According to monitoring data from Business Society, as of March 6, 2023, the reference price of n-butanol in Shandong Province, China was 8133 yuan/ton. Compared with March 1 (reference price of n-butanol was 8383 yuan/ton), the price decreased by 250 yuan/ton, a decrease of 2.98%. Compared to February 1st (reference price of n-butanol at 8816 yuan/ton), the price has been reduced by 200 yuan/ton, a decrease of 7.75%.
Entering March, the overall market for n-butanol in Shandong, China continued its downward trend from the end of February. Currently, the low-end price of n-butanol is still available for trading, but the overall atmosphere on the market is limited. The overall supply of some n-butanol in Shandong region is relatively loose, and some factories are under certain supply pressure. Therefore, currently, n-butanol factories are mainly actively offering discounts for shipments, and the overall transaction focus of n-butanol is constantly moving downwards. Some factories have quoted prices of n-butanol below 8000 yuan/ton. As of March 6th, the domestic market price of n-butanol in Shandong region is around 7900-8300 yuan/ton.
Future analysis
At present, the overall supply level of n-butanol in China has improved, with factories mainly maintaining low inventory shipments and downstream users mainly restocking on dips. The overall market transactions are hovering at the low end. According to the n-butanol data analyst from Business Society, in the short term, the domestic n-butanol market will mainly adjust and operate within a narrow range, and the specific trend still needs to pay more attention to changes in supply and demand news.
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