According to monitoring data from Business Society, as of January 16, 2023, the reference price of n-butanol in Shandong Province, China was 8650 yuan/ton. Compared with January 10 (reference price of n-butanol was 8966 yuan/ton), the price increased by 316 yuan/ton, a decrease of 3.53%.

From the monitoring chart of Business Society data, it can be seen that as we enter this week, the domestic n-butanol market in Shandong Province has shown a weak downward trend. This week, some regions in China have gradually resumed operation of n-butanol plants, and the overall supply of n-butanol plants has increased. The support provided by the supply side to the n-butanol market has weakened. Downstream demand for n-butanol is mostly manifested as rigid demand stocking, and the contradiction between n-butanol supply and demand has become apparent. Therefore, some factories are under pressure to reduce the shipment price of n-butanol, with a cumulative reduction of 200-400 yuan/ton in two days. As of January 16th, the domestic market price of n-butanol in Shandong region is around 8600-8700 yuan/ton.

Future analysis

At present, the trading atmosphere of n-butanol on the market is average, with new orders mainly being small orders in demand. The transmission of supply and demand on the market is relatively slow, and some factories are actively shipping to ensure low inventory. The n-butanol data analyst of Business Society predicts that in the short term, the domestic n-butanol market will mainly adjust in a narrow range, and the trend still needs to pay more attention to changes in supply and demand news.