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n-butanol prices in the Chinese market recorded鈥俛 remarkable increase of *.*** in H* January **** due to the tight market supply, high production cost combined with needs to stock in the early year. Due to a force majeure at Guangxi Huayi New Material Company based in Qinzhou as well as maintenance shutdowns at other Chinese manufacturers earlier in the month, the supply tightened significantly, limiting鈥倀he availability n-butanol in spot.
As for鈥倀he cost, the feedstock propylene price climbed *.*** due to the strong upstream crude oil trend in light of rising geopolitics tensions. Elevated tensions followed the threat of US military action against Venezuela, and against the backdrop鈥俹f intensifying military activity in the Middle East. Crude oil prices鈥俰ncreased consecutively during the first two weeks of January ****, with the West Texas Intermediate (WTI) crude price reaching USD **.** per barrel on January *, ****,...
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