According to monitoring data from Business Society, as of December 6, 2023, the reference price of n-butanol in Shandong Province, China was 8366 yuan/ton. Compared with December 1 (reference price of n-butanol was 7766 yuan/ton), the price increased by 600 yuan/ton, an increase of 7.73%.

From the monitoring chart of Business Society data, it can be seen that as December approaches, the overall market situation of n-butanol in Shandong, China has experienced an upward trend. On the third day of the month, the n-butanol market remained stable and consolidated, with stable downstream demand and a calm supply and demand side for n-butanol. Starting from the 4th, the market experienced a continuous upward trend, with the focus of the n-butanol market continuously moving upwards, with an increase of over 7% within three days. As of December 6th, the domestic market price of n-butanol in Shandong region is around 8200-8600 yuan/ton.

Analysis of the main factors supporting the upward trend of n-butanol market:

In terms of demand: Currently, the downstream market of n-butanol is experiencing phased stocking, and the downstream demand side of n-butanol has been released. The improvement of the demand side supports the upward movement of the n-butanol market.

Supply side: Currently, the supply side of n-butanol is performing calmly, with overall stability as the main focus. The supply side provides normal support to the n-butanol market.

Basic aspects: Currently, the overall mentality of the upstream and downstream markets for n-butanol is improving, and the fundamentals provide certain support to the market.

Market analysis of n-butanol

At present, the trading atmosphere in the n-butanol market is mild, and the inquiry atmosphere is relatively active. The transmission between the supply and demand of n-butanol is smooth, and the mentality of the industry is good. The n-butanol data analyst of Business Society believes that in the short term, the domestic n-butanol market is mainly stable, medium to strong, and the specific trend still needs to pay more attention to changes in supply and demand news.