According to the commodity market analysis system of Shengyishe, as of February 10, 2025, the reference price of n-butanol in the Shandong region of China was 6,316 yuan/ton. Compared with February 6 (reference price of n-butanol: 6,533 yuan/ton), the price decreased by 217 yuan/ton, a decline of 3.32%. Compared with February 1 (reference price of n-butanol: 6,663 yuan/ton), the price decreased by 347 yuan, a decline of 5.20%.

Bearish Pressure: Shandong n-Butanol Market Continues to Trend Downward
From the Shengyishe commodity market analysis system, it can be observed that at the beginning of February, the n-butanol market in the Shandong region experienced a volatile decline. Entering this week, the n-butanol market continued its downward trend, with the negotiation focus in the market continuously shifting toward lower levels. Major manufacturers have successively lowered their n-butanol shipment prices, widening the price gap between high and low quotations in the market. The low-end market price dropped to 6,050 yuan/ton. As of February 10, the reference price range for n-butanol in Shandong was approximately 6,050–6,700 yuan/ton.

Analysis of Core Influencing Factors
Supply Side: Currently, the overall supply of n-butanol in the Shandong market is sufficient. Some major manufacturers in Shandong lowered their quotations on February 9, driving market prices downward.
Demand Side: Pre-holiday restocking in downstream industries such as coatings and plasticizers is nearing completion, leading to weakened purchasing enthusiasm and increased resistance to high-priced sources. Market transactions have turned sluggish.

Future Outlook
In the short term, as the Spring Festival approaches, the n-butanol market is expected to continue its weak consolidation or range-bound fluctuations, with the transaction focus likely to shift slightly lower.
In the long term, after the holiday, market attention should focus on the pace of downstream resumption of work and production, the price trend of raw material propylene, and the operational status of production facilities. If demand recovery falls short of expectations, prices may still face downward pressure.