N-Butanol/NBA Price Push High Become Slow

Product name: N-Butanol/NBA

1. The price of n-butanol increased further on the previous business day. Factory quotes increased. While downstream demand remains strong, some consumers are less receptive to price increases, leading to a slight cooling of high-price negotiations in the afternoon.

2. Key Factors Influencing Next-Period Market Price Changes

Supply: Shandong's n-butanol plant operating rates are generally low, with some manufacturers limiting sales. n-butanol operating rates are expected to decline slightly month-over-month.

Demand: Butyl acrylate operating rates are expected to decline, while butyl acetate and DBP operating rates may remain flat. Total n-butanol demand is expected to remain at a medium-to-high level. Downstream consumer receptivity to high n-butanol prices has weakened, with new orders decreasing in the afternoon.

Personality: As the market reached its highs, some holders became more willing to sell at high prices, leading to a slight increase in downstream caution and a weakening of bullish market expectations.

3. Trend Forecast

The combination of low supply in the north and cargo consolidation at ports has led to continued periodic downstream purchases, coupled with some short-selling activity, leading to a broad rise in n-butanol prices since last weekend. As downstream acceptance of high-priced butanol weakens, transactions have slightly weakened. It is expected that the upward trend of n-butanol may encounter great resistance today, and a local decline in high prices cannot be ruled out.

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