N-butanol market prices fluctuate at elevated levels

1. Today's Summary

① Domestic n-butanol prices in Shandong rose by 80 yuan/ton, while Henan increased by 50 yuan/ton. In South China, prices decreased by 25 yuan/ton.
② Current domestic operating rates are: n-butanol at 89%, butyl acrylate at 56%, butyl acetate at 53%, and DBP (Dibutyl Phthalate) at 38%.

2. Spot Market Overview

Table 1: Domestic N-Butanol Industry Chain Price Summary (Unit: Yuan/ton)

Based on the Shandong market as a benchmark, today's n-butanol closed in the range of 8,300–8,380 yuan/ton, aligning with morning expectations. The domestic n-butanol market experienced a slight upward trend. Although propylene feedstock prices retreated from high levels, costs remain elevated, providing strong support for n-butanol prices. Downstream buyers are primarily purchasing opportunistically at lower price points, resulting in inquiries and transactions concentrated at the lower end of the price spectrum.

3. Production Dynamics

The current capacity utilization rate for domestic n-butanol stands at 89%. With propylene prices declining, n-butanol producers are currently seeing profits of approximately 20 yuan/ton.

4. Price Forecast

Currently, propylene remains at high levels, maintaining strong cost support for n-butanol prices. However, downstream demand is driven mainly by essential needs, with buyers focusing on low-price opportunities. Market inquiry and transaction sentiment have weakened, with trading activity centering on the lower price range. Prices are expected to fluctuate and consolidate.

5. Related Products Status

2-Ethylhexanol Market: Low-end prices for domestic 2-ethylhexanol saw catch-up increases today. Propylene feedstock prices fell, alleviating cost pressures. Due to low spot inventory levels for 2-ethylhexanol and insufficient raw material stockpiles among some downstream users from earlier periods, there is short-term demand for spot purchases. Consequently, market transaction sentiment remains relatively decent.

6. Data Calendar

Table 2: Domestic N-Butanol Data Overview (Units: 10,000 tons, Yuan/ton)