August 12th, News
According to the commodity market analysis system, as of August 11, 2026, the reference price for n-butanol in Shandong, China, is 6,983 CNY per ton. Compared to August 1 (when the reference price for n-butanol was 7,016 CNY per ton), the price has decreased by 33 yuan, a decrease of 0.48%.
I. Price Trend Data
From the data monitoring system, it can be seen that in early August, the overall butanol market in Shandong, China, showed a slight decline followed by a stable operation at a low level. From August 1 to 6, the butanol market prices were adjusted and the market was relatively calm. On the 7th, major butanol producers in Shandong reduced the ex-factory price of butanol by 100 CNY/ton. This reduction led to a downward adjustment in the market's focus, and subsequently, the market continued to operate at a low level. As of August 11, the butanol market prices in the Shandong region were around 6,850-7,100 CNY/ton.
2. Fundamental Situation
Cost Aspect: In early August, the market price of propylene—the upstream raw material for n-butanol—rose, leading to a slight increase in costs and providing n-butanol with some cost support, thereby limiting the extent of its price decline.
Demand Side: Currently, the market demand for n-butanol is relatively cautious. Downstream users mostly continue to meet their essential needs or take advantage of price dips for procurement, resulting in generally moderate trading activity across the market.
Supply aspect: Currently, the overall operating rate of the n-butanol market in China is slowly decreasing, with a slight reduction in the overall supply. The supply and demand situation is showing a dual weak trend.
III. Future Market Forecast
Currently, trading activity for n-butanol in the spot market is relatively subdued, and market sentiment is increasingly cautious. Although costs provide some support, the transmission of supply-demand dynamics remains weak. Most inquiries in the market are focused on lower-end prices. In the short term, n-butanol prices are expected to fluctuate and trade within a narrow range. Further attention should be paid to downstream industry operating rates and any changes in supply and demand factors.
