As of June 16, the reference price for n-butanol in Shandong, China, was reported at 9,000 CNY per ton, reflecting a decline of 2.17% from the 9,200 CNY per ton recorded on June 10. This marks a noticeable decrease in price levels, which had been elevated in the Shandong region. The market has recently been characterized by a downward adjustment in prices, with current figures ranging from 9,000 to 9,100 CNY per ton.

Analysis of Influencing Factors

• Supply Dynamics: By mid-June, several plants that had halted operations for maintenance have restarted production, thereby alleviating the previous tight supply conditions in the n-butanol market. As a result, the supply-side support for price levels has diminished compared to earlier in the month.

• Demand Trends: Currently, demand for n-butanol is predominantly driven by essential purchases, with some downstream sectors focusing on processing their stockpiles. Consequently, the demand-side support for the n-butanol market remains moderate.

  
  

Market Forecast

The trading atmosphere in the n-butanol market is currently subdued, and although the support from both supply and demand has weakened compared to earlier periods, overall stability is still present. It is expected that the n-butanol market will maintain a steady state with slight adjustments in the short term, and there is a low risk of significant price drops.

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