SunSirs: Golden September Fails to Appear: Shandong n-Butanol Market in Downward Trend

According to the commodity market analysis system of SunSirs, as of September 24, 2025, the reference price for n-butanol in Shandong Province, China, stands at 5,916 RMB/ton. This price remains largely unchanged from September 13, but compared to September 1 (when the reference price was 6,100 RMB/ton), it has decreased by 184 RMB/ton, representing a decline of 3.01%.

Golden September Effect Absent: Shandong n-Butanol Market Experiences Decline

From the SunSirs commodity market analysis system, it is evident that in September 2025, the n-butanol market in Shandong showed an overall oscillating downward trend. In the first half of the month, n-butanol prices gradually declined, with the market negotiation focus shifting toward lower levels. On September 12, the price hit the monthly low of 5,916 RMB/ton. During the middle of the month, the market saw minimal changes, with fundamentals remaining calm and entering a stable consolidation phase.

the latter part of the month, n-butanol prices experienced a narrow rebound, with a slight upward adjustment in the mid-to-late period by about 50 RMB/ton. As of September 24, the market price in Shandong is referenced around 5,900-6,000 RMB/ton.

Market Factor Analysis

Supply Side: Supply Pressure Leads to Active Shipments and Price Drops

In September, the overall supply of n-butanol in Shandong was relatively loose, with certain pressures on the supply end. Some factories and suppliers, aiming to maintain low inventory levels, actively shipped goods, resulting in inadequate support from the supply side and contributing to the market downturn.

Demand Side: Downstream Demand Remains Cautious, Pre-Holiday Stocking Falls Short of Expectations

In the first half of September, downstream demand for n-butanol was cautious, primarily driven by essential purchases, providing weak support to the market. As the end of the month approached, downstream users engaged in small-scale pre-holiday stocking, leading to improved transactions at lower prices and a slight market uptick. Overall, however, demand throughout September did not meet expectations.

Market Outlook

Currently, the trading atmosphere in the n-butanol market is moderate, with downstream users stocking up at low prices but maintaining a wait-and-see attitude toward higher ones. The market is operating steadily overall. Sunsirs' n-butanol data analyst predicts that in the short term, the n-butanol market will primarily exhibit a stable-to-slightly-strong trend. Specific developments will depend on pre-holiday shipment volumes and downstream stocking activities.

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