According to monitoring data from Business Society, as of August 30, 2023, the reference price of n-butanol in the Shandong region of China was 9666 yuan/ton. Compared with August 1 (reference price of n-butanol was 7916 yuan/ton), the price increased by 1750 yuan/ton, an increase of 22.11%.

From the monitoring chart of Business Society data, it can be seen that since August (8.1-8.30), the domestic Shandong n-butanol market has shown an overall upward trend. In early August, the n-butanol market in Shandong Province showed a trend of first rising and then falling, with an overall market increase of 0.21%. At the beginning of the month, some domestic n-butanol plants were centrally shut down for maintenance, and the spot supply in the n-butanol field was reduced. The supply side was tight, supporting the upward trend of the n-butanol market. In addition, downstream demand for phased stocking also had a positive impact on the market. Therefore, with support from both supply and demand, the center of gravity of the n-butanol market steadily increased. On the 7th, the n-butanol market price was referenced at 8100 yuan/ton, an increase of 2.32% compared to the beginning of the month. Subsequently, the tight supply of n-butanol on the market gradually eased, and after the end of downstream stocking, the demand side also returned to calm. After weak supply and demand support, the n-butanol market quickly fell back to the beginning of the month.

In late August, some n-butanol units encountered parking again, and the on-site supply was once again reduced, reducing the pressure on the supply side. The n-butanol market once again saw a steady rise with the support of the supply side. Downstream demand was good, new orders for n-butanol were smoothly traded, and the trading atmosphere on the market was active. With the support of both sides, the n-butanol market saw a broad increase at the end of the month, with high-end market prices reaching nearly 10000 yuan. As of August 30th, the domestic market price of n-butanol in Shandong region is around 7900-8100 yuan/ton.

Aftermarket analysis of n-butanol

At present, the overall high level consolidation and operation of the n-butanol market, with a decent trading atmosphere on the market, is expected by the n-butanol data analyst of the Business Society. In the short term, the domestic n-butanol market in Shandong region will mainly adjust and operate with large stability and small fluctuations, and the specific trend still needs to pay more attention to specific news changes on the supply and demand side.