The price center of n-butanol in the market has shifted downward.

1. Today's Summary

① Domestic n-Butanol prices in Shandong and Henan regions decreased by 100 yuan/ton today, while the East China region saw a reduction of 125 yuan/ton, and South China dropped by 150 yuan/ton.

② Current operating rates: n-Butanol at 87%, Butyl Acrylate at 62%, Butyl Acetate at 62%, and Dibutyl Phthalate (DBP) at 40%.

2. Spot Market Overview

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

Based on the Shandong market, n-Butanol closed at 8200 yuan/ton today, aligning with morning expectations. The domestic n-Butanol price center shifted downward as raw material propylene prices fell, leading to reduced production costs. Meanwhile, downstream buyers adopted a wait-and-see attitude with low purchasing interest. Production facilities maintained stable operating rates, resulting in ample supply. Manufacturers offered discounts to facilitate sales, causing transaction prices to trend toward the lower end.

3. Production Dynamics

Today's capacity utilization rate for domestic n-Butanol stood at 87%. With propylene prices declining, current profitability for n-Butanol is approximately 157 yuan/ton.

4. Price Forecast

Currently, market sentiment remains cautious with weak downstream demand. Supply is abundant, and factories are offering discounts to move inventory, keeping price centers at the lower end. Trading activity is moderate. The market price is expected to fluctuate with a bearish bias.

5. Related Products Status

Octanol Market: The domestic octanol market remained firm today due to reduced supply, pushing previous low-end quotes higher. Demand from downstream plasticizer users was stable, supporting decent trading conditions in the plasticizer market, with moderate replenishment buying. Octanol spot inventories remain at low levels, continuing to support high price centers in the short term.

6. Data Calendar

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