March 10th News
On March 10th, Shandong Lihuayi's n-butanol reference price was quoted at 8,700 yuan per ton, representing an increase of 1,050 yuan per ton compared to the previous working day.
Chempricehub's Analysis of N-Butanol:
Bull-Bear Score: 1.5
Shandong Lihuayi's n-butanol price has risen by 1,050 yuan per ton to 8,700 yuan per ton, marking an increase of approximately 13.7%. This indicates tightening market supply or strong demand, which has significantly benefited spot prices. The magnitude of this increase far exceeds daily fluctuations and may be driven by rising raw material costs or a surge in demand from downstream industries. It is expected that spot prices will maintain an upward trend in the short term.