The market sentiment in East China was weak and prices oscillated. The stock supply is very sufficient. Some of the sellers have increased sales pressure, buyers are looking for goods negatively, and the transaction atmosphere is rather sluggish. Traders are not able to ship smoothly, and offer prices continue to fall. The current mainstream price is between RMB 9700 and RMB 10,000/ton.
South China market trading is relatively sluggish, prices sideways. The arrival of imported goods was sufficient, the buyers’ intention to accept the goods was negative, and there was no initiative to negotiate. The transaction volume was stagnant. The traders had a clear wait-and-see attitude, and the quotation was stable. The mainstream market price was 10,400 to 10,500 yuan/ton.
The supply in North China market was slightly insufficient, and the price was slightly raised. Affected by the partial reduction of local equipment parking and the corresponding reduction in market supply, the atmosphere of buyers' purchases has picked up, and the trading volume has increased slightly. Traders have a stable attitude and prices have been raised slightly. The mainstream offers are from RMB 9900 to RMB 10,000/t.
Butanol market narrow fluctuations
The butanol market fluctuated within a narrow range last week, with prices rising and falling. Although domestic equipment was under-employed and spot supply decreased, due to the shrinkage of downstream construction, the intention of receiving goods was relatively low, coupled with the pressure on the supply of the coastal port market was unable to effectively ease, and traders shipped slowly, so the price rise was weak. Looking at the market outlook, due to the market's unsteady state of mind and the depressed trading climate, the butanol market will still run weakly.