According to the Commodity Market Analysis System of Shengyi Society, as of November 15, 2024, the reference price of n-butanol in Shandong Province, China is 7500 yuan/ton. Compared with November 1 (reference price of n-butanol is 6900 yuan/ton), the price has increased by 600 yuan/ton, an increase of 8.70%.

From the Commodity Market Analysis System of Shengyi Society, it can be seen that in early November, the overall market situation of n-butanol in Shandong Province, China, showed an upward trend. The price of n-butanol has been rising from 6900 yuan/ton at the beginning of the month to around 7500 yuan/ton, with an increase of 8.7% in the first half of the month. On November 15th, the reference price for n-butanol market in Shandong region was around 7300-7700 yuan/ton.

Analysis of Factors Influencing the Rising Market Trend

In terms of demand: In the first half of the year, the overall demand performance of the downstream market for n-butanol was good, downstream users ushered in phased stocking, new transactions for n-butanol improved, and the overall market atmosphere was boosted. The demand side provided upward support for the n-butanol market.

In terms of supply: At the beginning of the month, the supply of n-butanol showed stable performance, with smooth transmission between supply and demand and little supply pressure. Subsequently, the n-butanol plant of a large factory in Shandong was shut down for maintenance, and the overall supply in the field became tight. The supply side supported the market trend and continued to adjust upwards.

Market price situation of n-butanol

Region/ Product/ November 15th

Shandong region/ N-butanol/ Around 7300-7700 yuan/ton

North China region/ N-butanol/ Around 7300-7700 yuan/ton

South China region/ N-butanol/ Around 8000-8100 yuan/ton

East China region/ N-butanol/ Around 7900-8000 yuan/ton

Market analysis in the future

At present, there is a temporary production stoppage and reduction phenomenon on the supply side, and the trading atmosphere in the n-butanol market has improved. The supply and demand transmission is still good. The n-butanol data analyst from Shengyi Society believes that in the short term, the n-butanol market in Shandong Province will mainly operate steadily with a moderate to strong trend, and specific changes in supply and demand information need to be closely monitored.