Supporting Easing This Week, Shandong Normal Butanol Market Weakly Operates

April 17th News

According to the commodity market analysis system, as of April 17, 2026, the reference price for n-butanol in Shandong, China was 8,600 CNY per ton. Compared to April 13 (when the reference price for n-butanol was 8,666 CNY per ton), the price has decreased by 66 yuan, a decrease of 0.77%.

I. Review of Price Trends

This week (April 13-17), the market price of n-butanol in Shandong, China showed a weak downward trend, with the market price center slightly decreasing and negotiation trends becoming more relaxed. As of April 17, the reference market price for n-butanol in the Shandong region was around 8,400 to 8,700 CNY per ton.

II. Analysis of Core Influencing Factors

Cost support loosens, market trading is moderate.

Currently, the n-butanol market in Shandong region is generally weak. The price of propylene, which is the cost end, has fallen, leading to a loosening of the cost support for n-butanol. Downstream users of n-butanol are purchasing at low prices based on their rigid demand, and the overall trading atmosphere in the market is average. Transactions are mostly concentrated at the lower end, with high-end transmission being obstructed. N-butanol factories and suppliers are actively shipping to maintain low inventory levels.

Future Market Prediction

Supply and Demand Direction Analysis

Currently, the supply and demand for n-butanol in Shandong are both relatively weak, leading to a loosening of support for n-butanol. The market is increasingly adopting a wait-and-see attitude, with downstream users being cautious about restocking. In the short term, it is expected that the n-butanol market in Shandong will mainly exhibit a weak and volatile trend. Specific developments will require close attention to changes in supply and demand.

Technical Analysis

According to SpotCom data, since the beginning of April, although the 10-day moving average of n-butanol prices has remained above the 20-day moving average, the distance between the 10-day and 20-day moving averages has gradually narrowed. This suggests that the momentum for a rise in the n-butanol market in China is weakening, and there are signs of a weakening trend.

Referring to the auxiliary indicators, although the spot price of n-butanol on April 16 was at the lower end of the 10-day range, it still remained at the upper end of the 90-day range. Therefore, considering both indicators together, we forecast that the n-butanol market faces significant downside risks, and users should exercise caution in their operations.