As of September 16, 2026, the reference price of n-butanol in Shandong Province, China was 8900 yuan/ton, an increase of 1134 yuan or 17.62% compared to September 1 (reference price of n-butanol was 7566 yuan/ton).
1、 Price trend data
In early September, the domestic n-butanol market in Shandong showed a significant upward trend. During this period, the n-butanol market price in Shandong continued to approach high levels, with a cumulative increase of about 1000-1200 yuan/ton. As of September 16th, the n-butanol market price in Shandong was around 8800-9100 yuan/ton.
2、 Fundamental situation
In terms of cost: In early September, the market price of propylene at the raw material end of n-butanol fluctuated and rose, providing overall cost support for n-butanol. The n-butanol market rose with the support of raw materials.
In terms of supply and demand: As we enter September, the overall inventory of Shandong n-butanol production plants is relatively low, and the overall supply on site is limited. The supply pressure is controllable. At the beginning of the month, the downstream receiving sentiment of n-butanol was clear, and the demand transmission improved. With the rise of the market, downstream resistance to high prices gradually emerged. Although the overall market demand has weakened compared to the previous period, the overall supply and demand transmission is still relatively smooth.
3、 Future forecast
At present, the trading atmosphere of n-butanol on the market is mild and light, and inquiries on the market are cautious. It is expected that in the short term, the n-butanol market price will mainly fluctuate and consolidate. Specific attention needs to be paid to the downstream industry’s operating conditions and changes in supply and demand factors.
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