SunSirs: Supply and Demand Were Balanced, and Shandong's N-Butanol Maintained Stable Operation

Price trend

According to the commodity market analysis system of SunSirs, as of September 19, 2025, the reference price of n-butanol in Shandong Province was 5,916 RMB/ton, which was basically the same as that on September 13. Compared with September 1 (the reference price of n-butanol was 6,100 RMB/ton), the price dropped by 184 RMB/ton, a decrease of 3.01%.

According to the SunSirs Commodity Market Analysis System, the n-butanol market in Shandong Province experienced an overall period of consolidation last week. The Shandong n-butanol market saw little change during the week, reflecting relatively stable fundamentals. As of September 19th, the reference price for n-butanol in Shandong Province was around 5,900-6,000 RMB/ton.

Fundamentals

Supply and demand: Supply and demand were stable, and trading was moderate

As of September 19, the shipment performance of the n-butanol market was acceptable, manufacturers were actively shipping, downstream companies were stocking up on demand, and the inquiry and trading atmosphere was mild. Some downstream companies had expectations of stocking up before the holiday, which brought a certain boost to the market's confidence, and the supply and demand transmission of n-butanol was stable.

Cost: Raw materials fluctuated and rose, cost support was stable

Recently, the market price of propylene, a raw material, had fluctuated upward, providing stable cost support for n-butanol. As of September 19, the benchmark price of propylene on SunSirs was 6,730.75 RMB/ton, up 1.01% from the beginning of this month (6,663.25 RMB/ton).

Market outlook

As of September 19, the supply and demand of n-butanol in the upstream and downstream markets were stable, and the downstream butyl acrylate market was active, driving the downstream to increase its enthusiasm for purchasing raw materials. As the National Day approaching, the overall market demand transmission is expected to improve, and the industry players are in a good mood. The n-butanol data analyst of SunSirs predicts that in the short term, the n-butanol market in Shandong Province will be mainly stable and positive.

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