For the Quarter Ending March 2026
听
n-Butanol Prices in听North America
- In the USA, the n-Butanol Price Index rose by 12.71% quarter-over-quarter, driven by supply tightness.
- The average n-Butanol price for the quarter was approximately USD 993.00/MT, reflecting supply and production.
- n-Butanol Spot Price strengthened amid export demand and constrained availability at Gulf Coast regional terminals.
- n-Butanol Price Index momentum reflected escalating propylene-linked production costs supporting seller offers for export markets.
- n-Butanol Production Cost Trend showed upward pressure from crude-linked feedstock and elevated propylene benchmark volatility.
- n-Butanol Demand Outlook remained robust for coatings and adhesives while construction demand displayed seasonal strengthening.
- n-Butanol Price Forecast indicates near-term firmness with volatility from geopolitical transit disruptions and scheduled maintenance.
- n-Butanol Price Index movements were supported by active restocking, controlled inventories, and selective export inquiries.
Why did the price of n-Butanol change in March 2026 in North America?
- Supply tightened due to Gulf Coast maintenance and reduced export allocations, limiting available spot volumes.
- Feedstock and crude-linked cost pressures surged, increasing production expenses and supporting higher offer levels domestically.
- Logistics and geopolitical disruptions via shipping lanes lengthened transit times and encouraged buying, amplifying scarcity.
听
n-Butanol Prices in听APAC
- In Japan, the n-Butanol Price Index rose by 5.89% quarter-over-quarter, due to tighter import availability.
- The average n-Butanol price for the quarter was USD 809.33/MT on a CFR Osaka basis.
- n-Butanol Spot Price rose after offers firmed from Asian and Middle Eastern exporters, tightening availability.
- n-Butanol Price Forecast anticipates near-term firmness as geopolitical transit disruptions elevate feedstock parity and freight.
- n-Butanol Production Cost Trend increased with propylene and naphtha rising, feeding through to higher parity.
- n-Butanol Demand Outlook remained supportive from coatings and plasticizer sectors despite buyers' continuing just-in-time purchasing.
- n-Butanol Price Index volatility spiked in mid-March as supply constraints and panic buying amplified imbalances.
- Inventory draws and maintenance outages reduced prompt supply, reinforcing upward momentum across APAC market prices.
Why did the price of n-Butanol change in March 2026 in APAC?
- Strait of Hormuz disruptions and Middle East tensions raised crude and propylene, increasing upstream costs.
- Exporters prioritized domestic allocations, limiting spot availability to Japan and prompting buyer short-term procurement activity.
- Elevated freight and rerouting costs extended transit times, amplifying scarcity and lifting landed import parity.
听
n-Butanol Prices in听Europe
- In Germany, the n-Butanol Price Index rose by 4.96% quarter-over-quarter, due to tighter supply conditions.
- The average n-Butanol price for the quarter was approximately USD 1220.33/MT, FD Hamburg assessment basis.
- n-Butanol Spot Price tightened amid limited prompt availability and port congestion, reinforcing seller pricing discipline.
- n-Butanol Price Forecast shows March supply shocks, then moderation as logistics normalize and inventories rebuild.
- n-Butanol Production Cost Trend reflected rising propylene and crude-linked energy costs, supporting higher producer offers.
- n-Butanol Demand Outlook shows seasonal coatings restocking supporting consumption despite automotive weakness and cautious procurement.
- n-Butanol Price Index strength was reinforced by low inventories and export inquiries across Central Europe.
- Regional turnarounds and reduced cracker runs constrained availability, while winter port delays amplified logistical premiums.
Why did the price of n-Butanol change in March 2026 in Europe?
- Strait of Hormuz disruptions reduced imported feedstock flows, raising propylene costs and production expenses materially.
- Heightened crude and naphtha prices increased energy-linked manufacturing costs, prompting producers to lift domestic offers.
- Strong early-spring coatings and construction restocking tightened prompt availability, absorbing inventories and supporting upward pricing.
For the Quarter Ending December 2025
听
n-Butanol Prices in听North America
- In the USA, the n-Butanol Price Index fell by 8.29% quarter-over-quarter, driven by ample supply.
- The average n-Butanol price for the quarter was approximately USD 881.00/MT, reflecting FOB Texas assessment.
- n-Butanol Spot Price softened in December as Gulf Coast inventory builds reduced urgency for procurement.
- n-Butanol Production Cost Trend eased as feedstock input prices dropped, reducing manufacturers' unit costs modestly.
- n-Butanol Demand Outlook appears muted heading into winter, with construction and industrial restocking remaining cautious.
- n-Butanol Price Index movement constrained by steady logistics and normal operating rates at Gulf plants.
- Elevated n-Butanol inventories and softer export demand pressured offers, while selective restocking could firm prices.
- n-Butanol Price Forecast suggests range-bound December outcomes, with minor upside risk from restocking and disruptions.
Why did the price of n-Butanol change in December 2025 in North America?
- Ample domestic supply and high terminal inventories reduced urgency, limiting upward price pressure amidst logistics.
- Declining feedstock costs lowered production expenses, improving margins and enabling sellers to accept lower offers.
- Weak construction and cautious downstream procurement reduced offtake, keeping demand outlook subdued into winter season.
听
n-Butanol Prices in听APAC
- In Japan, the n-Butanol Price Index fell by 14.28% quarter-over-quarter, reflecting ample import supply levels.
- The average n-Butanol price for the quarter was approximately USD 764.33/MT, import parity influencing offers.
- n-Butanol Spot Price reflected heavy inventories and muted buying, pressuring offers across import-reliant Japanese terminals.
- n-Butanol Production Cost Trend remained weak as feedstock and energy inputs eased regionally during period.
- n-Butanol Demand Outlook stayed subdue with coatings and plasticiser buyers limiting purchases before year-end closures.
- n-Butanol Price Index movement moderated as uninterrupted cargo inflows and improved logistics eased landed costs.
- Export demand softened as tariffs and substitution limited overseas inquiries, sustaining pressure on domestic offers.
- n-Butanol Price Forecast shows downside risk into year-end amid steady supply and cautious restocking plans.
- Why did the price of n-Butanol change in December 2025 in APAC?
- Ample seaborne imports and steady cargo inflows increased available supply, weakening seller negotiating leverage materially.
- Lower regional feedstock and benign energy costs reduced exporters production costs, enabling discounted offers.
- Muted domestic demand from coatings and plasticiser sectors prompted buyers to postpone purchases, limiting momentum.
听
n-Butanol Prices in听Europe
- In Germany, the n-Butanol Price Index fell by 11.8% quarter-over-quarter, driven by ample supply and weak demand.
- The average n-Butanol price for the quarter was approximately USD 1162.67/MT, reflecting subdued activity and elevated inventories domestically.
- n-Butanol Spot Price softened through December as ample inventories and competitive imports limited upward pressure on prompt markets.
- n-Butanol Price Forecast shows mild volatility near-term, with seasonal restocking possibly prompting modest sequential firmness early next year.
- n-Butanol Production Cost Trend weakened as feedstock costs eased, reducing marginal manufacturing expenses and compressing spreads for producers.
- n-Butanol Demand Outlook remains muted with construction and coatings subdued, while automotive and specialty demand provided limited support.
- n-Butanol Price Index volatility reflected logistics disruptions and port congestion, temporarily tightening flows but not altering structural oversupply.
- Operational reliability at key German producers maintained output, while softer export demand redirected volumes into domestic spot availability.
Why did the price of n-Butanol change in December 2025 in Europe?
- Elevated domestic inventories and competitive imports increased spot availability, exerting downward price pressure in December.
- Eased feedstock costs reduced production expenses, while port congestion and rail delays created logistical frictions.
- Weaker coatings and construction demand plus cautious procurement kept offtake subdued, limiting any price recovery.
For the Quarter Ending September 2025
North America
- In USA, the n-Butanol Price Index fell by 7.92% quarter-over-quarter, reflecting subdued demand and ample supply.
- The average n-Butanol price for the quarter was approximately USD 960.67/MT.
- n-Butanol Spot Price remained pressured as exporters and domestic suppliers discounted stocks to stimulate limited buying activity.
- n-Butanol Price Forecast suggests modest volatility into Q4 with possible incremental rises as inventories normalize.
- n-Butanol Production Cost Trend showed relative stability, with feedstock propylene prices exerting only marginal upward pressure.
- n-Butanol Demand Outlook stayed weak due to subdued paints, coatings, construction, and automotive industrial consumption.
- n-Butanol Price Index movements were influenced by balanced production, elevated inventories, and cautious downstream procurement strategies.
- n-Butanol Price Index volatility was muted by steady logistics, unchanged operating status at major producers, and sufficient rail movements.
- n-Butanol Spot Price and export flows remained constrained by weak inquiries from Canada, Mexico and Asian buyers.
Why did the price of n-Butanol change in September 2025 in North America?
- Elevated domestic inventories and subdued downstream demand pressured the market despite stable production levels.
- Logistical caution from hurricane season and weak export inquiries reduced transactional volumes and dampened price momentum.
APAC
- In Japan, the n-Butanol Price Index fell by 4.57% quarter-over-quarter, reflecting weak downstream demand pressures.
- The average n-Butanol price for the quarter was approximately USD 891.67/MT, reflecting CFR Osaka trades.
- n-Butanol Spot Price eased into September as ample imports and weak offtake pressured seller margins.
- Consensus in the n-Butanol Price Forecast anticipates modest Q4 rebalancing if feedstock propylene firming occurs.
- n-Butanol Production Cost Trend stayed stable as propylene costs remained mostly unchanged, limiting price upside.
- n-Butanol Demand Outlook remained weak with coatings and plasticiser sectors underperforming, suppressing fresh procurement activity.
- Inventory liquidation and lower freight drove n-Butanol Price Index softness, while yen strength supported imports.
- Resumptions at regional producers increased availability, limited n-Butanol Price Index upside.
Why did the price of n-Butanol change in September 2025 in APAC?
- Muted downstream demand from coatings and plasticiser sectors reduced buying, amplifying downward pressure on quotations.
- Sustained inventory liquidation by suppliers increased available cargoes, undermining sellers' leverage and pressuring domestic prices.
- Logistics and currency shifts, freight easing and yen appreciation lowered landed costs, enabling cheaper imports.
Europe
- In Germany, the n-Butanol Price Index fell by 4.79% quarter-over-quarter, reflecting weak demand, ample supply.
- The average n-Butanol price for the quarter was approximately USD 1318.33/MT during summer holiday slowdown.
- n-Butanol Spot Price remained largely unchanged as sellers rolled offers and spot parcels stayed limited.
- n-Butanol Production Cost Trend eased after lower propylene settlements, relieving margins but not stimulating demand.
- n-Butanol Demand Outlook remains subdued with construction coatings offtake weak, limiting restocking and price support.
- n-Butanol Price Forecast indicates modest upside if suppliers extend curtailments and inventories draw during Q4.
- n-Butanol Price Index volatility reflected euro strength and weak export competitiveness, reducing overseas demand volumes.
Why did the price of n-Butanol change in September 2025 in Europe?
- Sustained high run-rates and ample terminal stocks increased supply, pressuring the n-Butanol Price Index downward.
- Weak downstream demand from paints, construction and plasticizers reduced offtake, depressing spot prices and activity.
- Lower propylene contract settlements eased production costs, enabling sellers to sustain offers despite weak purchasing.
For the Quarter Ending June 2025
North America
- The n-Butanol spot price in North America declined by 6.64% quarter-over-quarter in Q2 2025, reflected in a declining Price Index.
- Low demand conditions from the primary construction sector and automotive sector continued to remain the prime factor for the downward pull on the prices.
- Procurement activity听 remained as per need only听 basis听 due to lower offtakes from the paints and coating sector听 which kept the听 bearishness听 of the market mostly intact
- Trade war from the primary importer Chinese and North American markets led to sluggish export activity as buyers听 from Asia听 pulled out from market discussions
- Export conditions听 to the primary听 Mexican and Canadian markets remained low amidst a decline听 in weekly听 railcar loadings
- Suppliers were heard to have been moving backlogged inventories at lower prices
Why did the price of n-Butanol change in July 2025 in the US?
- In July 2025, the Price Index of n-Butanol was reported to听 have declined听 as procurements sentiments dampened听 during the official start of the North Atlantic Hurricane Season
- Post the 4th of July 2025听 holidays suppliers were heard听 moving inventories at lower prices听听
- Uncertainty in trade conditions听 largely听 kept听 procurement from abroad low听 during the month which resulted in a downward pull to the prices
Europe
- The n-Butanol spot price in Europe declined by 9.3% quarter-over-quarter in Q2 2025, reflected in a softer Price Index.
- Lower production costs witnessed as indicated by drop of 14% in the prices of feedstock Propylene.听听
- Low demand conditions from the primary construction sector continued to remain the prime factor for the downward pull on the prices
- Export demand and conditions remained sluggish amidst the Euro appreciation, congestions witnessed across the Northwest European ports which continued to impart a bearish pressure on the prices
- European originated n-Butanol inventories faced competition from Asian and North American suppliers as Turkish buyers leaned away from higher priced European cargoes in favour of more attractively priced Asian and North American originated inventories.
- Despite producers have been heard maintaining curtailed run rates to lengthen the market situation, suppliers were heard moving backlogged inventories at lower prices which maintained the bearish conditions persistent in the market.
Why did the price of n-Butanol change in July 2025 across Europe?
- In July 2025, the Price Index of n-Butanol was reported to have decreased because of inactive market amidst the seasonal summer holidays.
- Suppliers were to have been moving backlogged inventories at lower prices leading toa broadly bearish market fundamentals.
- Market players have mostly expressed pessimism in the demand conditions from the construction industries and in the paints and coating sectors
APAC
- The n-Butanol Price Index in the APAC region declined by 0.9% on a quarter-over-quarter basis in Q2 2025, primarily driven by a persistently oversupplied market, especially in Japan and surrounding East Asian countries.
- Material availability remained ample throughout the quarter, as the Japanese market experienced delayed cargo arrivals in April and steady inflows of Chinese-origin cargoes in May, which maintained downward pressure on the Price Index despite moderate domestic consumption.
- Feedstock Propylene prices trended downward across Asia during the quarter, aided by higher PDH (Propane Dehydrogenation) plant operating rates in June, which helped reduce input costs for n-Butanol producers and contributed to a stable-to-soft Price Index.
- Demand fundamentals were mixed, with moderate support from paints and coatings applications amid intermittent construction recovery in April and May; however, a sharp decline in Japan鈥檚 housing starts in June and persistent weakness in the automotive sector curtailed any substantial upward momentum in the Price Index.
- Despite temporary supply tightness due to reduced exports from China and Taiwan in June, the impact was largely offset by falling upstream costs, stable freight rates, and subdued demand, ultimately keeping the Price Index on a mildly downward trajectory across the APAC region for Q2 2025.
Why did the price of n-Butanol change in July 2025 across APAC?
- In July 2025, the Price Index of n-Butanol was reported to have decreased as the seasonal onset of the rainy season across Asia continued to lead to weaker enquiries from听 customers
- Competitively priced inventories originating from China and Southeast Asia continued to enter at competitive prices amidst expansion in capacity and lower intra-Asia freight charges听
- Chinese suppliers were aggressive in offloading existing inventories听 which resulted in听 Chinese suppliers moving their cargoes at lower prices across the broader Asian market
- The return of major听 producer and supplier in Taiwan namely Formosa Chemical to production during mid-July 2025 is likely to have improved supply conditions across the broader Asian market.
