According to the Commodity Market Analysis System of Shengyi Society, as of April 24, 2025, the reference price of n-butanol in Shandong Province, China is 6283 yuan/ton. Compared with April 1 (reference price of n-butanol is 6633 yuan/ton), the price has decreased by 350 yuan/ton, a decrease of 5.28%.
Since April, the overall n-butanol market in Shandong region of China has shown a trend of first rising and then falling. In early April, the n-butanol market saw an upward trend, with market prices continuously rising and the focus of negotiations shifting upwards. On April 7th, n-butanol rose to a monthly high, with a reference of 6783 yuan/ton. Subsequently, after a brief period of market consolidation, the n-butanol market suddenly began to decline, with market prices continuously adjusting downwards and the focus of transactions continuously decreasing. As of April 24th, the n-butanol market price in Shandong region was referenced at around 6250-6400 yuan/ton, with a price reduction of 100-300 yuan/ton for the month.
Analysis of Market Factors
On the supply side: At the beginning of the month, some equipment in the n-butanol plant was undergoing maintenance, resulting in overall shortage of n-butanol supply and low pressure on the supply side, which provided upward support for the market. Subsequently, the n-butanol plants resumed production one after another, and the supply pressure on the n-butanol plant increased. The support provided by the supply side to the market weakened. Most n-butanol factories in Shandong began to sell at a discount to maintain low inventory, and the n-butanol market price began to decline.
On the demand side: At the beginning of the month, there was small-scale stocking of n-butanol downstream, and demand transmission was still acceptable, providing certain support to the market on the demand side. From mid month to the end of the month, as the n-butanol market continued to decline, downstream users became increasingly cautious and cautious in stocking up. Demand side support loosened, and the contradiction between n-butanol supply and demand gradually emerged.
Market analysis in the future
At present, the trading atmosphere of n-butanol in the market is mild, and the effective supply of n-butanol in the market is still insufficient. The supply of goods in the market is relatively sufficient. Currently, the market has fallen to a low point, and downstream suppliers are restocking at low prices. The n-butanol data analyst of Shengyi Society believes that in the short term, the n-butanol market in Shandong Province will mainly adjust and operate in a narrow range, and specific changes in supply and demand news need to be closely monitored.
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