According to the Commodity Market Analysis System of Shengyi Society, as of November 21, 2024, the reference price of n-butanol in Shandong Province, China was 7300 yuan/ton. Compared with November 15 (reference price of n-butanol was 7550 yuan/ton), the price has decreased by 250 yuan/ton, a decrease of 3.31%.

From the commodity market analysis system of Shengyi Society, it can be seen that the overall n-butanol market in Shandong Province has started a slight decline since the beginning of this week (11.15-11.21). The focus of negotiations in the n-butanol market has shifted downwards, and the overall market price has been lowered by 100-200 yuan/ton. As of November 21st, the n-butanol market price in Shandong region is around 7300-7500 yuan/ton.

Analysis of Factors Causing Weakness in the Market

Supply side: Some n-butanol plants in Shandong have completed maintenance and resumed production and operation. The overall supply of n-butanol in the plant has increased, and the support provided by the supply side for n-butanol has been reduced.

On the demand side: With the increase in supply, the wait-and-see sentiment in the n-butanol market is becoming stronger, and downstream procurement and stocking are gradually becoming cautious, holding a cautious attitude towards the future trend. The transmission between supply and demand has weakened, and the support provided by the demand side to the n-butanol market has also loosened.

In terms of raw materials: This week, the overall market situation of propylene, the upstream raw material product of n-butanol, showed a weak downward trend. Therefore, the support of n-butanol from raw materials and cost has also weakened.

Market price situation of n-butanol

Region/ Product/ November 21st

Shandong region/ N-butanol/ Around 7300-7400 yuan/ton

North China region/ N-butanol/ Around 7300-7400 yuan/ton

South China region/ N-butanol/ Around 7700-7800 yuan/ton

East China region/ N-butanol/ Around 7500-7700 yuan/ton

Market analysis in the future

At present, the trading atmosphere in the n-butanol market is relatively light, with a wait-and-see attitude dominating the market. Demand is mainly for small orders that are just needed. The n-butanol data analyst from Shengyi Society believes that in the short term, the domestic n-butanol market will mainly adjust and operate within a narrow range, and specific changes in supply and demand news need to be closely monitored.