According to the Commodity Market Analysis System of Shengyi Society, as of June 11, 2025, the reference price of n-butanol in Shandong Province, China is 6250 yuan/ton, which is basically the same as June 6. Compared with June 1 (reference price of n-butanol is 6400 yuan/ton), the price has decreased by 150 yuan/ton, a decrease of 2.34%.
This week, there was little fluctuation in the n-butanol market in Shandong Province, China, and the market consolidation movement was the main trend. During the week, the quotes for n-butanol from major factories in Shandong remained stable, with limited market adjustments. As of June 6th, the reference price for n-butanol in the domestic Shandong market is around 6200-6300 yuan/ton.
Analysis of Market Factors
On the supply side: Currently, the production of n-butanol in the factory is relatively stable, and many factories are operating at low inventory levels. Although some factory maintenance units were restarted at the beginning of the month, some units are still under maintenance. The supply of n-butanol is limited, and the overall supply pressure can be borne.
In terms of demand: Currently, downstream demand procurement for n-butanol is cautious, with downstream users mainly restocking at low prices, and overall market inquiries are low-end.
Market analysis in the future
At present, the trading atmosphere of n-butanol in the Shandong region is relatively light, and the price of n-butanol is stabilizing and consolidating. The n-butanol data analyst from Shengyi Society predicts that in the short term, the domestic n-butanol market will mainly adjust within a certain range, and specific changes in supply and demand information need to be closely monitored.

According to the Commodity Market Analysis System of Shengyi Society, the price of lithium carbonate has been fluctuating at a historical low price recently. As of June 10th, the benchmark price of domestic battery grade lithium carbonate was 60066 yuan/ton, a decrease of 23.77% from 78800 yuan/ton at the beginning of the year and a decrease of 44.15% from 107600 yuan/ton in the same period last year; The benchmark price for domestic industrial grade lithium carbonate trading companies is 58266 yuan/ton, a decrease of 38% from 94000 yuan/ton at the beginning of the year and a decrease of 43.43% from 103000 yuan/ton in the same period last year.
Supply side incremental stability
From the perspective of spodumene: There has been no reduction in production in overseas mines, and many mines have achieved cost optimization. Newly launched mines in China are still in the stage of increasing production, and it is expected that the production of spodumene will continue to grow.
From the perspective of mica: mica prices continue to decline, and domestic lithium mica production capacity is steadily released, coupled with the concentration of imported mineral sources arriving in Hong Kong. It is expected that the supply of mica will also continue to grow.
From the perspective of salt lakes, domestic salt lakes maintain seasonal high production, while overseas projects experience a ramp up in production and a steady increase in import volume.
There has been an increase in demand for exports
The bilateral easing of tariffs between China and the United States has led to a rebound in market sentiment, with exporters voluntarily reducing their inventory. Overall, the performance has been better than expected, providing support for lithium carbonate prices. The energy storage market is improving, and according to the prediction of the Zhongguancun Energy Storage Industry Technology Alliance (CNESA), the cumulative installed capacity of new energy storage in China will grow rapidly from 2024 to 2030. In an ideal scenario, the cumulative installed capacity will reach 313.9GW by 2030, with an average annual compound growth rate of 37.1%; In a conservative scenario, the cumulative installed capacity by 2030 will be 221.2 GW, with an average annual compound growth rate of 30.4%.
The data analyst of Business Society’s lithium carbonate believes that although there is some support on the demand side of lithium carbonate, there is an increase on the supply side, and the overall surplus situation has not changed. It is expected that the short-term price will continue to fluctuate, and specific market changes still need to be monitored.

According to the monitoring of the commodity market analysis system of Shengyi Society, the average price of LLDPE (7042) was 7368 yuan/ton on June 2 and 7346 yuan/ton on June 6, a decrease of 0.29% during this period. LDPE (2426H) had an average price of 9166 yuan/ton on June 2nd and 9216 yuan/ton on June 6th, with a rise of 0.55% during this period. HDPE (2426H) had an average price of 8095 yuan/ton on June 2nd and 8062 yuan/ton on June 6th, with a decrease of 0.40% during this period.
Recently, the polyethylene market has been fluctuating. The trend of high-voltage products is relatively strong, with a slight increase in quotations, mainly due to the impact of the equipment entering a major overhaul in June, and the market supply may decrease. The international oil price trend is relatively strong, which to some extent supports the polyethylene market. However, the demand for agricultural film is in the off-season, and the overall operating rate remains low. The market demand is weak, and downstream product enterprises mainly purchase for essential needs. The willingness to replenish inventory is poor, and the flow of goods is not smooth, resulting in weak quotes from traders.
The market has equipment for parking and maintenance, coupled with the addition of new production capacity, the supply pressure is still ongoing; The demand is in the traditional off-season, and it is expected that the trend of polyethylene will not improve, mainly due to weak operation.

According to the Commodity Market Analysis System of Shengyi Society, the TDI market in East China has fluctuated and fallen this week. As of June 6th, the average market price in East China was 12133 yuan/ton, and on June 2nd, the average price was 12266 yuan/ton. It fell 1.09% within the week and 18.57% year-on-year.
This week, the focus of the TDI market has slightly shifted downwards. During the week, the equipment of major factories remained at its original level, and the supply side remained stable. The supplier has a strong willingness to raise prices, and intermediaries have accelerated their delivery speed, resulting in a slight decrease in prices. Downstream demand is the main factor, entering the market at low prices, and high-level supply is not smooth. Under the game of supply and demand, the TDI market has made a slight adjustment.
Supply side: Fujian and Gansu are operating at medium to high loads. BASF in Shanghai will begin maintenance in mid May and is expected to restart in early June. The 300000 ton/year TDI plant in Fujian will undergo maintenance in early June, lasting for 45 days.
Cost wise: The price of toluene has increased, with an average price of 5550 yuan/ton at the beginning of the week and 5628 yuan/ton over the weekend, representing a 1.43% increase during the week. Downstream on-demand procurement, the overall trading atmosphere in the spot market is weak.
Market analysis shows that the TDI data analyst from Shengyi Society believes that the current trading atmosphere in the TDI market is average, with limited support from the demand side. The market needs more guidance from news sources and closely monitors changes in market supply and demand. It is expected that the TDI market will operate weakly in the short term.

According to the Commodity Market Analysis System of Shengyi Society, as of June 5, 2025, the reference price of n-butanol in Shandong Province, China is 6250 yuan/ton. Compared with June 1 (reference price of n-butanol is 6400 yuan/ton), the price has decreased by 150 yuan/ton, a decrease of 2.34%.
From the market monitoring system of Shengyi Society, it can be seen that in the first week after the holiday (6.01-6.05), the overall n-butanol market in Shandong, China, showed a weak downward trend. During the week, the focus of negotiations in the n-butanol market shifted towards lower levels, with some n-butanol factories in Shandong province continuously lowering their n-butanol shipment prices by around 100-150 yuan per ton. As of June 5th, the reference price for n-butanol in the domestic Shandong region is around 6200-6300 yuan/ton.
Analysis of Market Factors
On the supply side: After the holiday, some units in the n-butanol plant resumed operation, and the overall supply of n-butanol increased. Some factories actively shipped to maintain low inventory and adjusted the n-butanol price downwards. The market support provided by the supply side for n-butanol weakened, and the n-butanol market was under pressure to decline.
On the demand side: After the holiday, the boost in demand for n-butanol was average, and downstream stage procurement has not yet started significantly. Overall, demand is cautious and rigid procurement is the main focus, and the demand side provides moderate support for the n-butanol market.
Market analysis in the future
At present, the inquiry atmosphere in the n-butanol market is mild, and the mentality of the industry is average. There is a certain wait-and-see sentiment downstream. The n-butanol data analyst from Shengyi Society predicts that in the short term, the n-butanol market in Shandong Province will mainly adjust within a certain range, and specific changes in supply and demand information need to be closely monitored.