According to the commodity market analysis system of Shengyishe, as of February 5, 2025, the reference price of n-butanol in the Shandong region of China was 6,533 yuan/ton. Compared with February 1 (reference price of n-butanol: 6,663 yuan/ton), the price decreased by 133 yuan/ton, a decline of 1.95%.

In the first week of February, the n-butanol market in Shandong experienced a high-level correction. Data from the Shengyishe commodity market analysis system shows that during the first week of February 2026 (February 1–5), the n-butanol market in the Shandong region of China generally exhibited a volatile downward trend. At the beginning of the week, the n-butanol market fluctuated between gains and losses, with negotiations in the market beginning to loosen. Starting from mid-week, the overall market focus shifted downward, as major producers lowered their overall sales prices, driving the market trend downward. The low-end price dropped to 6,400 yuan/ton. As of February 5, the price of n-butanol in Shandong was approximately 6,400–6,700 yuan/ton.

Analysis of Market Influencing Factors
Loose Supply-Demand Balance: After entering February, restocking by downstream n-butanol users neared completion, leading to an overall weakening of market demand. Coupled with price reductions by some major producers in Shandong, pressure on the supply side became evident. The slowdown in supply-demand transmission resulted in downward pressure on prices.

Future Market Forecast
Currently, trading activity in the n-butanol market has become subdued, with downstream users showing increasing resistance to high market prices. In the short term, it is expected that n-butanol prices will continue to exhibit weak consolidation before the holiday. In the long term, close attention should be paid to post-holiday market resumption and the purchasing strength of downstream users in the new round of procurement.