According to the Commodity Market Analysis System of Shengyi Society, as of November 26, 2024, the reference price of n-butanol in Shandong Province, China was 7400 yuan/ton. Compared with November 1 (reference price of n-butanol was 6900 yuan/ton), the price has increased by 500 yuan/ton, an increase of 7.25%.

In November, the overall market situation of n-butanol in Shandong region of China showed a fluctuating upward trend. In the first ten days, some units in the n-butanol plant were temporarily shut down for maintenance, resulting in a reduction in on-site supply. Coupled with downstream demand for phased stocking, the center of gravity of n-butanol gradually approached a high level under the dual support of supply and demand. On November 15th, the market price of n-butanol in Shandong region was around 7500-7700 yuan/ton, with a 9.42% increase in the first half of the year.

In the later stage, the supply side equipment in the n-butanol field resumed operation and some new production capacity was put into operation. The overall supply of n-butanol in the market increased, and the support provided by the loose supply side weakened. The center of gravity of the n-butanol market began to shift downwards, and the overall price was lowered by 100-200 yuan/ton. On November 21st, the n-butanol market price in Shandong region was around 7300 yuan/ton.

As the end of the month approached, the n-butanol on-site equipment encountered maintenance and parking, and the on-site supply tightened again. The daily supply of n-butanol decreased by about 1100 tons, and the tight supply side once again supported the upward trend of the market. Starting from the 22nd, the focus of the n-butanol market has been adjusted upwards again. As of November 26th, the reference price of n-butanol in the domestic Shandong region is around 7400 yuan/ton.

Market price situation of n-butanol

Region/ Product/ November 26th

Shandong region/ N-butanol/ Around 7400-7500 yuan/ton

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

South China region/ N-butanol/ Around 7650-7750 yuan/ton

East China region/ N-butanol/ Around 7550-7650 yuan/ton

Market analysis in the future

At present, although there are still production cuts and equipment under maintenance in the n-butanol field, the downstream demand for n-butanol is showing signs of weakening, with demand mainly continuing to be driven by essential purchases. In addition, after the completion of subsequent decoration and maintenance, the tight supply of n-butanol is expected to ease, and the transmission between supply and demand is expected to be weak. Therefore, the n-butanol data analyst from Shengyi Society believes that in the short term, the domestic n-butanol market will continue to have moderate upward momentum, with narrow range adjustments in the market. Specific changes in supply and demand news need to be closely monitored.