According to monitoring data from Business Society, as of February 29, 2023, the reference price of n-butanol in Shandong Province, China was 8616 yuan/ton. Compared with February 1 (reference price of n-butanol was 8816 yuan/ton), the price decreased by 200 yuan/ton, a decrease of 3.40%.

From the monitoring chart of Business Society data, it can be seen that in February, the overall n-butanol market in Shandong, China showed a weak downward trend. The center of gravity of the n-butanol market has been continuously approaching a low level since the beginning of the month, with a price reduction of 200-300 yuan/ton for n-butanol. As of February 29th, the reference price for the domestic n-butanol market in Shandong region is around 8600-8700 yuan/ton.

Factors influencing the market trend of n-butanol

In terms of demand: In early February, on the eve of the Spring Festival, the downstream stocking of n-butanol market has basically ended, with light market trading and calm demand. Returning from the Spring Festival holiday, the downstream production of n-butanol is relatively low, and the overall demand recovery is slow. New orders after the holiday are cautious and in high demand. Therefore, during February, the demand side provided loose support for n-butanol.

In terms of supply: Before the holiday, the shipment of n-butanol was average, but during the Spring Festival, there was a certain accumulation of inventory in the market. Now, after the holiday, construction is underway, and the overall supply of n-butanol in the factory is loose. In addition, some areas are affected by weather after the holiday, and logistics transportation is limited, resulting in slow circulation of n-butanol. In February, the overall supply side failed to provide effective support to the n-butanol market.

Future analysis

At present, the trading atmosphere in the n-butanol market is average, with n-butanol factories actively shipping and downstream buying on dips as the main focus. According to the n-butanol data analyst from Business Society, in the short term, the domestic n-butanol market in Shandong region is mainly stable with small fluctuations, and the specific trend still needs to pay more attention to changes in supply and demand news.