According to the Commodity Market Analysis System of Shengyi Society, as of February 10, 2025, the reference price of n-butanol in Shandong Province, China is 6316 yuan/ton. Compared with February 6 (reference price of n-butanol is 6533 yuan/ton), the price has decreased by 217 yuan/ton, a decrease of 3.32%. Compared with February 1 (reference price of n-butanol is 6663 yuan/ton), the price has decreased by 347 yuan, a decrease of 5.20%.
Negative pressure on Shandong n-butanol market continues to approach downward trend
From the commodity market analysis system of Shengyi Society, it can be seen that in early February, the domestic n-butanol market in Shandong Province fluctuated and fell. As we enter this week, the n-butanol market continues to decline, and the focus of on-site negotiations continues to move towards lower levels. Major companies have lowered their n-butanol shipment prices, and the price difference between high and low prices in the market has widened. The market low price has fallen to 6050 yuan/ton. As of February 10th, the reference price of n-butanol in Shandong is around 6050-6700 yuan/ton.
Analysis of Core Influencing Factors
Supply side: Currently, the overall supply of n-butanol in the Shandong region is sufficient, and some large factories in Shandong lowered their quotations on February 9th, driving down market prices.
On the demand side, downstream industries such as coatings and plasticizers are nearing the end of their pre Spring Festival restocking, leading to a decrease in purchasing enthusiasm and an increase in resistance to high priced sources, resulting in a decline in market transactions.
Future forecast
In the short term, before the Spring Festival, it is expected that the n-butanol market will continue to maintain a weak consolidation or range oscillation pattern, and the trading center may continue to narrow downward. In the long run, after the holiday, the market needs to focus on the progress of downstream resumption of work and production, the trend of raw material propylene prices, and the operation of facilities. If demand does not recover as expected, there will still be downward pressure on prices.
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