According to the monitoring data of the Business News Agency, as of March 22, 2023, the reference price of n-butanol in Shandong Province was 7633 yuan/ton. Compared to March 1 (the reference price of n-butanol was 7033 yuan/ton), the price increased by 600 yuan/ton, or 2.79%.

As can be seen from the data monitoring chart of the Business Agency, since March (3.1-3.24), the domestic butanol market in Shandong Province has seen an overall upward movement. At the beginning of this month, the downstream market of n-butanol ushered in a centralized replenishment, with a boost in the demand side boosting the steady upward trend of the n-butanol market. After the staged inventory of the downstream, the n-butanol market recovered to calm, and the market experienced a slight decline. As of March 10, the domestic market price of n-butanol in Shandong Province was based on 7166 yuan/ton, with a 1.90% increase in the previous ten days. In the middle and late March, as the weather continues to warm, the downstream demand for n-butanol continues to gradually release. The supply side of n-butanol is tightening, and the pressure on the supply side is relatively small. Supported by both supply and demand, the downstream demand of the n-butanol market gradually releases, and the overall improvement of the downstream demand side supports the upward trend of the n-butanol market. As of March 24, the domestic market price of n-butanol in Shandong Province is referred to around 7600-7700 yuan/ton.

Aftermarket analysis of n-butanol

Currently, the n-butanol on-site trading atmosphere is good. With the temperature rising, the downstream construction of the terminal has been boosted, and the operators have a good mentality. The n-butanol data analyst from the business agency believes that in the short term, the domestic n-butanol market in Shandong Province is expected to be strong, and the operation is mainly adjusted. The specific trend needs to pay more attention to the specific news changes on the supply and demand side.