According to monitoring data from Business Society, as of December 11, 2023, the reference price of n-butanol in Shandong Province, China was 8533 yuan/ton. Compared with December 7 (reference price of n-butanol was 8700 yuan/ton), the price decreased by 167 yuan/ton, a decrease of 1.92%. Compared with December 1 (reference price of n-butanol was 7766 yuan/ton), the price increased by 767 yuan/ton, an increase of 9.87%.

From the monitoring chart of Business Society data, it can be seen that in early December, the domestic Shandong region’s n-butanol market showed a broad upward trend. At the beginning of the month, the overall performance of the n-butanol supply side was tight, and the downstream of n-butanol entered a phase of stocking. Supported by both supply and demand, the focus of the n-butanol market is constantly shifting towards the high-end market. On December 10th, the market price of n-butanol in Shandong region was around 8700 yuan/ton, with an increase of 12.02% in the first half of the year.

However, as downstream demand and stocking of n-butanol gradually ended, the overall trading on the market returned to calm. In addition, the supply side of n-butanol gradually recovered, and the overall supply of n-butanol increased. The wait-and-see sentiment on the market became stronger. In the early to mid stage, the n-butanol market began a weak decline. On December 11th, the overall price of n-butanol in the Shandong region adjusted downwards, with a decrease of 100-200 yuan/ton, The market price of n-butanol in Shandong region is around 8400-8700 yuan/ton, with a decrease of nearly 2% compared to the high point in the early stage.

Market analysis of n-butanol

At present, the trading atmosphere of n-butanol on the exchange is relatively light, and the enthusiasm for inquiries on the exchange is average. The overall support provided by the supply and demand side to the market has weakened compared to the previous period. The n-butanol data analyst of Business Society believes that in the short term, the domestic n-butanol market in Shandong will mostly be weak with narrow range fluctuations, and the specific trend still needs to pay more attention to changes in the supply and demand side news.