According to monitoring data from Business Society, as of November 27, 2023, the reference price of n-butanol in Shandong Province, China was 7766 yuan/ton. Compared with November 1 (reference price of n-butanol was 7466 yuan/ton), the price increased by 300 yuan/ton, an increase of 4.02%.

From the monitoring chart of Business Society data, it can be seen that from November to present, the overall market situation of n-butanol in the Shandong region of China has gradually been upward in fluctuations. In the early stages, the n-butanol market showed a “first decline and then rise” trend. In the first two days of the month, trading on the n-butanol exchange was light, and the market situation slightly declined. Starting from the 3rd, the n-butanol market experienced a recovery operation, with downstream stage stocking, concentrated demand for n-butanol in the market, active new orders on the exchange, and the focus of the n-butanol market continuously moving towards the high-end. As of November 10th, the market price of n-butanol in Shandong region was around 7633 yuan/ton, with a 3.12% increase in the first half of the year.

In the mid to late stage, the market for n-butanol in Shandong region experienced a mixed trend of ups and downs. Starting from the 11th, downstream demand for n-butanol returned to calm, while the market for n-butanol fell from a high level. Starting from the 15th, n-butanol continued to welcome positive demand, with a slight correction in market focus.

In the latter half of the year, the n-butanol market as a whole showed an “upward” trend, with some facilities in the n-butanol field temporarily shut down for maintenance, resulting in a decrease in overall supply from the supply side. The supply side supported the market mentality, and downstream demand and stocking were normal. The focus of the n-butanol market continued to rise. As of November 27th, the domestic market price of n-butanol in Shandong region is around 7700-7900 yuan/ton.

Market analysis of n-butanol

At present, the trading atmosphere within the n-butanol market is mild, and the supply and demand transmission is stable. The overall operating rate of n-butanol has slightly decreased compared to the previous period, and the supply side still provides some support to the market. The n-butanol data analyst of Business Society believes that in the short term, the domestic n-butanol market is mainly stable, with a moderate to strong operation. The specific trend still needs to pay more attention to the changes in supply and demand news.