September 3 news
According to the commodity market analysis system, as of September 3, 2026, the reference price for n-butanol in Shandong, China, is 7,866 CNY per ton. Compared to August 31 (when the reference price for n-butanol was 7,566 CNY per ton), the price has increased by 300 yuan, a price increase of 3.96%.
I. Price Trend Data
From the data monitoring system, it can be seen that at the beginning of September, the n-butanol market in Shandong, China, experienced a steady increase. The negotiation focus in the Shandong region for n-butanol moved upward, with a cumulative increase of around 100-200 CNY/ton. As of September 3rd, the n-butanol market price in Shandong was around 7,500-7,900 CNY/ton.
2. Fundamental Situation
Cost-wise: Recently, influenced by international crude oil, the market price of propylene, the upstream cost-end raw material for n-butanol, has shown an upward trend, strengthening the cost support for n-butanol.
Supply and Demand: At the beginning of the month, the spot market for n-butanol in Shandong had limited supply, providing some support to the market. Downstream purchasing sentiment improved, and the trading atmosphere was good. The improvement in supply and demand transmission pushed up the price of n-butanol.
III. Future Market Forecast
Currently, the inquiry atmosphere for n-butanol in the market is moderate, and positive factors within the market continue to provide solid support. It is expected that, in the short term, the price center of gravity for n-butanol will tend to remain relatively strong. However, further attention should be paid to downstream industry operating rates and changes in supply-demand dynamics.
Technical Analysis
From the spot commodity analysis system, it can be seen that since mid-August, the 10-day moving average of n-butanol has started to cross above the 20-day moving average and has continued to stay above it, indicating a trend consistent with the rising market. Auxiliary indicators show that the current market price of n-butanol in China is at a medium-high level in the medium to long term (one-year position). Combining these two indicators, it is predicted that the market trend for n-butanol in Shandong, China, will have an upward trend, but the increase will be limited.
