Please provide the Chinese text you would like me to translate into professional English.

1. Today's Summary

① Domestic n-Butanol prices in Shandong decreased by 10 CNY/ton today, while prices in other regions remained stable.

② Today's domestic operating rates were: n-Butanol at 83%, Butyl Acrylate at 56%, Butyl Acetate at 53%, and DBP (Dibutyl Phthalate) at 37%.

2. Spot Market Overview

Table 1: Domestic n-Butanol Industry Chain Price Summary (Unit: CNY/ton)

Based on the Shandong region, n-Butanol closed at 8,680–8,700 CNY/ton today, aligning with morning expectations. The domestic n-Butanol market price has been consolidating at a high level, with increased wait-and-see sentiment among participants. Although propylene prices declined, they remain at elevated levels, maintaining significant cost pressure that supports n-Butanol prices. Downstream buyers are purchasing cautiously based on rigid demand and resisting high prices, leading to reduced inquiries and transactions.

3. Production Dynamics

Today, the domestic capacity utilization rate for n-Butanol stood at 83%. With propylene prices decreasing, current profitability for n-Butanol is approximately -33 CNY/ton.

4. Price Forecast

Currently, propylene prices are softening from high levels, leading to a slight reduction in costs. However, cost support remains strong. Meanwhile, downstream resistance to high prices has increased, reducing purchase intent and resulting in sluggish market inquiries and transactions. Therefore, market prices are expected to fluctuate weakly.

5. Related Products

Octanol Market: The domestic octanol market center remained stagnant today. The significant drop in international crude oil closing prices yesterday dampened buying enthusiasm, increasing wait-and-see sentiment among downstream users. Supply in the East China region remained tight, with local downstream users engaging in rigid-demand purchases, resulting in moderate trading activity.

6. Data Calendar

Table 2: Domestic n-Butanol Data Overview (Unit: 10,000 tons, CNY/ton)

Note:

1. ↓↑ indicates significant fluctuations, highlighting data dimensions with change rates exceeding 3%.
2. ↗ ↘ indicates narrow-range fluctuations, highlighting data dimensions with change rates within 0–3%.