According to the Commodity Market Analysis System of Shengyi Society, as of October 28, 2025, the reference price of n-butanol in Shandong Province, China is 5233 yuan/ton. Compared with October 1 (reference price of n-butanol is 5850 yuan/ton), the price has decreased by 617 yuan/ton, a decrease of 10.54%.
The center of gravity of the n-butanol market continues to decline in October
From the commodity market analysis system of Shengyi Society, it can be seen that since October, the overall n-butanol market in Shandong Province has shown a continuous downward trend. During the National Day holiday, the n-butanol market was operating smoothly, with relatively calm fundamentals and little market volatility. Returning from the holiday, the n-butanol market in Shandong experienced a downturn and the focus of market negotiations continued to move towards lower levels. As of October 28th, the reference price for n-butanol market in Shandong region is around 5200-5300 yuan/ton. Compared with the beginning of the month, the price has decreased by 450-650 yuan/ton, with a decline of more than 10% during the month.
Analysis of Market Factors
In terms of supply and demand: Firstly, during the holiday period, basic logistics were suspended, and overall shipments of n-butanol were not smooth. After the holiday ended, the overall supply on site was abundant, and downstream digestion of raw materials was the main focus. Demand follow-up was slow, and factories actively offered discounts to ease supply pressure. Downstream stocking was mostly done at low prices, and overall demand was not significantly boosted. Market negotiations remained at the low-end.
Future forecast
At present, the trading atmosphere of n-butanol in the market is not good, and there is a strong wait-and-see sentiment in the market. The mentality of the industry is average. The n-butanol data analyst of Shengyi Society predicts that in the short term, the n-butanol market in Shandong, China will mainly adjust and operate at a low level, and more attention needs to be paid to the changes in supply and demand news.