According to monitoring data from Business Society, as of January 9, 2023, the reference price of n-butanol in Shandong Province, China was 8833 yuan/ton. Compared with January 7 (reference price of n-butanol was 8716 yuan/ton), the price increased by 117 yuan/ton, an increase of 1.34%.

From the monitoring chart of Business Society data, it can be seen that as we enter this week (1.5-1.9), the domestic n-butanol market in Shandong region has experienced an upward trend. In some regions, the maintenance of n-butanol units has led to a partial reduction in the supply side of n-butanol. The supply side has provided support for the n-butanol market, and coupled with downstream demand for n-butanol stocking, the downstream overall stocking and replenishment enthusiasm is good. With supply and demand support, the n-butanol market has ushered in an upward trend, and factories have actively increased the shipment price of n-butanol, with an increase of 100-200 yuan/ton. As of January 9th, the domestic market price of n-butanol in Shandong region is around 8800-8900 yuan/ton. The domestic market price of n-butanol in East China is around 9100-9200 yuan/ton.

Future analysis

At present, the trading atmosphere in the domestic n-butanol market is mild, and the mentality of the industry is positive. The n-butanol data analyst from Business Society believes that in the short term, the domestic n-butanol market will mostly operate steadily with a strong bias, and the specific trend still needs to pay more attention to changes in supply and demand news.