According to the Commodity Market Analysis System of Shengyi Society, as of September 13, 2024, the reference price of n-butanol in Shandong Province, China was 6666 yuan/ton. Compared with September 1 (reference price of n-butanol was 7116 yuan/ton), the price has decreased by 450 yuan/ton, a decrease of 6.32%.

From the commodity market analysis system of Shengyi Society, it can be seen that in early September, the center of gravity of the domestic n-butanol market in Shandong continued to move towards a low level. After the market price in Shandong fell below the 7000 yuan/ton mark, the trading atmosphere in the market remained weak, and the n-butanol market continued to decline. As of September 13th, the n-butanol market in Shandong was around 6600-6700 yuan/ton.

Analysis of Factors Influencing the Market Situation of n-Butanol

On the supply side: Since September, there have been both resumption of work and temporary parking in the n-butanol plant. The overall supply in the plant is still relatively loose, and the overall support provided by the supply side to the market is limited.

In terms of demand: In early September, the overall performance of the “Golden Nine” effect in the n-butanol market was average. Downstream demand was cautious in stocking up before the holiday, and due to the continuous decline in the market, the overall wait-and-see atmosphere in the market was strong. The conversion of demand was slow, and the overall support for n-butanol was weak.

Market price situation of n-butanol

Region/ Product/ September 13th

Shandong region/ N-butanol/ Around 6600-6700 yuan/ton

North China region/ N-butanol/ Around 6600-6700 yuan/ton

South China region/ N-butanol/ Around 7000-7100 yuan/ton

East China region/ N-butanol/ Around 6900-7000 yuan/ton

Market analysis in the future

At present, the trading atmosphere of n-butanol in the market is average, and the negotiation atmosphere in the market is slightly weak. The n-butanol data analyst from Shengyi Society believes that in the short term, the n-butanol market in Shandong Province is mainly weak and stable, and the specific trend still needs to pay more attention to changes in supply and demand news.