According to the commodity market analysis system of Business Society, as of June 7, 2024, the reference price of n-butanol in Shandong Province, China was 9200 yuan/ton. Compared with May 31 (reference price of n-butanol was 8366 yuan/ton), the price increased by 834 yuan/ton, an increase of 9.96%; Compared with May 1st (reference price of n-butanol at 7833 yuan/ton), the price has increased by 1367 yuan/ton, an increase of 17.45%.

From the commodity market analysis system of Shengyishe, it can be seen that in May, the overall n-butanol market in Shandong, China showed a fluctuating upward trend. In the first ten days, the n-butanol market steadily rose and operated, with a 2.98% increase in the first ten days. In the latter half of the month, the n-butanol market fluctuated, but at the end of the month, the n-butanol market rapidly rose and then slightly declined, with an increase of 3.72% in the latter half of the month and an overall increase of 6.81% in May.

Entering June, the overall upward trend of the n-butanol market in Shandong region continued, and the focus of negotiations on n-butanol continued to approach high levels. Some factories closed without reporting, and the market’s upward trend spread. On the 7th, the opening price of n-butanol large factories increased by 600 yuan/ton, driving a broad increase in the market situation, with a daily increase of 6.58%.

Market price situation of n-butanol

Region/ Product/ June 7th

Shandong region/ N-butanol/ Around 9200 yuan/ton

North China region/ N-butanol/ Around 9200 yuan/ton

South China region/ N-butanol/ Around 9700-9800 yuan/ton

East China region/ N-butanol/ Around 9400-9500 yuan/ton

Analysis of market factors for n-butanol in May

In terms of demand: In May, the overall downstream demand for n-butanol performed well, with a mild market inquiry atmosphere and an overall increase in new orders. In June, the downstream demand continued to improve, with some downstream raw material inventories remaining low. The overall procurement atmosphere was active, and the demand side provided support for n-butanol.

In terms of supply: In May, the overall supply of n-butanol decreased, and some n-butanol plants were shut down for maintenance. The supply of n-butanol factories was tight, and inventory was low. In addition, some factories received export orders, which further added to the tight spot situation in the n-butanol market. In June, the tight supply situation of n-butanol remained, so the supply side also provided impetus support for the rise of the n-butanol market.

Future analysis

At present, n-butanol as a whole is operating at a high level, and the dual support of supply and demand is driving the market price of n-butanol to gradually approach a high level. The n-butanol data analyst of Business Society believes that in the short term, effective support for n-butanol on the market still exists, and the future market will continue to be mainly stable, medium, and strong. In the long run, the continuous increase in costs will bring significant cost pressure to downstream users. Downstream users may regulate their operating levels, and the long-term n-butanol market may experience a pullback. The specific trend still needs to pay more attention to changes in supply and demand news.