Morning Market Update: n-Butanol

I. Key Focus Points

1. n-Butanol prices fluctuated downward.
2. Downstream industries maintained cautious procurement based on rigid demand.
3. On November 10: Qatar and other mediators continued to push for US-Iran negotiations, easing market concerns and causing international oil prices to fall. The NYMEX WTI crude oil futures contract for December delivery closed at $86.04 per barrel, down $0.81 (-0.93%); the ICE Brent crude oil futures contract for January delivery closed at $91.49 per barrel, down $1.08 (-1.17%). The INE crude oil futures contract 2701 in China fell by 31.4 yuan to 599.3 yuan per barrel, with the night session dropping by 9.1 yuan to 590.2 yuan per barrel.

II. Price Table

Notes:

1. Prices for n-Butanol, Butyl Acrylate, Butyl Acetate, and DBP refer to National Standard Premium Grade products.
2. All four varieties are quoted in RMB, unit: Yuan/ton.

III. Market Outlook

Yesterday, domestic n-butanol market prices continued to decline. Feedstock propylene prices fell consecutively, leading to lower costs and weakening price support. At this time, downstream willingness to take delivery was low, wait-and-see sentiment intensified, overall market trading remained sluggish, and the price center shifted toward lower levels. Manufacturers proactively lowered ex-factory prices to stimulate shipments, but with limited success. Domestic n-butanol market prices are expected to fluctuate downward today.

IV. Data Calendar

1. ↓↑ indicates significant fluctuations, highlighting data dimensions where changes exceed 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data dimensions where changes are within 0–3%.