According to the Commodity Market Analysis System of Shengyi Society, as of December 4, 2025, the reference price of n-butanol in Shandong Province, China is 5670 yuan/ton. Compared with November 30 (reference price of n-butanol is 5166 yuan/ton), the price has increased by 504 yuan/ton, an increase of 9.74%.
In the first week of December, the n-butanol market in Shandong experienced a rapid recovery
From the commodity market analysis system of Shengyi Society, it can be seen that in the first week of December, the overall n-butanol market in Shandong, China showed a broad upward trend. Shandong n-butanol factories and suppliers actively raised the shipment price of n-butanol, with a cumulative increase of around 400-700 yuan/ton during the week. As of December 4th, the reference price of n-butanol in the domestic Shandong region is around 5450-5800 yuan/ton, with a cumulative increase of over 9% within two days.
Analysis of Market Factors
On the supply side: As we enter December, n-butanol production in Shandong province has decreased significantly, resulting in a significant reduction in overall supply of n-butanol. Supply side inventories are low, and spot supply in the market is tight, providing strong market support for n-butanol.
On the demand side: Currently, the self supply rate of raw materials downstream of n-butanol has decreased, the enthusiasm for purchasing raw materials has increased, the overall volume of external procurement has increased, and inquiries have increased. The market support provided by the demand side has also improved.
In terms of cost: Recently, the market for propylene on the cost side of raw materials has been fluctuating and rising, while n-butanol still has support from the cost side. As of December 4th, the benchmark price of propylene in Shengyi Society was 6190.75 yuan/ton, an increase of 0.52% compared to the beginning of this month (6180.75 yuan/ton).
Future forecast
Currently, the overall trading atmosphere in the n-butanol market in Shandong is good, and the mentality of industry players has improved. The focus of transactions in the n-butanol market has shifted to the high-end. Business Society’s n-butanol data analyst predicts that in the short term, the n-butanol market will mainly operate in a strong direction, and specific changes in supply and demand information need to be closely monitored.
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