The market price of n-butanol is trading at a high level with stable consolidation.

1. Daily Summary

① Today, domestic n-butanol prices in Shandong decreased by 15 RMB/ton, while prices in Henan increased by 50 RMB/ton.

② Current operating rates: Domestic n-butanol at 89%, butyl acrylate at 56%, butyl acetate at 53%, and DBP (Dibutyl Phthalate) at 38%.

2. Spot Market Overview

Table 1: Domestic N-Butanol Industry Chain Price Summary (Unit: RMB/ton)

Based on the Shandong region, today's n-butanol closed at 8300-8350 RMB/ton, consistent with morning expectations. The domestic n-butanol market price fluctuated at a high level today, with increasing wait-and-see sentiment among market participants. It is reported that rising propylene feedstock prices have intensified cost pressures, supporting high prices. However, downstream willingness to purchase at premium levels has declined, with inquiries and transactions focusing on lower price points. Overall trading activity was sluggish.

3. Production Dynamics

Today, the domestic capacity utilization rate for n-butanol stood at 89%. With propylene prices rising, the current profit margin for n-butanol is approximately -119 RMB/ton.

4. Price Forecast

Currently, propylene prices remain at high levels, providing strong cost support. Meanwhile, downstream buyers are exercising caution regarding rigid demand and resisting high prices, leading to increased wait-and-see sentiment. Market inquiries and transaction activities have weakened, with price focus trending toward the lower end. The market price is expected to consolidate within a fluctuating range.

5. Related Products Status

Octanol Market: Today, mainstream transaction prices for octanol in Shandong were 9800-9800 RMB/ton, with low-end prices catching up. As month-end approaches, spot inventory levels at major factories and traders are limited. Quotations remain firm at high levels. Downstream purchases are primarily driven by rigid demand, with users observing terminal follow-through.

6. Data Calendar

Table 2: Domestic N-Butanol Data Overview (Unit: 10k tons, RMB/ton)