Positive Factors Waning, Butanol Prices Continue Their Slide Into November

November 03, News

According to the commodity market analysis system, as of November 3, 2025, the reference price for n-butanol in Shandong, China was 5,216 CNY/ton. Compared to October 31 (reference price for n-butanol was 5,233 CNY/ton), the price decreased by 17 CNY/ton. Compared to October 1 (reference price for n-butanol was 5,850 CNY/ton), the price decreased by 634 CNY/ton, a price decrease of 10.583%.

Market Performance Poor, Shandong Normal Butanol Prices Decline into November

From the commodity market analysis system, it can be seen that at the beginning of November, the n-butanol market in Shandong region of China still showed a downward trend. At the beginning of the month, major factories in Shandong continued to slightly reduce the factory price of n-butanol, with a reduction of 50 CNY per ton, and the low-end reference price for n-butanol was around 5,150 CNY per ton. The fundamentals within the market were weak, and by the 3rd, the market price of n-butanol in Shandong region was around 5,150-5,200 CNY per ton.

Market Factor Analysis

Demand Side: Cautious Demand, Insufficient Support from the Demand Side

Currently, the n-butanol market in China is experiencing a strong wait-and-see sentiment. Downstream buyers are cautious in their restocking and purchasing, with limited overall inquiries in the market. The trading atmosphere is weak, and negotiations are mainly centered around the lower end of the price range.

Supply aspect: Adequate supply, mainly market shipments in China

Currently, the overall supply of n-butanol in the Shandong region of China is relatively sufficient, with suppliers actively shipping goods, mainly focusing on reducing inventory by offering discounts.

Cost Perspective: Low Costs Provide Support for Easing

On the raw material side, the propylene market remains at low levels, easing cost support for n-butanol. According to data, on November 3, the benchmark price for propylene was 6,058.25 CNY per ton, a 7.41% decrease compared to October 1 (6,543.25 CNY per ton).

Future Market Forecast

Currently, the inquiry atmosphere for n-butanol in the market is moderate, with downstream sectors maintaining just-in-time purchasing and stocking up at low prices. N-butanol data analysts predict that in the short term, the n-butanol market in Shandong, China, will mainly experience minor adjustments. Specific developments will require close attention to changes in supply and demand dynamics.