October 9th, according to news,
According to the commodity market analysis system, as of September 30, 2026, the reference price for n-butanol in Shandong, China, was 8,500 CNY per ton. Compared to September 1 (when the reference price for n-butanol was 7,566 CNY per ton), the price increased by 934 yuan, a price increase of 12.33%.
I. Price Trend Data
From the data monitoring system, it can be seen that in the early part of September, the "Golden September Effect" was significantly evident, and the n-butanol market in Shandong, China, experienced a substantial increase, with prices rising by over 17% in half a month. By mid-month, the market was at a high level and entered a stable consolidation phase. In the latter part of September, as pre-holiday stockpiling gradually ended, there were signs of a downward adjustment in the n-butanol market, with negotiation centers moving downward. Overall, in September, the n-butanol market in Shandong, China, showed an oscillating upward trend. Although the market saw some downward pressure at the end of the month, it still exhibited a price increase of over 10% compared to the beginning of the month.
2. Fundamental Situation
Cost Perspective: In September, the cost floor for n‑butanol remained solid, as propylene prices—its primary feedstock—experienced overall volatile upward movement, providing steady support to n‑butanol costs.
Supply and Demand: In September, the supply of n-butanol in the Shandong market was relatively tight, with limited inventory from some factories, resulting in overall low supply pressure. The market welcomed a golden September, with relatively smooth pre-holiday stockpiling by downstream n-butanol users, and demand transmission showed some improvement. Although demand weakened somewhat at the end of the month due to high prices and the conclusion of phased stockpiling, overall, the supply and demand dynamics for the entire month still exhibited a good performance.
III. Future Market Outlook
At present, intraday trading in Shandong n‑butanol remains relatively subdued, with prices fluctuating within a narrow range. Post-holiday market sentiment is somewhat cautious. In the short term, Shandong n‑butanol prices are expected to trade mostly in a sideways‑to‑range‑bound pattern, though further attention will be needed to downstream industry operating rates and evolving supply‑demand dynamics.
