As of September 30, 2026, the reference price of n-butanol in Shandong Province, China was 8500 yuan/ton, an increase of 934 yuan or 12.33% from September 1 (reference price of n-butanol was 7566 yuan/ton).
1、 Price trend data
In early September, the “Golden Nine Effect” was evident, and the n-butanol market in Shandong experienced a broad rise, with a half month increase of over 17%. In mid month, the market was at a high level and entered a stable consolidation phase as a whole. In late September, as pre holiday stocking gradually ended, there were signs of a downward recovery in the n-butanol market, and the focus of n-butanol negotiations shifted downwards. Throughout September, the overall n-butanol market in Shandong, China, showed a fluctuating upward trend. Although the market experienced a slight decline at the end of the month, it still showed an overall increase of over 10% compared to the beginning of the month.
2、 Fundamental situation
In terms of cost: In September, the bottom support of n-butanol cost was relatively solid, and the overall market for propylene on the raw material side fluctuated and rose. The cost side provided stable support for n-butanol.
In terms of supply and demand: In September, the spot supply of n-butanol in Shandong was tight, and some factories had limited inventory supply. The overall supply pressure in the market was not high, ushering in a golden September. Downstream n-butanol pre holiday stocking was relatively smooth, and demand transmission improved. Although at the end of the month, facing high prices and the gradual end of phased stocking, overall demand weakened, but overall supply and demand transmission still showed good performance throughout the month.
3、 Future forecast
At present, the trading atmosphere of n-butanol in Shandong is relatively mild, with narrow fluctuations in the market. There is a certain wait-and-see sentiment in the market after the holiday. It is expected that in the short term, the price of n-butanol in Shandong will mainly adjust within a certain range. Specific attention needs to be paid to downstream industry operating conditions and changes in supply and demand factors.