**1. Closing Prices in the Mainstream Market in the Previous Trading Session**
In the last trading session, the market price of n-butanol remained stable. During the day, n-butanol plants mainly offered stable prices. Supported by industry losses and exports, market sentiment stabilized. Approaching the weekend, downstream buyers mainly purchased at lower prices, with decent transaction volumes at local low prices.
**2. Key Factors Influencing Price Changes in the Next Trading Session**
**Supply:** Shuguang Phase I and Luxi Chemical Phase II units are shut down, while units in Jiangsu and Zhejiang provinces have reduced production. The unit in Shaanxi is ramping up its load. It is expected that the week-on-week change in n-butanol operating rates will be limited next week.
**Demand:** Operating rates for major downstream sectors such as propylene glycol butyl ether (PGBE), n-butyl acetate, and DBP are expected to recover. Demand for n-butanol is projected to increase week-on-week next week.
**Costs and Sentiment:** The mainstream market price for propylene in the Shandong market is tentatively referenced at RMB 8,870–9,030/ton, with a likely downward adjustment expected today, potentially loosening the cost side of n-butanol. As industry losses intensify, some units may experience unplanned fluctuations. Additionally, with an increase in export orders, there is no clear bearish expectation in the market at present.
**3. Trend Forecast**
Since the weekend, plant offers have remained largely stable, with increased premium transactions in the northwestern region. Although the cost side of n-butanol may loosen, supported by industry losses and export orders, there is no clear bearish sentiment in the market. It is expected that n-butanol prices will remain largely stable with a slight upward trend today.
Post time: Jun-08-2026