According to monitoring data from Business Society, as of March 13, 2023, the reference price of n-butanol in Shandong Province, China was 8033 yuan/ton. Compared with March 10 (reference price of n-butanol was 7933 yuan/ton), the price increased by 100 yuan/ton, an increase of 1.26%. Compared to March 1st (reference price of n-butanol is 8383 yuan/ton), the price has been reduced by 350 yuan/ton, a decrease of 4.17%.

From the monitoring chart of Business Society data, it can be seen that in early March, the domestic n-butanol market in Shandong continued to decline weakly. After entering this week, the n-butanol market finally broke the downward trend and saw a slight recovery in the market. At the beginning of the week, downstream demand for n-butanol improved overall, and a slight boost in demand provided some support for the n-butanol market. During the mid week period, the n-butanol market was consolidating and operating. As of March 13th, the domestic market price of n-butanol in Shandong region is around 8000-8100 yuan/ton.

Future analysis

At present, the trading atmosphere in the n-butanol market is mild, and the overall supply side of n-butanol is still relatively loose. The overall support from the supply side has shown signs of improvement. After a slight boost in downstream demand, the current focus is mainly on rigid demand procurement. Business Society’s n-butanol data analyst believes that in the short term, the domestic n-butanol market will mainly adjust its operation narrowly, and the specific trend still needs to pay more attention to changes in supply and demand news.