According to the commodity market analysis system of Business Society, as of May 22, 2024, the reference price of n-butanol in Shandong Province, China was 8033 yuan/ton. Compared with May 17 (reference price of n-butanol was 8133 yuan/ton), the price decreased by 100 yuan/ton, a decrease of 1.23%.

From the commodity market analysis system of Shengyishe, it can be seen that this week (5.18-5.22), the overall market for n-butanol in Shandong, China, showed a downward trend. During the week, the trading atmosphere in the n-butanol market in Shandong region weakened, and downstream demand for n-butanol was average, resulting in a lack of overall selling compared to the previous period. The pace of shipments from the main factories of n-butanol has slowed down, and the overall market price has slightly adjusted downwards, with an adjustment of around 100 yuan/ton. As of May 22nd, the market price of n-butanol in Shandong region is based on around 8000-8100 yuan/ton.

Market price situation of n-butanol

Region/ Product/ May 22nd

Shandong region/ N-butanol/ 8000-8100

North China region/ N-butanol/ 8050-8100

South China region/ N-butanol/ 8300-8400

East China region/ N-butanol/ 8250-8350

Upstream: On May 22nd, the benchmark price of propylene for Shengyishe was 6882.60 yuan/ton, an increase of 1.21% compared to the beginning of this month (6800.60 yuan/ton).

Future analysis

This week, the overall production capacity utilization rate of n-butanol has not changed much, and the overall supply side of the market has remained stable. The downstream demand side is mostly rigid procurement, with average support from the demand side. The n-butanol data analyst from Business Society believes that in the short term, the domestic n-butanol market will mostly adjust narrowly, and the specific trend still needs to pay more attention to the changes in supply and demand news.