The market price of n-butanol remains stable at a high level.

1. Today's Summary

① Domestic n-butanol prices in Henan rose by 50 yuan/ton today, while prices in Shandong increased by 35 yuan/ton.

② Today’s operating rates are as follows: n-butanol at 88%, butyl acrylate at 62%, butyl acetate at 52%, and DBP (dibutyl phthalate) at 32%.

2. Spot Market Overview

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

Based on the Shandong market, domestic n-butanol closed at 8,400–8,400 yuan/ton today, aligning with morning expectations. The domestic n-butanol market price maintained a high-level consolidation trend. Low-priced offers in certain regions decreased, shifting the market focus toward higher levels. It is reported that propylene feedstock prices continued to rise, providing strong cost support for n-butanol. Market supply remains ample, while downstream demand is primarily driven by rigid requirements with opportunistic purchasing. Market inquiries and transactions were generally moderate.

3. Production Dynamics

Today, the domestic capacity utilization rate for n-butanol stood at 88%. With rising propylene feedstock costs, current profitability for n-butanol is approximately 145 yuan/ton.

4. Price Forecast

Currently, market sentiment has shifted towards wait-and-see, with reduced transaction activity at high price levels. Downstream users are proceeding cautiously with rigid-demand purchases. However, given that raw material prices remain persistently high, cost support remains robust. Therefore, market prices are expected to continue consolidating at elevated levels.

5. Related Products Status

Octanol Market: Today, the transaction center of gravity for the domestic octanol market moved higher. As octanol prices gradually increase, buyers have shown caution regarding procurement at higher price levels, although rigid-demand buying remains acceptable. The industry faces inverted cost margins, leading to a decline in operating rates. Furthermore, supply is expected to decrease further this month, keeping manufacturer quotations firm. Currently, the price spread between East China and Shandong markets exists.

6. Data Calendar

Table 2: Domestic n-Butanol Weekly/Monthly Data Calendar (Unit: %, 10,000 tons, Yuan/ton)

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