n-Butanol Prices Trend | Pricing | Database | Index | News | Chart
North America The North American n-Butanol market faced a bearish trend in the first quarter of 2024, with prices slumping by approximately 18%. This decline was driven by low demand from the downstream construction and automotive sectors in the Asian market. The construction sector's low demand was primarily attributed to the real estate crisis in China and the post-festive slowdown following the Chinese Lunar New Year, which also affected the automotive industry. Additionally, drought conditions in the Panama Canal hindered US suppliers from shipping cargo to the Asian market. Despite Eastman Chemicals, a leading US oxo-alcohol producer, announcing a price hike, this did not translate into increased export prices for n-Butanol. The downturn in China's construction sector, where real estate developers faced liquidity issues and halted construction activities, led to delays and postponements in inventory procurement, further driving the bearish market sentiment. Get R...