Morning Market Update: n-Butanol

1. Key Focus Points

1. n-Butanol prices are trending downward with volatility.
2. Downstream users are purchasing cautiously based on rigid demand.
3. On November 9, the U.S. softened its stance on potential strikes against Iran, easing supply risk concerns and causing international oil prices to fall. NYMEX WTI crude oil futures (December contract) closed at $86.85/bbl, down $3.98/bbl (-4.38%); ICE Brent crude oil futures (January contract) closed at $92.57/bbl, down $5.75/bbl (-5.85%). China INE crude oil futures (SC January 2027 contract) fell by 1.1 yuan to 630.7 yuan/bbl; night session prices dropped by 25 yuan to 605.7 yuan/bbl.

2. Price Table

Notes:

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

3. Market Outlook

Yesterday, the domestic market price of n-butanol continued to decline, with increased wait-and-see sentiment. It is reported that the price of raw material propylene has fallen consecutively, leading to lower costs and weakening support for n-butanol prices. Downstream buyers showed low interest in taking delivery, operating with caution. Overall market transactions were sluggish, with trading centers skewed towards lower price levels. Plants actively offered discounts to stimulate shipments, but with limited effect. The domestic n-butanol market is expected to trend downwards with volatility today.

4. Data Calendar

1. ↓↑ indicates significant fluctuations, highlighting data dimensions where changes exceed 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data dimensions where changes are within 0-3%.