N-butanol started the rally

In early October, the n-butanol market as a whole showed an upward trend
.
According to the monitoring of the business agency, as of October 17, the reference price of n-butanol in Shandong in China was 7266 yuan (ton price, the same below), up 600 yuan from the beginning of October, an increase of 9%.

Among them, the factory quotation of n-butanol of Luxi Chemical refers to about 7100 yuan; The factory price of Shandong Lihuayi n-butanol refers to about
7200 yuan.

According to the analysis of the business agency, the upward trend of the n-butanol market is mainly affected
by the following three aspects.
First, the supply is tight
.
Before the National Day, the overall stock of n-butanol downstream was more active, and the manufacturer performed well
in destocking.
Therefore, the overall inventory of n-butanol market after the holiday is low, and the supply side is tightening, supporting the market price to the upside
.

The second is cost support
.
In early October, the domestic propylene market rose, giving n-butanol cost support, and the overall attitude of the industry was positive
.

Third, demand has improved
.
In the storage and maintenance plan of a n-butanol plant in Shandong, the continued low inventory in the field may drive the downstream to continue to concentrate on replenishment, so the overall demand side is expected
to improve.
At present, the trading atmosphere in the n-butanol market is good, and the downstream procurement mentality is good
.

For the future market, the business agency analysis believes that the recent decline in the raw material propylene market has given n-butanol cost support compared with the previous period
.
It is expected that in the short term, the market situation of n-butanol in Shandong will be mainly stable and small, and it is necessary to pay more attention to changes
in supply and demand.