Morning Market Insights: n-Butanol

I. Key Focus Points

1. n-Butanol prices fluctuated downward.
2. Downstream users maintained cautious procurement based on rigid demand.
3. Oct 26: Mediators continued to promote US-Iran peace talks, slightly alleviating market concerns about supply risks, leading to a drop in international crude oil prices. NYMEX WTI Crude Oil December futures closed at $101.76/barrel, down $1.51 (-1.46%); ICE Brent Crude Oil December futures closed at $115.81/barrel, down $0.91 (-0.78%). INE Shanghai Crude Oil Futures (contract SC2612) rose by CNY 22.7 to CNY 739.7/barrel during the day session, but fell by CNY 6.4 to CNY 733.3/barrel in the night session.

II. Price Table

Notes:

1. n-Butanol, Butyl Acrylate, Butyl Acetate, and DBP are all priced based on National Standard Grade A products.
2. Prices for all four products are in RMB, unit: CNY/ton.

III. Market Outlook

Yesterday, the domestic market price center for n-butanol shifted upward. It is reported that the feedstock propylene prices surged significantly for consecutive days, rapidly increasing cost support and strengthening its impact on product prices. Downstream users' willingness to purchase based on rigid demand at lower levels increased, leading to higher trading volumes at low prices. The domestic n-butanol market is expected to trend slightly stronger with fluctuations today.

IV. Data Calendar

Legend:

1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding ±3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data dimensions with changes within ±0-3%.