SunSirs: After the Holiday, the N-butanol Market in Shandong Region Was Operating at the Low-end

Price trend

According to the Commodity Market Analysis System of SunSirs, as of January 3, 2025, the reference price of n-butanol in Shandong Province, China was 7,100 RMB/ton, a decrease of 16 RMB/ton or 0.23% compared to the reference price of 7,116 RMB/ton on December 31.

Analysis review

After the return from New Year's Day, the overall market situation of n-butanol in Shandong region of China was running at the low-end. Some factories have narrowly lowered the shipment price of n-butanol after the holiday, with a reduction of 50 RMB/ton. The overall focus of market negotiations has shifted downwards. As of January 3rd, the reference price for n-butanol market in Shandong Province, China was 7,050-7,150 RMB/ton.

On the supply side: as of January 3, the supply of n-butanol was relatively sufficient, and there was a certain supply pressure on the supply side. In order to maintain low inventory, factories actively shipped and negotiated price was stable with narrow price adjustments.

On the demand side: as of January 3, the downstream production level of n-butanol was moderate, and caution is exercised in raw material procurement, mainly focusing on essential procurement. The overall transmission between supply and demand is weak and stable.

Market outlook

As of January 3,, the trading atmosphere in the n-butanol market was light and mild, with average new orders and weak transmission between supply and demand. The n-butanol data analyst from SunSirs believes that in the short term, the domestic n-butanol market will mainly adjust its range operation, and more attention should be paid to changes in supply and demand news.

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