According to the Commodity Market Analysis System of Shengyi Society, as of September 24, 2025, the reference price of n-butanol in Shandong Province, China is 5916 yuan/ton, which is basically the same as September 13. Compared with September 1 (reference price of n-butanol is 6100 yuan/ton), the price has decreased by 184 yuan/ton, a decrease of 3.01%.
The Golden Nine Effect is not reflected in the downward trend of Shandong n-butanol market
From the commodity market analysis system of Shengyi Society, it can be seen that in September, the overall n-butanol market in Shandong, China, showed a fluctuating downward trend. In early September, the n-butanol market gradually declined, and the focus of market negotiations shifted towards lower levels. On September 12th, n-butanol fell to the lowest point of the month, with a price reference of 5916 yuan/ton. In mid September, there was little change in the market situation of n-butanol, and the fundamentals remained calm. The market entered a stable consolidation operation. In late September, the n-butanol market experienced a narrow correction, with a slight upward adjustment of 50 yuan/ton in the middle of the month. As of September 24th, the reference price for n-butanol market in Shandong region is around 5900-6000 yuan/ton.
Analysis of Market Factors
Supply side: Supply under pressure, shipment positive, market downturn
In September, the overall supply side of the n-butanol market in Shandong was relatively loose, and there was a certain supply pressure on the supply side. Some factories and suppliers actively shipped to maintain low inventory, but the supply side provided poor market support.
On the demand side: Downstream demand is cautious, and pre holiday stocking falls short of expectations
In early September, downstream demand for n-butanol showed caution, with downstream essential purchases being the main focus. The support from the demand side for n-butanol was weak, and as the end of the month approached, downstream users stocked up on a small scale before the holiday. Low level transactions of n-butanol improved, and the market situation slightly rose. Throughout September, the overall demand performance still fell short of expectations.
Future forecast
At present, the trading atmosphere in the n-butanol market is mild, with downstream users stocking up at low prices and still having a certain wait-and-see attitude towards high prices. The overall market situation is stable, and the n-butanol data analyst from Shengyi Society predicts that in the short term, the n-butanol market will mainly operate steadily with a moderate to strong trend. Specific attention needs to be paid to pre holiday market shipments and downstream stocking situation.
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