According to the Commodity Market Analysis System of Shengyi Society, as of November 20, 2025, the reference price of n-butanol in Shandong Province, China is 5066 yuan/ton. Compared with November 16 (reference price of n-butanol is 5150 yuan/ton), the price has decreased by 67 yuan/ton, a decrease of 1.27%.
Insufficient support, Shandong n-butanol’s center of gravity continues to sink this week
From the commodity market analysis system of Shengyi Society, it can be seen that this week, the focus of the n-butanol market in Shandong Province, China, continues to shift downwards. During the week, some factories in Shandong continued to lower the shipment price of n-butanol by around 50-100 yuan/ton. The overall focus of n-butanol negotiations is moving towards a lower level. As of November 20th, the n-butanol market price in Shandong is expected to be around 5050-5100 yuan/ton.
Analysis of Market Factors
On the demand side: This week, the overall demand for n-butanol downstream has performed poorly, with a decrease in downstream production and a corresponding decline in the purchase of raw material n-butanol. Downstream buyers tend to buy at low prices, with a strong wait-and-see atmosphere and cautious overall operations. The demand side provides insufficient market support for n-butanol.
On the supply side: Currently, the overall supply of n-butanol is relatively loose, with the supply side maintaining active shipments, and the support provided by the supply side for n-butanol is also showing signs of loosening.
Market outlook
At present, the trading atmosphere in Shandong’s n-butanol market is relatively weak. Recently, the upward trend of propylene market on the raw material side has brought certain cost pressure to n-butanol. The n-butanol data analyst of Shengyi Society predicts that in the short term, the n-butanol market in Shandong will mainly operate in a narrow range, and specific changes in supply and demand information need to be closely monitored.