According to the Commodity Market Analysis System of Shengyi Society, as of November 3, 2025, the reference price of n-butanol in Shandong Province, China is 5216 yuan/ton. Compared with October 31 (reference price of n-butanol is 5233 yuan/ton), the price has decreased by 17 yuan/ton. Compared with October 1 (reference price of n-butanol is 5850 yuan/ton), the price has decreased by 634 yuan/ton, a decrease of 10.583%.

Poor market performance, Shandong n-butanol’s decline enters November
From the commodity market analysis system of Shengyi Society, it can be seen that in early November, the domestic n-butanol market in Shandong region still showed a downward trend. At the beginning of the month, major factories in Shandong continued to narrow down the ex factory price of n-butanol by 50 yuan/ton, with a low-end reference price of around 5150 yuan/ton for n-butanol. The fundamental performance in the market is weak. As of the 3rd, the reference price for n-butanol market in Shandong region is around 5150-5200 yuan/ton.
Analysis of Market Factors
On the demand side: cautious demand and insufficient support on the demand side
Currently, there is a strong bullish sentiment in the n-butanol market, and downstream stocking and procurement are cautious. The overall market inquiries are limited, and the trading atmosphere is relatively weak. The focus of market negotiations is around the low-end market.
Supply side: Abundant supply, market shipment as the main focus
At present, the overall supply performance of n-butanol market in Shandong region is relatively sufficient, and the supply side actively ships, mainly to maintain low inventory levels.
Cost wise: Low cost supports loose support
The low market price of propylene on the raw material cost side has loosened the cost support for n-butanol. According to data from Shengyi Society, on November 3rd, the reference price of propylene was 6058.25 yuan/ton, a decrease of 7.41% compared to October 1st (6543.25 yuan/ton).
Future forecast
At present, the inquiry atmosphere in the n-butanol market is average, and downstream demand is maintained to stock up on dips. The n-butanol data analyst from Shengyi Society predicts that in the short term, the domestic n-butanol market in Shandong will mainly adjust and operate in a narrow range, and specific changes in supply and demand news need to be closely monitored.