According to monitoring data from Business Society, as of April 11, 2023, the reference price of n-butanol in Shandong Province, China was 7983 yuan/ton. Compared with April 7 (reference price of n-butanol was 7766 yuan/ton), the price increased by 467 yuan/ton, a decrease of 5.57%.

From the monitoring chart of Business Society data, it can be seen that in early April, the overall market for n-butanol in Shandong, China, showed a volatile and downward trend. After the return of the Qingming holiday, the n-butanol market has seen a recovery, and the overall focus of n-butanol in Shandong region has risen. As of April 11th, the domestic market price of n-butanol in Shandong region is around 7900-8000 yuan/ton.

Analysis of the driving factors for the rise of n-butanol market after the holiday

In terms of demand: Currently, the downstream demand for n-butanol is mainly for rigid procurement, with some users stocking up on a small scale. The overall inquiry atmosphere on site has improved, and the overall demand orientation is good, which also provides certain support for the n-butanol market.

In terms of supply: After the Qingming Festival, the overall production capacity utilization rate of n-butanol in the field has slightly decreased. Compared with the previous period, the overall supply pressure of the n-butanol market has been alleviated, and the supply side has provided effective support to the n-butanol market.

Future analysis

At present, the overall trading atmosphere of the domestic Shandong region’s n-butanol market is mild, and the mentality of the industry is good. The atmosphere of new order negotiations on the market has rebounded. The n-butanol data analyst of the Business Society believes that in the short term, the domestic n-butanol market will mainly operate steadily with a slight strong trend, and the specific trend still needs to pay more attention to changes in supply and demand news.