September 16 news
According to the commodity market analysis system, as of September 16, 2026, the reference price for n-butanol in Shandong, China, is 8900 CNY/ton. Compared to September 1 (when the reference price for n-butanol was 7566 CNY/ton), the price has increased by 1134 yuan, a 17.62% increase.
I. Price Trend Data
From the data monitoring system, it can be seen that in early September, the n-butanol market in Shandong, China, showed a significant increase. During the early part of the month, the price of n-butanol in the Shandong region continuously approached higher levels, with a cumulative increase of about 1000-1200 CNY/ton. As of September 16, the reference price for n-butanol in the Shandong region is around 8800-9100 CNY/ton.
2. Fundamental Situation
Cost Perspective: In early September, the market price of propylene—the raw material for n-butanol—experienced volatile upward movements, providing overall strong cost support for n-butanol. As a result, n-butanol prices rose in tandem with the support from its raw materials.
Supply and Demand: Entering September, the overall inventory of n-butanol production plants in Shandong, China is relatively low, with limited overall supply in the market and manageable supply pressure. At the beginning of the month, the purchasing sentiment from downstream n-butanol buyers was clear, and demand transmission improved. As the market trend pushed prices higher, downstream resistance to high prices gradually emerged. Although overall demand has become somewhat weaker compared to earlier, the overall supply and demand transmission remains relatively smooth.
3. Future Market Forecast
Currently, the trading atmosphere for n-butanol in the Chinese market is mild and light, with cautious inquiries. It is expected that in the short term, n-butanol prices will mainly fluctuate and consolidate at a relatively strong level. Specific attention should be paid to the operating conditions of downstream industries and changes in supply and demand factors.
Technical Analysis
From the SpotCom analysis system, it can be seen that in early September, the 10-day moving average of n-butanol remained above the 20-day moving average, and the distance between the two averages gradually widened, indicating a trend consistent with the rising market. The auxiliary indicators show that the current market price of n-butanol in China is at a relatively high level in the medium to long term (one-year position). Combining the two indicators, it is predicted that the market trend of n-butanol in Shandong, China, will have a certain upward trend, but the increase will be limited.
