 4424 yuan / ton); on this Sunday (January 17), the price of pure benzene was 4230-4650 yuan / ton (average price was 4506 yuan / ton), up 82 yuan / ton or 1.85% from last week.

2、 Analysis and comment

At the beginning of this week, the price of pure benzene continued to rise, supported by the rise of crude oil. Later, with the decline of crude oil and the decline of external market, the domestic market mentality turned cautious, and the prices of individual factories decreased at the weekend. This week, Sinopec’s price of pure benzene was increased by 100 yuan / ton to 4650 yuan / ton, and the price in parts of North China was increased to 4500 yuan / ton. On Monday, the total inventory of pure benzene in East China port was about 2000 tons higher than last week.

In terms of external market, the external market continued to be weak this week. On Friday (January 15), South Korea imported 649.33 US dollars / ton of pure benzene, down 15.34 US dollars / ton or 2.31% compared with January 8; East China imported 636 US dollars / ton of pure benzene, down 6 US dollars / ton or 0.93% compared with January 8.

In terms of crude oil, international oil prices fell after rising this week, which was lower than last week. Compared with January 8, Brent fell by $0.775/barrel, or 1.42%; WTI rose by $0.16/barrel, or 0.31%. Compared with December 31, 2019, Brent decreased by 24.38% and WTI decreased by 19.98%.

Downstream: styrene: less arrival at the wharf, less storage than expected, and the overall market supply is tighter than that in the early stage. The overall downstream operation rate was stable, the three downstream benefits were acceptable, the demand for styrene was maintained, and the market transaction was improved. On Friday (January 15), the price of sample enterprises was 6700 yuan / ton, up 150 yuan / ton or 2.29% compared with last Friday, and down 7.37% compared with the same period last year.

Aniline: affected by the public health events in Hebei and the rain and snow weather in the north, the transportation is affected, and the demand in the lower reaches of the north is limited to a certain extent. However, the relative load of aniline enterprises is not high, the spot supply is reduced, the inventory is controllable, and the price is firm. On January 17, the price of aniline was 7800-7900 yuan / ton in Shandong and 8000-8100 yuan / ton in Nanjing.

3、 Future forecast

In terms of crude oil, boosted by favorable news such as Saudi Arabia’s voluntary additional production reduction and Biden’s announcement of a new round of U.S. economic stimulus plan, crude oil is strong and the pattern remains unchanged, and oil prices are expected to continue to rise.

Affected by the public health events in Hebei and the rain and snow weather in the north, the downstream terminals may stop ahead of time, and the pure benzene enterprises may reduce the price to promote the shipment. And the external market has continued to soften. The price of pure benzene is expected to be weak next week. Pay attention to the situation of downstream stock preparation and shutdown before the festival, and the trend of crude oil, external market and styrene.

1、 Price trend

This week, the comprehensive price of hydrochloric acid in North China was temporarily stable, at 182.50 yuan / ton. Overall, the hydrochloric acid market is stable this week, with the hydrochloric acid commodity index of 48.03 on January 15.

2、 Market analysis

From the manufacturer’s quotation, this week’s hydrochloric acid Market manufacturer’s quotation is temporarily stable, the overall market is general. Taiyuan kunshengda hydrochloric acid quotation is 60 yuan / ton, the quotation is temporarily stable; Dezhou Shihua hydrochloric acid quotation is 550 yuan / ton, the quotation is temporarily stable; Wenshui synthetic hydrochloric acid quotation is 240 yuan / ton, compared with the beginning of the week, the quotation is temporarily stable; Jinan Yuanfei hydrochloric acid quotation is 300 yuan / ton, compared with the beginning of the week, the quotation is temporarily stable; Dezhou Maihua hydrochloric acid quotation is 130 yuan / ton, compared with the beginning of the week, the quotation is temporarily stable.

From the perspective of the upstream and downstream industry chain of hydrochloric acid, the market of liquid chlorine in the upstream is general, which gives weak support to hydrochloric acid, while the market of silica in the downstream falls slightly, which has a negative impact on hydrochloric acid. The high market price of ammonium chloride had a positive impact on hydrochloric acid. Hydrochloric acid market as a whole looks stable this week, hydrochloric acid shipment is still a big problem.

3、 Future forecast

The recent market of liquid chlorine in the upstream is general, while the market of silica and ammonium chloride in the downstream has their own ups and downs. Business community analysts believe that hydrochloric acid in the recent small shocks, mainly down.

1、 Price trend

PS market was mixed, ranging from 50-350 yuan / ton. During the week, the supply of some spot goods was tight, the replenishment cost of some brands was increased, and the performance of raw material styrene was acceptable. The East China market was actively exploring and trading in low volume, and some of the pre-sale goods were available after next week. However, the ex factory price of Qimei PS was lowered, and the related brands also fell. Due to the rigid demand and certain demand for goods preparation, the orders of production enterprises increased, the speed of picking up goods accelerated, and the PS inventory continued to decrease.

2、 Market analysis

Zhanjiang Sino US PS ex factory price, 525 quoted 9700 yuan / ton. The factory price of CITIC Guoan PS is 525 yuan / ton. Due to the downstream rigid demand and certain demand for goods preparation, the orders of production enterprises increased, the speed of picking up goods accelerated, and the PS inventory continued to decrease.

3、 Future forecast

The short-term PS market may be stronger, supported by tight supply.

1、 Formic acid price trend

(Figure: p-value curve of formic acid product)

2、 Market analysis

Recently, the domestic industrial grade 85% formic acid market is stable. According to the data of the business club’s block list, as of January 12, the average quotation price of formic acid enterprises was 2650 yuan / ton, which was flat compared with last Tuesday (January 5), and increased by 18.66% compared with December 12.

Recently, the domestic industrial grade formic acid market has gradually stabilized after a substantial improvement in the previous period. There is no obvious fluctuation in the market as a whole. The prices of manufacturers and dealers generally maintain the high quotation in the early stage, and the market trading performance is stable. According to the data monitoring of the business association, the price of formic acid of some enterprises is summarized as follows: the quotation of industrial grade 85% formic acid of Zhangzhou San’an Chemical Co., Ltd. is 2600 yuan / ton, and that of Jintan local industrial supply and Marketing Co., Ltd. is 2800 yuan / ton. The spot price of merchants follows the market, and the actual transaction price is mainly through negotiation.

For upstream caustic soda, on January 12, the price of caustic soda in Shandong Province was temporarily stable. The mainstream ex factory price of 32% caustic soda was 400-530 yuan / ton, and the downstream purchase demand was general. There was a certain conflict with the current price of caustic soda, and it was expected that the follow-up or narrow range of caustic soda would be weak. For upstream liquid ammonia, according to the monitoring data of the business community, the average price quoted by enterprises was 3266.67 yuan / ton as of January 11, down 0.71% compared with the beginning of the month; According to the monitoring data of the business community, as of January 11, the average price quoted by the enterprises was 317.50 yuan / ton, down 26.59% compared with the beginning of the month. The domestic methanol market of the upstream methanol market has rebounded in a narrow range recently. According to the monitoring data of the business community, as of January 12, the average price of methanol producers in Shandong was 2327 yuan / ton, up 0.76% after the new year.

According to the price monitoring of the business community, on January 11, 2021, in the list of commodity prices, there were 18 kinds of commodities in the chemical industry sector that rose month on month, of which 2 kinds of commodities increased by more than 5%, accounting for 2.2% of the number of commodities monitored in the sector; the top 3 commodities were dichloromethane (6.06%), paraformaldehyde (5.00%) and lithium carbonate (2.13%). There were 18 kinds of commodities with a month on month decrease, and 3 kinds of commodities with a decrease of more than 5%, accounting for 3.3% of the number of commodities monitored in this sector; the top 3 products with a decrease were hydrochloric acid (- 34.82%), sulfuric acid (- 26.16%), and n-butanol (industrial grade) (- 7.92%).

3、 Future forecast

Business community formic acid analysts believe that in the near future, the price of raw materials is stable and weak, and the cost boost is limited. Downstream purchasing is mainly on demand. It is expected that the formic acid market will be stable in the short term, and more attention should be paid to market information guidance.

1、 Price trend

According to the data of business club’s block list, the price of pure benzene stopped falling and rose this week. On January 3, the price of pure benzene was 3970-4400 yuan / ton (average price 4224 yuan / ton); on this Sunday (January 10), the price of pure benzene was 4170-4550 yuan / ton (average price 4424 yuan / ton), up 200 yuan / ton or 4.73% from last week.

2、 Analysis and comment

Crude oil rose rapidly this week, and cost support strengthened; in addition, pure benzene in Asia rose widely; downstream styrene price rebounded, and pure benzene surged higher this week. This week, Sinopec’s price of pure benzene was increased by 150 yuan / ton to 4550 yuan / ton, and the price in parts of North China was increased to 4350 yuan / ton. On Monday, the total inventory of pure benzene in East China port was about 2000 tons higher than last week.

In terms of external market, driven by the demand for pure benzene in Europe and the United States, pure benzene in Asia rose broadly this week. On Friday (January 8), South Korea imported 664.67 US dollars / ton of pure benzene, up 39 US dollars / ton or 6.23% compared with December 31; East China imported 642 US dollars / ton of pure benzene, up 31.5 US dollars / ton or 5.16% compared with December 31.

In terms of crude oil, on January 5, OPEC + reached an agreement to adjust the daily crude oil production. In addition, Saudi Arabia said that it would reduce the daily crude oil production by an additional 1 million barrels in February and March, and the oil price rose rapidly boosted by the favorable situation. Compared with December 31, Brent rose by $4.805/barrel, or 9.52%; WTI rose by $3.63/barrel, or 7.46%. Compared with December 31, 2019, Brent decreased by 24.38% and WTI decreased by 19.98%.

Downstream: styrene: the price of styrene rose with the rise of crude oil. After entering January, the inventory of northern styrene enterprises decreased, the impact on East China arbitrage weakened, the price of production enterprises rose again, the cost support and some downstream replenishment transactions supported the market to open higher. On Friday (January 8), the price of sample enterprises was 6550 yuan / ton, up 483.33 yuan / ton or 7.97% compared with last Friday, and down 8.6% compared with the same period last year.

Aniline: the price of aniline is stable this week, and the operating rate is higher than last week. At present, Jinmao aniline plant is restarted and normally shipped, and aniline supply is expected to increase in the later stage. On January 8, the price of aniline was 7800-7900 yuan / ton in Shandong and 8000-8100 yuan / ton in Nanjing.

3、 Future forecast

In terms of crude oil, the international crude oil news is good, and there is still the possibility of rising next week. In the later stage, we will continue to pay attention to the global new epidemic situation and vaccine progress, OPEC +’s latest policy on production reduction, geopolitical risks in the Middle East and global economic recovery.

Crude oil and external support is good, downstream styrene still has room to rise in the short term, and pure benzene is expected to rise next week. Later still need to pay attention to pure benzene inventory changes, styrene trend.

1、 Price trend

This week, the EPS market turned better, with obvious cost support. Some of the EPS were good, and the circulation speed of market sources was accelerated. Some terminals replenished goods moderately, but overdrawn some future demand. As of January 7, Jiangsu Jianlong’s ordinary material was 8100 yuan / ton, which was stable compared with December 31, and its fuel was 8400 yuan / ton, which was stable compared with December 31.

2、 Market analysis

Ex factory: Zhongshan Taida EPS ex factory price is stable, material acceptance price is 8600 yuan / ton, fuel acceptance price is 8900 yuan / ton, firm offer negotiation. On the demand side, the plate demand in Northeast and Northwest China has basically ended, Shandong, North China and some parts of central China still have a small part of plate demand, and the overall packaging demand in East China, South China and southwest China has weakened. It is expected that the market demand will remain weak next week.

3、 Future forecast

The EPS market is expected to be slightly weaker next week.

Recently, the domestic BDO spot market has been operating steadily, and only a few enterprises have announced the price of Xinyue’s external brand. According to the sample data monitored by the business community, as of January 7, the average price of domestic BDO producers was 13125 yuan / ton, which was stable on a month on month basis and increased by 33.98% on a year-on-year basis.

Some enterprises announced new settlement price and listing price:

Enterprise, settlement in December (bulk delivered), listing in January (bulk delivered)

Xinjiang Meike Chemical Co., Ltd. $12650 / T East China, $12800 / T South China (bulk water delivery), $13300 / T East China, and $13500 / T South China (bulk water delivery)

Xinjiang Lanshan Tunhe Chemical Co., Ltd. $12650 / T East China, 12800 / T South China (bulk water to be delivered) 13300 / T East China, 13500 / T South China (bulk water to be delivered)

The domestic BDO market is stable. During the day, the prices of raw materials calcium carbide and methanol both went down, the profit margin increased, and the factories pursued profit maximization. At the same time, the inventory pressure was not big, so they were determined to support the market. Middlemen hold limited sources of goods, trading enthusiasm is not high, but yield profits prudently, continue to quote high. The whole downstream started generally. Although some factories have slightly increased their intention to prepare goods, they are resistant to high prices. It is difficult for the supply and demand sides to have obvious fluctuations in the market through negotiation.

In terms of facilities, affected by natural gas, Sichuan Tianhua and Chongqing Jianfeng have dropped to 70%; Kaixiang is expected to restart on January 7. Inventory pressure is not big, spot supply is limited.

At present, the support of the cost side is weakened, Kaixiang is about to restart, the supply and storage increment is expected, which is beneficial to the air and downstream mentality, and the procurement is cautious. BDO business analysts expect that in the short term, domestic BDO market is mainly in a stalemate.

On January 5, the U.S. WTI crude oil futures market prices rose sharply, with the settlement price of the main contract at $49.93/barrel, up $2.31 or 4.85%. Brent crude oil futures market prices rose sharply, the settlement price of the main contract was 53.60 US dollars / barrel, or 2.51 US dollars or 4.91%. International oil prices soared on Tuesday, with WTI and Brent crude oil up nearly 5%, mainly due to Saudi Arabia’s unexpected announcement that it will voluntarily reduce production in February and March, and other OPEC + member countries maintaining stable production.

On Monday, at the ministerial meeting of the organization of Petroleum Exporting Countries (OPEC +) and its allies (OPEC +), the meeting was temporarily suspended due to the lack of consensus. Affected by this, the oil price briefly recovered and closed down. At the supplementary meeting on Tuesday, there was good news. The results of the meeting are as follows: OPEC + will continue to maintain its current total production in February and March. As part of the agreement, Saudi Arabia will voluntarily reduce production by an additional 1 million B / D in these two months. Most OPEC oil producing countries will keep their production unchanged in response to the new round of blockade caused by the new epidemic, Russia and Kazakhstan In February and March, the yield was increased successfully, but it was mainly controllable. Affected by the news, the oil price responded quickly and rose sharply.

In addition, it is reported that Iran’s seizure of a South Korean ship has also made the situation even more tense. Iran said that due to US sanctions, its US $7 billion funds have been frozen in several South Korean banks. This behavior is estimated to be retaliatory measures. Market participants once again expressed concern about the safety of oil transportation roads in the Gulf sea. If the situation does not ease quickly, the transportation may continue to be blocked Continued positive oil prices.

U.S. commercial crude oil inventory data is also positive. Data released by the American Petroleum Institute (API) on Tuesday showed that U.S. crude oil inventory fell last week and refined oil inventory rose. Crude oil inventories fell by 1.7 million barrels in the week ended January 1, after analysts predicted a 1.3 million barrel drop. However, the inventory of refined oil products increased unexpectedly, and the gasoline inventory increased by 5.5 million barrels, which is estimated to increase by 596000 barrels, indicating that the fuel demand situation is still not optimistic, the prospect of economic recovery is still uncertain, and the oil price is still an important factor in the later stage.

According to the business news agency, the recent oil price long short environment is relatively complex, and the supply and demand side has basically maintained a balanced state. On the one hand, the OPEC + production reduction policy has effectively supported the oil price, but affected by the epidemic, the blockade measures of some European countries have also hindered the recovery of fuel demand. On the other hand, with the advance of vaccination and the recent geopolitical uncertainty in Iran, it is expected that the oil price will still rise further.

According to the monitoring data of the business community, on January 1, the average quoted price of domestic n-butanol was 5833 yuan / ton, and on June 30, the average quoted price of domestic n-butanol was 5950 yuan / ton. Compared with January 1, the average quoted price in the first half of the year was increased by 117 yuan / ton, or 2% in the first half of the year. On December 31, the average quoted price of domestic n-butanol was 9366 yuan / ton, which was 3416 yuan / ton higher than that on June 30, with an increase of 57.42%. From January 1 to December 31, the annual price of n-butanol increased by 3533 yuan / ton, or 60.57%.

According to the monthly fluctuation chart of n-butanol from January to December in 2020, it can be seen that n-butanol will only decline in February, March and July in 2020. The biggest decline was in March, with an overall decline of 20.12%, and the biggest increase was in November, with an overall rise of 38.23%. The lowest price of the whole year was on April 4, the average quotation price of domestic n-butanol market was 4300 yuan / ton, the highest price of the whole year was on December 22, the average quotation price of domestic n-butanol market was 10000 yuan / ton, the maximum amplitude of the whole year was 132.56%.

Domestic n-butanol market weak in the first half of the year

In the first half of 2020, the domestic n-butanol market is weak as a whole. From January to June, the overall trend of n-butanol is “W”, with similar prices at the beginning and end, and two low prices in the middle market.

In January, the domestic n-butanol market was driven by the increase of downstream purchasing demand before the Spring Festival, and the overall market trend was strong and stable. In February, after the Spring Festival, affected by the logistics and transportation conditions and the market environment, the n-butanol market demand weakened, the trading volume was weak, the factory started low, and the supply and demand were weak. N-butanol went down all the way, and the decline continued until March. The n-butanol market continued to move forward in a weak way. The mentality of the industry was depressed by the international crude oil. In addition, the downstream start-up load increased slowly, and the propylene raw material decreased According to the data monitoring, the reference average price of n-butanol in China fell to 4366 yuan / ton on March 31. Compared with the price on January 1, the market price of n-butanol in the first quarter of 2020 fell by 1467 yuan / ton, or 25.14%.

In April, on the first two days of the month, n-butanol continued to decline slightly. On April 4, the average quoted price of domestic n-butanol market dropped to 4300 yuan / ton, which was the lowest price in 2020 and the first low in the first half of the year. After the Qingming Festival, the transaction atmosphere of n-butanol market increased. The enthusiasm of downstream butyl users for purchasing low-cost goods in the market increased slightly. The sharp rise in the price of raw material propylene gave the industry strong confidence to raise the price. The n-butanol market rose all the way to the middle of April, and the domestic n-butanol rose to 5933 yuan / ton, up 35.88% in half a month. Then, with the impact of the decline of propylene market, the n-butanol market rose sharply and then fell rapidly again. As of April 30, the domestic n-butanol price fell below 5000 yuan / ton, with the average price reference at 4966 yuan / ton, meeting the second low in the first half of 2020.

After the labor day in May, the overall trend of domestic n-butanol market has warmed up. The market is all the way up, the downstream purchasing atmosphere is positive, the raw material support is strengthened, the supply pressure is small, the upstream and downstream transmission is smooth, and the industry is full of confidence. Throughout may, the n-butanol market quotation is all the way up. In June, at the beginning of the month, affected by the excessive inventory of n-butanol in some areas, some factories gave up profits to ship, and the offer price of n-butanol went down. Then, the rise of propylene gave support to the cost of n-butanol, and n-butanol stopped falling upward. The factory’s operation was low, the spot was tight, the market inquiry atmosphere was good, and the center of gravity of n-butanol kept moving up. As of June 30, according to the monitoring data of the business agency, the average ex factory price of domestic n-butanol was 5950 yuan / ton, which was 1600 yuan / ton higher than that on April 1, with an increase of 36.26% in the second quarter. Compared with January 1, the average price in the first half of the year increased by 117 yuan / ton, or 2% in the first half of the year.

In the second half of 2020, the market offer of n-butanol will exceed 10000 yuan / ton to meet the highest point of the whole year

In July and August of the second half of 2020, the overall market trend of n-butanol is general, basically maintaining the high price of the first half of the year, and continuing to rise is not realized. The market of n-butanol rose steadily in September and October. The highlight time of n-butanol market was two months at the end of the year. The market of n-butanol rose sharply in November and December.

In July, the overall market of n-butanol in China fell due to the delay of maintenance of some factories, the increase of supply in the short term and the low purchasing sentiment in the downstream. In August, the n-butanol market began to rise steadily under the support of rising raw materials and low inventory. In late August, affected by the weakening demand for tourism, the n-butanol market rose weakly and maintained stable operation. On August 31, the average ex factory price of domestic n-butanol was 5700 yuan / ton. In September, with the arrival of Jinjiu, the domestic n-butanol market rose steadily. The high level of raw materials supported the cost of n-butanol, the downstream replenishment was good, the market transaction atmosphere turned better, and the supply pressure was small. Driven by multiple positive factors, the transaction center of n-butanol kept moving up. In the last ten days, the mainstream quotation of n-butanol market continued to rise, boosted by the pre Festival stock and tight supply. On September 30, the average reference price of n-butanol was 6333 yuan / ton, up 11.11% per month and 5.56% in the third quarter.

After the National Day in October, the n-butanol market continued to rise in September, and the focus of transaction moved steadily to the high end again. At the end of the month, affected by the negative drop of downstream butyl acrylate products and the sharp drop of raw material propylene price, the order of n-butanol decreased, and the price declined slightly. The overall increase in October was still dominant. As of October 31, the average reference price of n-butanol was 6583 yuan / ton, with a monthly increase of 3.95%.

Butanol rose 38.23% in November

In early November, the domestic n-butanol market was stable. 9. Since the 10th, downstream butyl users have entered the market to replenish n-butanol. The spot supply of n-butanol is tight. The quotation of n-butanol factory has started to rise, and the market of n-butanol has entered a broad upward channel. As of the 30th, the average ex factory price of domestic n-butanol has increased by 2517 yuan / ton, with a monthly increase of 38.23%, compared with that on November 1.

In December, the price of n-butanol reached the highest in the year, exceeding 10000 yuan / ton

Since December 3 and 4, under the high price, the downstream demand has weakened, and the n-butanol market has fluctuated downward. Since late December, affected by the emergency overhaul and shutdown of foreign n-butanol production plants, the export of n-butanol has increased, the demand for n-butanol has increased, the market has continued to rise, the purchasing atmosphere is good, and the spot is tight. As of December 21, the average ex factory price of n-butanol has risen to 10016 yuan / ton, a new high in the year, and the high price continues for one week. Near the end of the month, it is affected by the weakening demand from downstream As of December 30, the reference average price of n-butanol in China was 9300 yuan / ton, with a monthly increase of 2.93%, a rise of 47.89% in the fourth quarter and an annual increase of 60.57%.

Future market forecast of n-butanol in China

With the advent of new year’s day and Spring Festival, n-butanol downstream replenishment has been started one after another. With the increase of demand, it is expected that the quotation of n-butanol plant will stop falling and stabilize in the short term, and the market center will maintain stable operation before the Spring Festival, with limited up and down adjustment.