According to monitoring data from Business Society, as of November 3, 2023, the reference price of n-butanol in the Shandong region of China was 7500 yuan/ton. Compared with November 1 (reference price of n-butanol was 7466 yuan/ton), the price increased by 34 yuan/ton, an increase of 0.45%.

Looking back at October, the n-butanol market can be described as a “continuous decline”, with a decline of over 16% in October. In the first week of November, the decline in the n-butanol market has not stopped, and the focus of the n-butanol market in Shandong region continues to decline. On the 1st and 2nd, Shandong large factories successively lowered the price of n-butanol, with a reduction of 100-400 yuan/ton. On the 3rd, the market for n-butanol experienced a decline and then rebounded, with increased trading activity. The market price for n-butanol increased by a narrow range of about 50-100 yuan/ton. As of the 3rd, the domestic market price of n-butanol in Shandong region is around 7400-7600 yuan/ton.

In terms of demand: On the first few days of the month, the main impact of the trend of the n-butanol market falling first and then rising is the release of the demand side, and the downstream is experiencing phased replenishment. The improvement in demand drives the market to recover and operate.

In terms of supply: Currently, the overall supply level of n-butanol on site is relatively stable, and there is little change in the adjustment of on-site construction compared to the previous period.

Aftermarket analysis of n-butanol

At present, the overall trading atmosphere in the n-butanol market is mild, and the good downstream demand brings some confidence to the market. The phased stocking provides some positive support to the market. Therefore, the n-butanol data analyst at the Business Society believes that in the short term, the n-butanol market may steadily rebound and operate, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.