According to the monitoring data of the Business News Agency, as of March 17, 2023, the reference price of n-butanol in Shandong Province was 7366 yuan/ton. Compared to March 12 (the reference price of n-butanol was 7166 yuan/ton), the price increased by 200 yuan/ton, or 2.79%.

As can be seen from the data monitoring chart of the Business Agency, this week (3.13-3.17), the domestic butanol market in Shandong Province as a whole showed an upward trend. This week’s rise in the n-butanol market was mostly due to the phased fluctuations in the demand side. Downstream demand for n-butanol was positive, with a good trading atmosphere on the floor and improved new orders. Supported by demand, the overall domestic n-butanol market rose steadily, with an increase of around 100-200 yuan/ton during the week. The overall change in the construction of n-butanol supply side this week was not significant, and the supply side provided general market support. As of March 17, the market price of n-butanol in Shandong Province in China is around 7200-7400 yuan/ton.

Aftermarket analysis of n-butanol

At present, the n-butanol field operators have a good mentality, and the overall improvement of n-butanol shipments provides support for market confidence. The n-butanol statistician of the Business Agency believes that in the short term, the domestic n-butanol market in Shandong Province is expected to be strong and mainly subject to adjustment and operation, and the specific trend needs to pay more attention to specific news changes on the supply and demand side.