Morning Market Insight: n-Butanol

I. Key Points

1. n-Butanol prices fluctuated downward.
2. Downstream buyers maintained cautious purchasing based on rigid demand.
3. Oct 20: The market continued to assess the prospects for U.S.-Iran dialogue, with supply risk concerns easing slightly and international crude oil prices declining. NYMEX November crude futures closed at $101.79/bbl, down $1.87 (-1.80%); ICE December Brent futures closed at $108.79/bbl, down $0.76 (-0.69%). China INE December 2026 crude futures rose by 8.5 to 727.3 CNY/bbl during the day session but fell by 32.5 to 694.8 CNY/bbl in the night session.

II. Price List

Notes:

1. n-Butanol, Butyl Acrylate, Butyl Acetate, and DBP are all compliant with National Standard Grade A specifications.
2. Prices for these four products are quoted in RMB, unit: CNY/ton.

III. Market Outlook

Yesterday, the domestic n-butanol market price center continued to decline. Market sentiment shifted towards a wait-and-see approach as raw material propylene prices sustained their downtrend, weakening cost-side support. Downstream procurement intentions decreased, high-price offers disappeared from the market, and producers actively offered discounts to facilitate shipments. Consequently, the market price center moved toward lower levels with relatively thin trading activity. Today's domestic n-butanol market is expected to trend sideways with a weak bias.

IV. Data Calendar

1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates minor fluctuations, highlighting data dimensions with changes within 0–3%.