According to the commodity market analysis system of Business Society, as of January 9, 2025, the reference price of n-butanol in the Shandong region of China was 5,766 yuan/ton. Compared with January 1 (reference price of n-butanol: 5,633 yuan/ton), the price increased by 133 yuan/ton, a rise of 2.37%. Compared with December 1 (reference price of n-butanol: 5,166 yuan/ton), the price increased by 600 yuan/ton, a rise of 11.61%.

Positive Market Sentiment: Shandong n-Butanol Market Shows Upward Trend This Week
Based on the Business Society commodity market analysis system, the n-butanol market in Shandong, China, exhibited a stable-to-rising trend this week (January 4–9). From January 4 to 7, the n-butanol market in Shandong operated at a high level with consolidation, and market trading activity was favorable. From January 8 to 9, driven by multiple positive factors, n-butanol producers and suppliers raised their selling prices by 100–200 yuan/ton, with reference prices ranging around 5,700–5,900 yuan/ton.

Analysis of Market Influencing Factors
Supply Side: This week, maintenance plans for domestic n-butanol production facilities were implemented, with some Shandong-based n-butanol plants operating at reduced capacity. The overall industry operating rate decreased compared to the previous week, leading to a contraction in spot market supply, which provided fundamental support for the price increase.

Demand Side: Currently, some downstream users of n-butanol, such as butyl acetate and butyl acrylate, have expectations for pre-holiday stocking ahead of the Spring Festival. Although downstream industries like coatings and adhesives are in their traditional off-season, rigid demand from leading enterprises remains stable. Therefore, demand-side transmission to the market remains relatively favorable.

Cost Side: The price of propylene, a raw material for n-butanol, rose this week. The increase in raw material costs provided cost support for n-butanol producers, strengthening their willingness to maintain prices, which became a significant driver for the price increase.

Market Outlook
In the short term, the tightening trend in the n-butanol market supply is expected to continue, while downstream pre-holiday stocking demand has not yet been fully released. Business Society’s n-butanol analyst predicts that n-butanol prices in Shandong may fluctuate at high levels next week, with the price range likely to remain around 5,750–5,900 yuan/ton. Further developments will depend on changes in supply-demand dynamics and cost factors.