According to monitoring data from Business Society, as of May 6, 2023, the reference price of n-butanol in the Shandong region of China was 8233 yuan/ton. Compared with May 1 (reference price of n-butanol was 7166 yuan/ton), the price increased by 1067 yuan/ton, an increase of 14.88%.

From the data monitoring chart of the Business Society, it can be seen that after the May Day holiday, the domestic Shandong n-butanol market has experienced a broad upward trend. The main driving force behind the concentrated upward movement of the n-butanol market comes from the supply side. During the holiday season, some regions in China shut down n-butanol plants, and after the holiday, the supply of n-butanol on site is tightening. The tight spot circulation supports the upward movement of the market center of gravity. On the first working day after the holiday, domestic butanol factories in Shandong region have raised the price of butanol by 300 to 500 yuan/ton. The overall market situation of n-butanol continued to rise in the following two days. As of May 6, the market price of n-butanol in Shandong Province is around 8200-8500 yuan/ton.

Aftermarket analysis of n-butanol

At present, the trading atmosphere of n-butanol on the market is mild, and the supply side continues to provide some support to the market. The market is moving higher, and downstream new orders are trading cautiously. The n-butanol data analyst of the Business Society predicts that in the short term, the domestic n-butanol market in Shandong region will mostly remain stable and consolidate, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.