According to the Commodity Market Analysis System of Shengyi Society, as of September 29, 2024, the reference price of n-butanol in Shandong Province, China was 6800 yuan/ton. Compared with September 1 (reference price of n-butanol was 7116 yuan/ton), the price has decreased by 316 yuan/ton, a decrease of 4.45%.

From the Commodity Market Analysis System of Shengyi Society, it can be seen that in September, the overall market situation of n-butanol in Shandong Province, China, showed a fluctuating downward trend. In early September, the n-butanol market continued to decline, and the market center continued to move towards lower levels. As of September 15th, the n-butanol market price in Shandong region was based on 6666 yuan/ton, with a drop of 6.32% in the first half of the year.

In late September, after the Mid Autumn Festival, the n-butanol market ushered in a short recovery. In the post festival stage, some n-butanol units did not resume operation, and the overall operating rate in the site was reduced. The supply side provided temporary support to the market, and the market focus was moving up. However, the support provided by downstream demand to the market has generally improved. After the resumption of production, the n-butanol market has experienced a rapid decline. As of September 29th, the n-butanol market price reference is around 6700-6900 yuan/ton.

Market analysis in the future

At present, the trading atmosphere in the n-butanol market is mild, with some downstream companies stocking up before the holiday. The overall market demand has slightly improved, and shipments at low prices have also improved. The n-butanol data analyst from Shengyi Society believes that in the short term, the domestic n-butanol market will mainly operate with large stability and small movements, and the specific trend still needs to pay more attention to changes in supply and demand news.