Prompt

I. Key Focus Points

1. n-Butanol prices fluctuated at a high level.
2. Downstream users adopted a cautious procurement strategy, purchasing only based on rigid demand.
3. On November 3: The US-Iran geopolitical situation had not escalated prior to the US midterm elections, easing supply risk concerns and leading to a decline in international crude oil prices. NYMEX WTI futures (December contract) fell by USD 0.37/bbl to USD 96.09/bbl, down 0.38% period-on-period; ICE Brent futures (January contract) fell by USD 1.17/bbl to USD 103.60/bbl, down 1.12% period-on-period. Shanghai INE crude oil futures (contract 2612) dropped by CNY 50.3 to CNY 694.9/bbl, with night session trading falling further by CNY 16.1 to CNY 678.8/bbl.

II. Price Table

Notes:

1. Prices for n-butanol, butyl acrylate, butyl acetate, and DBP refer to National Standard Premium Grade products.
2. All four products are quoted in RMB, unit: CNY/ton.

III. Market Outlook

Yesterday, the domestic market price of n-butanol fluctuated at a high level, with increased wait-and-see sentiment among market participants. It is reported that the feedstock propylene prices continued to fall but remained at elevated levels, thus maintaining strong support from high costs. Downstream users maintained cautious operations driven by rigid demand, showing slight resistance to high prices. As a result, inquiries and transactions slowed down. It is expected that the domestic n-butanol market will trend weakly with fluctuations today.

IV. Data Calendar

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