Price trend

According to data from the SunSirs' commodity market analysis system, as of November 3, 2025, the reference price of n-butanol in Shandong, China, was 5,216 RMB/ton. Compared with October 31 (reference price of n-butanol was 5,233 RMB/ton), the price decreased by 17 RMB/ton, and compared with October 1 (reference price of n-butanol was 5,850 RMB/ton), the price decreased by 634 RMB/ton, a drop of 10.583%.

Poor market performance led to a continued decline in the price of n-butanol in Shandong province into November

According to the commodity market analysis system of SunSirs, the domestic n-butanol market in Shandong Province continued its downward trend at the beginning of November. At the beginning of the month, major Shandong manufacturers continued to slightly lower their n-butanol ex-factory prices, by 50 RMB/ton, with the low-end reference price around 5,150 RMB/ton. The market fundamentals remained weak, and as of November 3rd, the market price of n-butanol in Shandong Province was around 5,150-5,200 RMB/ton.

Factors affecting price:

On the demand side: Demand was cautious, and there was insufficient support from the demand side

As of November 3rd, there was a strong wait-and-see attitude in the n-butanol market, downstream buyers were cautious in their stockpiling and purchasing, overall market inquiries were limited, trading atmosphere was weak, and market negotiations were focused on the low end.

Supply side: Supply was ample, and the market was mainly focused on shipping

As of November 3rd, the overall supply of n-butanol in Shandong was relatively abundant, with suppliers actively shipping goods and offering discounts to maintain low inventory levels.

Cost side: Costs was low, and support weakened

Low propylene prices eased cost support for n-butanol. According to data from SunSirs, on November 3rd, the reference price for propylene was 6,058.25 RMB/ton, a decrease of 7.41% compared to October 1st (6,543.25 RMB/ton).

Market outlook

As of November 3rd, the market demand for n-butanol was moderate, with downstream buyers maintaining only essential needs and stocking up on dips. According to data analysts at SunSirs, the domestic Shandong n-butanol market is expected to see narrow adjustments in the short term, and further attention should be paid to changes in supply and demand.

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