Morning Market Insight: n-Butanol

I. Key Highlights

1. n-Butanol prices fluctuated with a bullish bias.
2. Downstream users maintained cautious purchasing based on essential demand.
3. Oct 28: Market concerns over potential escalation of US-Iran tensions, coupled with continued Houthi attacks on Saudi energy facilities, drove international crude oil prices higher. NYMEX WTI December futures closed at $102.78/bbl, up $2.88/bbl (+2.88% WoW); ICE Brent December futures closed at $115.32/bbl, up $1.44/bbl (+1.26% WoW). China INE crude oil futures for the SC2612 contract fell by 9.2 yuan to 722.4 yuan/bbl during the day session, then rose by 15.1 yuan to 737.5 yuan/bbl in the night session.

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 items are quoted in RMB per metric ton (yuan/ton).

III. Market Outlook

Yesterday, the domestic market price of n-butanol fluctuated within a high range. It is reported that feedstock propylene prices surged significantly, strengthening cost support for n-butanol. Downstream buyers engaged in opportunistic purchases driven by essential demand. Market inquiries and transaction volumes remained moderate. The domestic n-butanol market is expected to consolidate within a high range today.

IV. Data Calendar

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