According to monitoring data from Business Society, as of January 31, 2023, the reference price of n-butanol in Shandong Province, China was 8816 yuan/ton. Compared with January 1 (reference price of n-butanol was 8700 yuan/ton), the price increased by 116 yuan/ton, an increase of 1.34%.

From the monitoring chart of Business Society data, it can be seen that in January, the overall n-butanol market in Shandong Province, China, experienced a slight increase and end in a fluctuating upward and downward trend. In early January, the n-butanol market experienced mixed ups and downs. At the beginning of the month, the trading atmosphere in the n-butanol alcohol field was light, with limited transactions, and the n-butanol market was weakly declining. With the shutdown and maintenance of some devices in the n-butanol field, the supply of n-butanol was reduced, and downstream inquiries were active. With the support of supply and demand, the n-butanol market was facing an upward trend. In the middle of the month, some facilities resumed production, and the supply of n-butanol gradually relaxed, weakening market support, and the n-butanol market began to decline. As of January 15th, the domestic market price of n-butanol in Shandong region was around 8700-8800 yuan/ton, with an increase of 0.57% in the first half of the year.

In late January, the n-butanol market continued to fluctuate frequently, and the overall market showed a fluctuating upward trend. In the latter half of the year, some units shut down again, and the supply of n-butanol was slightly tight. Starting from the 19th, the overall market price of n-butanol saw a brief upward trend. As the end of the month approaches, many downstream users are entering the Spring Festival stocking cycle, and the overall market atmosphere is good, driving the focus of the n-butanol market up. As of January 31st, the market price of n-butanol in Shandong Province, China, was around 8800-8900 yuan/ton, with a 1.93% increase in the latter half of the year.

Future analysis

At present, the trading atmosphere in the n-butanol market is mild, and there are still some users stocking up on the downstream demand side of n-butanol. The overall inquiry atmosphere in the market is good. The n-butanol data analyst from Business Society believes that in the short term, the domestic n-butanol market in Shandong region will mostly operate steadily with a strong bias, and the specific trend still needs to pay more attention to changes in supply and demand news.