According to monitoring data from Business Society, as of June 26, 2023, the reference price of n-butanol in the Shandong region of China was 7316 yuan/ton. Compared with June 1 (reference price of n-butanol was 7166 yuan/ton), the price increased by 150 yuan/ton, an increase of 2.09%.

From the data monitoring chart of the Business Society, it can be seen that from June to present (6.1 to 6.26), the overall market for n-butanol in the Shandong region of China has shown a downward trend followed by an upward trend. In early June, the n-butanol market was operating in a weak state, with loose downstream demand for n-butanol and insufficient support from the demand side for n-butanol. The supply and demand transmission of n-butanol was hindered, and the supply-demand contradiction intensified. The n-butanol market continued to decline, with a 10 day decrease of around 500 to 600 yuan/ton. As of June 11th, the market price of n-butanol in the Shandong region of China was around 6500-6800 yuan/ton, a decrease of 7.67% compared to the beginning of the month.

In late June, the n-butanol market ushered in a stop falling and rising operation. Before the Dragon Boat Festival, the downstream of n-butanol ushered in a phased replenishment. The downstream demand improved, the supply and demand of n-butanol in the market were smooth, the n-butanol market started to warm up, and the overall focus of the market continued to move up. As of June 26, the price of n-butanol in the domestic Shandong region was around 7250-7350 yuan/ton, with a 10.58% increase in the late stage.

Aftermarket analysis of n-butanol

At present, after the Dragon Boat Festival, the rising trend of the n-butanol market has slowed down, the overall trading atmosphere in the market is general, and the downstream mainly digests raw materials. The n-butanol data engineer of the business community predicts that in the short term, the domestic n-butanol market in Shandong Province is mostly stable and consolidated, and the specific trend needs to pay more attention to the specific information changes on the supply and demand side.