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N-butanol Price Trend and Forecast

UNSPC code: 12159999
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026

n-butanol Price Trends by Country

myMalaysia
zaSouth Africa
beBelgium
inIndia
sgSingapore
idIndonesia
thThailand
usUnited States

Global n-butanol Spot Market Prices, Trend Analysis and Forecast

Price Watchâ„¢ provides real-time price assessments and price forecasts for N-Butanol across top trading regions:

N-Butanol Regional Coverage N-Butanol Grade and Country Coverage N-Butanol Pricing Data Coverage Explanation
Asia-Pacific N-Butanol Pricing Analysis  n-butanol Industrial Grade (99.5% min) FOB Prices at Klang Port, Malaysia Weekly Price Update on N-Butanol Real-Time Export Prices from Klang Port, Malaysia to Global Markets
n-butanol Industrial Grade (99.5% min) CIF Prices at Singapore Port, Singapore. Importing from Malaysia Weekly Price Update on N-Butanol Real-Time Import Prices at Singapore Port, Singapore, from Malaysia
n-butanol Industrial Grade (99.5% min) CIF Prices at Jakarta Port, Indonesia. Importing from Malaysia Weekly Price Update on N-Butanol Real-Time Import Prices at Jakarta Port, Indonesia, from Malaysia
n-butanol Industrial Grade (99.5% min) CIF Prices at Laem Chabang Port, Thailand. Importing from Malaysia Weekly Price Update on N-Butanol Real-Time Import Prices at Laem Chabang Port, Thailand, from Malaysia
n-butanol Industrial Grade (99.5% min) CIF Prices at Nhava Sheva Port, India. Importing from Malaysia Weekly Price Update on N-Butanol Real-Time Import Prices at Nhava Sheva Port, India, from Malaysia
n-butanol Industrial Grade (99.5% min) Ex-Kandla Prices, India Weekly Price Update on N-Butanol Real-Time Domestic Prices of Ex-Kandla, India
n-butanol Industrial Grade (99.5% min) Ex-Kandla (Bulk) Prices, India Weekly Price Update on N-Butanol Real-Time Domestic Prices of Ex-Kandla (Bulk), India
n-butanol Industrial Grade (99.5% min) Ex-Vizag Prices, India Weekly Price Update on N-Butanol Real-Time Domestic Prices of Ex-Vizag, India
North America N-Butanol Pricing Analysis n-butanol Industrial Grade (99.5% min) FOB Prices at Houston Port, USA Weekly Price Update on N-Butanol Real-Time Export Prices from Houston Port, USA to Global Markets
Europe N-Butanol Pricing Analysis n-butanol Industrial Grade (99.8% min) CIF Prices at Antwerp Port, Belgium. Importing from South Africa Weekly Price Update on N-Butanol Real-Time Import Prices at Antwerp Port, Belgium. Importing from South Africa
Africa N-Butanol Pricing Analysis n-butanol Industrial Grade (99.8% min) FOB Prices at Durban Port, South Africa Weekly Price Update on N-Butanol Real-Time Export Prices from Durban Port, South Africa to Global Markets

N-butanol Price Forecasts & Market Foresight Q3 2026

Outlook: Bearish to Strongly Bearish

Confidence: High

N-butanol prices are expected to decline sharply through Q3 2026, driven by softer propylene feedstock costs, ample supply availability, and weak downstream demand from paints, coatings, adhesives, and plasticizer sectors. Asia, particularly China, may witness the steepest correction amid persistent overcapacity, aggressive export pricing to clear inventories, and monsoon-hit construction and automotive demand disrupting consumption.

Europe is likely to see a significant downtrend as sluggish industrial activity outweighs energy-linked cost support, with stabilization unlikely before quarter-end. North America may follow a comparatively milder but still notable decline, supported by relatively steadier industrial offtake. Overall, sentiment remains firmly bearish unless feedstock costs or demand improve unexpectedly.

Global n-butanol Market Overview by Region (July–September 2026)

Country Grade/ Incoterm Outlook
Malaysia IG (99.8% min) FOB Klang Mildly Bearish to Bearish
South Africa IG (99.8% min) FOB Durban Mildly Bearish to Bearish
Belgium IG (99.8% min) CIF Antwerp (South Africa) Mildly Bearish to Bearish
India IG (99.8% min) CIF Nhava Sheva (Malaysia) Mildly Bearish to Bearish
Singapore IG (99.8% min) CIF Singapore (Malaysia) Mildly Bearish to Bearish
Indonesia IG (99.8% min) CIF Jakarta (Malaysia) Mildly Bearish to Bearish
Thailand IG (99.8% min) CIF Laem Chabang (Malaysia) Mildly Bearish to Bearish
India IG (99.5% min) Ex-Kandla Bearish to Strongly Bearish
India IG (99.5% min) Ex-Kandla (Bulk) Strongly Bearish
USA IG (99.8% min) FOB Houston Bearish to Strongly Bearish
India IG (99.5% min) Ex-Vizag Strongly Bearish

*N-butanol Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watchâ„¢ N-butanol Forecast

Access comprehensive N-butanol market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watchâ„¢ N-butanol Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in propylene feedstock costs, energy prices, producer operating rates, plant outages, inventory levels, trade flows, freight rates, regional demand, and geopolitical developments affecting the global N-butanol market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected capacity additions, supply-demand balances, feedstock economics, macroeconomic conditions, industrial production trends, trade policies, seasonal demand patterns, and long-term supply chain developments, supporting procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • Feedstock & production economics
  • Plant operating rates & outages
  • Inventory and supply-demand balance
  • Regional trade flows & freight
  • Import-export dynamics
  • Macroeconomic & geopolitical developments

 

Track N-butanol Supply Disruptions in Real Time

As geopolitical risks continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring plant shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact N-butanol markets.

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n-butanol Price Trend Q2 2026

In Q2 2026, N-Butanol prices increased across major Asian markets and the USA, supported by higher propylene feedstock costs, tightening supply availability, and disrupted raw material logistics linked to broader geopolitical tensions. India recorded the sharpest gains on a domestic basis, while the USA and Malaysia also saw notable increases, and South Africa and Belgium experienced only mild movement. B

uyers across these regions responded with active procurement to secure volumes ahead of further tightening. The N-Butanol Price Chart showed a broadly synchronized upward movement through April and May, with June bringing mixed results, easing in most Asian markets while the USA, South Africa, and Belgium continued edging higher.

The N-Butanol Price Index remained elevated overall, supported by steady consumption from paints, coatings, and plasticizer industries even as freight costs began settling toward quarter end.

Malaysia: (N-butanol export prices FOB Klang, Malaysia; Grade- Industrial Grade (99.5% min)

Malaysia’s N-Butanol market has rallied strongly through Q2 2026, with the N-Butanol Price in Malaysia rising 25.00% against the previous quarter’s average on an FOB basis. Costlier Propylene, the key raw material for N-Butanol production, has combined with geopolitical tensions that have added friction to raw material logistics and kept overall supply availability tight through the quarter.

Manufacturers of paints, coatings, adhesives, and plasticizer producers sourcing from Malaysia have stepped up purchases amid concerns over further shortages and rising input costs. This has kept the N-Butanol Price Trend in Malaysia on an upward path for most of Q2, as exporters and buyers alike have moved to secure material ahead of expected tightening.

Conditions have eased slightly by June, though in June 2026, N-Butanol Prices in Malaysia have declined by 1.00% from May’s average, as improved Propylene availability and calming geopolitical tensions have allowed freight costs to settle and the market to normalise.

South Africa : (N-butanol export prices FOB Durban, South Africa; Grade- Industrial Grade (99.8% min)

South Africa’s N-Butanol market has moved only mildly in Q2 2026, with the N-Butanol Price in South Africa edging up 2.00% against the previous quarter’s average on an FOB basis. Modest increases in Propylene costs have been the primary factor here, with only limited disruption from broader geopolitical tensions affecting regional supply chains.

Manufacturers of paints, coatings, adhesives, and plasticizers sourcing N-Butanol from South Africa have kept procurement fairly measured through the quarter, given the relatively contained price movement compared to other regions. This has kept the N-Butanol Price Trend in South Africa only marginally elevated for most of Q2.

Momentum has picked up somewhat in June, however in June 2026, N-Butanol Prices in South Africa have risen a further 3.00% from May’s average, as steady Propylene costs and firm demand from coatings and adhesive manufacturers have continued to support prices even as conditions elsewhere have started to ease.

USA: (N-butanol export prices FOB Houston, USA; Grade- Industrial Grade (99.5% min)

The USA’s N-Butanol market has seen a sharp rally through Q2 2026, with the N-Butanol Price in USA climbing 43.00% above the previous quarter’s average on an FOB basis. Rising Propylene costs have combined with geopolitical tensions that have disrupted logistics routes and left raw material availability considerably tighter than usual.

US manufacturers of paints, coatings, adhesives, and plasticizers have leaned into early procurement as a result, unwilling to risk falling short of material as supply concerns have built through the quarter. It is this defensive, forward loaded buying that largely explains why the N-Butanol Price Trend in USA has remained elevated across most of Q2.

Momentum has carried into June as well; in June 2026, N-Butanol Prices in USA have risen a further 2.00% from May’s average, as sustained Propylene costs and firm demand from coatings and adhesive producers have continued to support the market.

Belgium (CIF from South Africa): (N-butanol Import prices CIF Antwerp, Belgium; Grade- Industrial Grade (99.8% min)

Belgium’s N-Butanol market has moved only mildly in Q2 2026, with the N-Butanol Price in Belgium edging up 2.00% against the previous quarter’s average on a CIF basis. Modest increases in Propylene costs have been the primary factor here, with only limited disruption from broader geopolitical tensions affecting European supply chains.

Manufacturers of paints, coatings, adhesives, and plasticizers sourcing N-Butanol into Belgium have kept procurement fairly measured through the quarter, given the relatively contained price movement compared to other regions.

This has kept the N-Butanol Price Trend in Belgium only marginally elevated for most of Q2. Momentum has picked up somewhat in June, however, in June 2026, N-Butanol Prices in Belgium have risen a further 2.50% from May’s average, as steady Propylene costs and firm demand from coatings and adhesive manufacturers have continued to support prices even as conditions elsewhere have started to ease.

Singapore (CIF from Malaysia): (N-butanol Import prices CIF Singapore, Singapore; Grade- Industrial Grade (99.5% min)

Singapore’s N-Butanol market has rallied notably through Q2 2026, with the N-Butanol Price in Singapore rising 25.00% against the previous quarter’s average on a CIF basis. Costlier Propylene has combined with geopolitical tensions that have added friction to shipping routes, making cargoes into Singapore harder to schedule and pricier to secure.

Regional manufacturers of paints, coatings, adhesives, and plasticizers have kept procurement active through the quarter, mindful of the risk that availability could tighten further in the months ahead. This sustained demand has been the main factor keeping the N-Butanol Price Trend in Singapore on an upward path for most of Q2.

A shift has come with June, though, in June 2026, N-Butanol Prices in Singapore have eased by 1.50% from May’s average, as calmer geopolitical conditions and steadier Propylene supply have taken some pressure off freight rates and let the market settle.

Indonesia (CIF from Malaysia): (N-butanol Import prices CIF Jakarta, Indonesia; Grade- Industrial Grade (99.5% min)

Indonesia’s N-Butanol market has rallied through Q2 2026. The N-Butanol Price in Indonesia has risen 25.00% against the previous quarter’s average on a CIF basis. Costlier Propylene has combined with geopolitical tensions that have added friction to shipping routes. This has made cargoes into Indonesia harder to schedule and pricier to secure. Regional manufacturers of paints, coatings, adhesives, and plasticizers have kept procurement active throughout the quarter.

They have remained mindful of the risk that availability could tighten further. This sustained demand has kept the N-Butanol Price trend in Indonesia on an upward path for most of Q2. A shift has come with June. In June 2026, N-Butanol Prices in Indonesia have eased by 1.00% from May’s average. Calmer geopolitical conditions and steadier Propylene supply have allowed the market to settle.

Thailand (CIF from Malaysia): (N-butanol Import prices CIF Laem Chabang, Thailand; Grade- Industrial Grade (99.5% min)

Thailand’s N-Butanol market has strengthened through Q2 2026. The N-Butanol Price in Thailand has risen 25.00% against the previous quarter’s average on a CIF basis. Rising Propylene costs have combined with geopolitical tensions that have disrupted shipping routes. This has made cargoes into Thailand harder to schedule and more expensive to secure. Manufacturers of paints, coatings, adhesives, and plasticizers have kept procurement steady throughout the quarter.

They have remained cautious of further tightening in availability. This has kept the N-Butanol Price Trend in Thailand on an upward path for most of Q2. Conditions have shifted by June. In June 2026, N-Butanol Prices in Thailand have eased by 1.00% from May’s average. Calmer geopolitical conditions and improved Propylene supply have allowed freight costs to settle and the market to normalize.

Ex-Kandla: (N-butanol Ex-prices Ex-Kandla, India; Grade- Industrial Grade (99.5% min)

India’s N-Butanol market has surged sharply through Q2 2026. The N-Butanol Price in India has risen 57.00% against the previous quarter’s average on an Ex Kandla-basis. Rising Propylene costs have combined with geopolitical tensions that have disrupted raw material logistics. This has made sourcing slower and costlier for domestic producers.

Manufacturers of paints, coatings, adhesives, and plasticizers have stepped up procurement throughout the quarter. They have moved early to secure material amid growing concerns over supply. This has kept the N-Butanol Price Trend in India firmly upward for most of Q2.

Momentum has continued into June as well. In June 2026, N-Butanol Prices in India have risen a further 1.00% from May’s average. Sustained Propylene costs and firm demand from coatings and adhesive manufacturers have continued to support the market.

n-Butanol Price Trend Analysis: Q1 2026

N-Butanol Price Trend Q1 2026

In Q1 2026, the global N-butanol market saw a generally increasing trend, with prices rising notably compared to Q4 2025, particularly in March 2026. This increase is largely driven by the Iran-Israel conflict, which led to disruptions in global supply chains, pushing up production costs and causing tightness in supply.

FOB Malaysia saw a n butanol price trend increase due to stronger demand from key Asian markets such as Thailand, Singapore, and Indonesia, as industrial activity picked up in these countries, especially in the coatings and plastics sectors. FOB USA also saw an uptick, driven by rising feedstock costs for propylene and the geopolitical tensions, which led to global supply constraints.

However, FOB South Africa experienced a price decrease, primarily due to weaker demand and low purchasing activity in the region, where local industries showed limited procurement. Despite the price increase globally, the overall market sentiment is mixed, with stronger demand in some regions counterbalanced by slower buying in others.

Malaysia: n butanol price trend export prices FOB Klang, Malaysia, Grade- Industrial Grade 99.5% min

In Q1 2026, the n butanol price trend in Malaysia has rebounded solidly, climbing by 8.00% as compared to the previous quarter average on an FOB basis, driven by sharply firming upstream feedstock costs and meaningfully improved downstream demand from coatings, plasticizers, and specialty chemical manufacturing sectors across key international export destinations.

The market has witnessed a decisive resurgence in export procurement activity as supply tightness concerns have re-emerged considerably, pushing n butanol price trend in Malaysia onto a firm upward trajectory throughout the quarter. International buyers have accelerated purchasing urgently to secure forward volumes.

In March 2026, n butanol price trend in Malaysia has advanced further by 8.00% as compared to the previous month average, driven by Middle East war supply disruptions, constrained raw material availability, elevated freight costs, and heightened procurement urgency sustaining strong upward price momentum for N-butanol in Malaysia.

South Africa: n butanol export prices FOB Durban, South Africa; Grade- Industrial Grade 99.8% min

In Q1 2026, the n butanol price trend in South Africa has declined further by 11.00% as compared to the previous quarter average on an FOB basis, reflecting a persistently weak export market environment characterized by continued downstream demand weakness from coatings, plasticizers, and specialty chemical manufacturing sectors and sustained feedstock cost pressures constraining producer margins.

The market has experienced a broadly challenging trading environment as South African producers have struggled against comfortable competing supply availability and subdued international procurement confidence. n butanol prices in South Africa have remained under consistent and significant downward pressure throughout the quarter.

In March 2026, n butanol prices in South Africa has continued declining marginally by 1.00% as compared to the previous month average, reflecting lingering demand weakness and oversupply conditions that have largely offset any Middle East war-related supply disruption support for N-butanol in South Africa.

USA: n butanol export prices FOB Houston, USA; Grade- Industrial Grade 99.5% min

In Q1 2026, the n butanol price trend in the USA has rebounded solidly, climbing by 6.00% as compared to the previous quarter average on an FOB basis, driven by firming upstream feedstock costs and meaningfully improved downstream demand from coatings, plasticizers, and specialty chemical manufacturing sectors across key international export destinations.

The market has witnessed a decisive resurgence in export procurement activity as supply tightness concerns have intensified considerably, pushing n butanol prices in the USA onto a firm upward trajectory throughout the quarter. International buyers have urgently accelerated purchasing to secure forward export volumes.

In March 2026, n butanol prices in the USA has surged sharply by 13.00% as compared to the previous month average, driven by Middle East war supply disruptions, constrained raw material availability, elevated transoceanic freight costs, and heightened procurement urgency amplifying significant short-term price volatility for N-butanol in USA.

Belgium (CIF from South Africa): n butanol Import prices CIF Antwerp, Belgium; Grade- Industrial Grade -99.8% min

In Q1 2026, the n butanol price trend in Belgium has declined further by 9.00% as compared to the previous quarter average on a CIF basis, reflecting a persistently challenging import market environment characterized by continued downstream demand weakness from coatings, plasticizers, and specialty chemical manufacturing sectors alongside sustained oversupply conditions from competing import origins.

The market has experienced a broadly depressed trading environment as Belgian importers have maintained deeply conservative inventory strategies, systematically deferring purchases amid sluggish industrial demand and comfortable import supply availability. n butanol prices in Belgium have remained under consistent and significant downward pressure throughout the quarter.

In March 2026, n butanol prices in Belgium has edged marginally lower by 1.00% as compared to the previous month average, reflecting lingering demand weakness and persistent oversupply conditions that have largely neutralized any Middle East war-related supply disruption support for N-butanol in Belgium.

Singapore (CIF from Malaysia): n butanol Import prices CIF Singapore, Singapore; Grade- Industrial Grade – 99.5% min

In Q1 2026, the n butanol price trend in Singapore has rebounded healthily, advancing by 7.00% as compared to the previous quarter average on a CIF basis, driven by firming import freight costs and meaningfully improved downstream demand from coatings, plasticizers, and specialty chemical manufacturing sectors across key regional consuming industries.

The market has witnessed a decisive resurgence in import procurement activity as supply tightness concerns have re-emerged considerably, pushing n butanol prices in Singapore onto a firm upward trajectory throughout the quarter. Regional importers have accelerated purchasing urgently to secure forward volumes.

In March 2026, n butanol prices in Singapore have advanced further by 7.00% as compared to the previous month average, driven by Middle East war supply disruptions, constrained import availability, elevated CIF freight costs, and sustained procurement urgency reinforcing strong upward price momentum for N-butanol in Singapore.

Indonesia (CIF from Malaysia): n butanol Import prices CIF Jakarta, Indonesia; Grade- Industrial Grade -99.5% min

In Q1 2026, the n butanol price trend in Indonesia has rebounded solidly, climbing by 7.00% as compared to the previous quarter average on a CIF basis, driven by firming import freight costs and meaningfully improved downstream demand from domestic coatings, plasticizers, and specialty chemical manufacturing sectors.

The market has witnessed a decisive resurgence in import procurement activity as supply tightness concerns have re-emerged considerably, pushing N-butanol prices in Indonesia onto a firm upward trajectory throughout the quarter. Indonesian importers have accelerated purchasing urgently to secure forward import volumes.

In March 2026, n butanol price in Indonesia have advanced consistently by 7.00% as compared to the previous month average, driven by Middle East war supply disruptions, constrained import availability, elevated CIF freight costs, and sustained procurement urgency reinforcing strong upward price momentum for N-butanol in Indonesia.

Thailand (CIF from Malaysia): n butanol Import prices CIF Laem Chabang, Thailand; Grade- Industrial Grade -99.5% min

According to Price-Watchâ„¢ , In Q1 2026, the n butanol price trend in Thailand has rebounded strongly, advancing by 8.00% as compared to the previous quarter average on a CIF basis, driven by sharply firming import freight costs and meaningfully improved downstream demand from domestic coatings, plasticizers, and specialty chemical manufacturing sectors.

The market has witnessed a decisive resurgence in import procurement activity as supply tightness concerns have re-emerged considerably, pushing N-butanol prices in Thailand onto a firmly bullish upward trajectory throughout the quarter. Thai importers have urgently accelerated purchasing to secure forward import volumes amid tightening availability.

In March 2026, n butanol prices in Thailand has sustained momentum by advancing 7.00% as compared to the previous month average, driven by Middle East war supply disruptions, constrained import availability, elevated CIF freight costs, and continued procurement urgency reinforcing strong upward price momentum for N-butanol in Thailand.

Ex-Kandla: n butanol Ex-prices Ex-Kandla, India; Grade- Industrial Grade -99.5% min

In Q1 2026, the n butanol price trend in India has recovered moderately, rising by 7.00% as compared to the previous quarter average on an Ex-Kandla basis, driven by gradually firming upstream feedstock costs and meaningfully improving downstream demand from domestic coatings, plasticizers, and specialty chemical manufacturing sectors.

The market has witnessed a notable resurgence in domestic trading activity as supply tightness concerns have re-emerged considerably, pushing n butanol prices in India onto a positive upward trajectory throughout the quarter. Domestic buyers have accelerated purchasing urgently to secure available volumes.

In March 2026, n butanol prices in India has skyrocketed exceptionally by 29.00% as compared to the previous month average, driven by Middle East war supply disruptions, critically constrained import availability, sharply elevated landed costs, and extraordinary procurement urgency generating unprecedented short-term price volatility for n butanol in India.

n-Butanol Price Trend Analysis 2025

N-Butanol Price Trend Q1 2025

In Q1 2025, Malaysia’s N-butanol export prices saw a decrease of 3.54%, reaching USD 841 per metric ton, primarily driven by slower demand in downstream industries such as coatings and adhesives, following the seasonal lull after the festive period. The reduction in prices also stemmed from fluctuations in propylene feedstock costs, which tightened supply chains and impacted production costs.

CIF countries like Thailand, Singapore, and Indonesia, major importers of Malaysian N-butanol, saw relatively stable demand, but overall consumption from these regions remained subdued, reflecting the global trend of cautious spending. Similarly, in South Africa, the price of N-butanol in Q1 2025 dropped by 3.08% to USD 855 per metric ton.

Belgium, the primary importer, experienced a seasonal decline in demand, driven by reduced industrial activity in key sectors like automotive and construction, leading to lower-than-expected consumption. The price decrease was further compounded by the impact of the European winter, which typically slows down production.

Meanwhile, in the USA, N-butanol prices fell sharply by 10.15%, dropping to USD 852 per metric ton, reflecting a significant drop in downstream demand. The U.S. faced an oversupply of N-butanol in the market, exacerbated by reduced activity in the automotive and industrial coatings sectors.

The lack of major disruptions in feedstock prices (propylene) could not fully offset the weaker demand, especially in the face of a post-holiday season downturn. Export challenges to Asia and lower domestic consumption added additional downward pressure to the market. 

In Q1 2025, the price of N-butanol across all markets in India showed a decline compared to the previous quarter. The CIF price dropped by 3.26%, reaching USD 899 per metric ton, influenced by stable demand in downstream sectors like automotive and pharmaceuticals, where consumption slowed due to post-festive seasonality. The Ex-Kandla bulk price decreased by 3.83%, reaching USD 984 per metric ton, a result of reduced import volumes and a slight decrease in feedstock supply from Malaysia.

Retail prices, however, showed a marginal increase of 0.54% in Ex-Kandla, driven by limited retail demand, indicating a sluggish recovery after the festive demand spike. Similarly, Ex-Vizag prices fell by 3.87% due to lower purchasing activity from key domestic consumers and adjustments to supply chain volumes.

Feedstock prices of propylene and other petrochemicals remained stable, impacting the production costs of N-butanol. However, logistical delays and higher freight rates from Malaysia to India contributed to the slight dip in pricing. Overall, market sentiments remained weak due to a low consumption period. 

N-Butanol Price Trend Q2 2025

According to the PriceWatch, N-Butanol prices in Malaysia declined further to 805 USD per MT, reflecting a 4.21% drop from Q1. The price trend remained weak as demand from downstream adhesives and solvents sectors in Thailand and Indonesia continued to face challenges. Seasonal rains across Southeast Asia limited construction activity, reducing demand for coatings.

China’s increased export volumes to the region added further pressure, particularly affecting CIF prices to Singapore. The upstream feedstock propylene market in Malaysia softened, contributing to the decline. Importers from Thailand and Indonesia favored lower-cost Chinese cargoes, reducing reliance on Malaysian supply.

Despite stable operating rates at Malaysian plants, regional oversupply kept prices under pressure. The price trend was bearish as buying interest remained cautious. CIF Singapore prices followed suit, mirroring the Malaysian FOB trend. Q2 remained less favorable compared to Q1, with no major recovery signals in regional demand or cost support from upstream sectors. 

According to the PriceWatch, N-Butanol CIF India prices dropped to 865 USD per MT, down by 3.76 percent from Q1 2025. The price trend weakened further due to seasonally low demand from decorative paint and construction sectors during peak summer.

Malaysia’s export offers softened amid falling upstream propylene costs. Indian importers favored spot deals and limited long-term contracts. Domestic Ex-Kandla prices declined significantly to 924 USD per MT, registering a 6.08 percent drop from Q1.

Market sentiment turned bearish as distributors faced sluggish sales and competitive import alternatives. The gap between CIF and domestic prices narrowed, making imports slightly more attractive. Feedstock propylene prices in Malaysia continued to slide, further weighing down FOB levels.

Traders in India noted that monsoon preparations and lower industrial coatings consumption impacted bulk buying. The price trend highlighted sustained bearishness due to weak demand, upstream softness, and cautious restocking behavior. 

N-Butanol Price Trend Q3 2025

In the third quarter of 2025, the n-butanol market across the globe experienced moderate fluctuations, with pricing moved in the range of 2-6% for the July, August, and September quarter. The pricing volatility was largely dictated by other relatively stable feed stocks, such as propylene and butyric acid, although fluctuations in crude oil pricing and global petrochemical production were also in play.

Continued demand from major downstream sectors (automotive, paint and coatings, and plasticizing) helped to stabilize the balance within n-butanol markets. Although logistical issues and rising freights exert some price pressures, the overall market effects were stripped by stable production and continued capacity expansions by leading regions.

Consequently, the n-butanol market remained healthy, with a moderate n-Butanol price trend and anticipated stability in the following quarter. The outlook is still positive as there is anticipated price support from steady demand for industrial applications and improvements to the supply chain.

Malaysia: N-butanol export prices FOB Klang, Malaysia, Grade- Industrial Grade (99.5% min).

In Q3 of 2025, n-Butanol price in Malaysia fell by 2.05% from Q2 of 2025. The downward n-Butanol price trend in Malaysia was impacted heavily by weaker demand coming from the automotive and industrial markets, which are facing production slowdowns. The demand weakness in larger downstream sectors and oversupply in the region placed downward pressure on prices.

Additionally, the rise in freight rates stressed prices further, enhancing the overall downward pressure. In September of 2025, the price of n-Butanol in Malaysia continued to experience price erosion that reflected weaker price conditions. Going forward, prices are expected to remain under pressure unless demand improves in the key automotive and coatings industries.

South Africa: N-butanol export prices FOB Durban, South Africa, Grade- Industrial Grade (99.8% min).

In South Africa, n-Butanol prices rose by 5.38% in Q3 2025 compared with Q2 2025. n-Butanol price trend in South Africa was supported by an improved demand environment in the automotive and pharmaceutical sectors, which remained consistent from previous quarters, despite significant volatility in the marketplace.

Rising prices in the sector were supported by high prices for feedstocks and shifts in the regional supply chain structure that tightened the supply position. The weakening of the local currency further exacerbated import prices, which sustained movements in the commodity price.

Price movements for n-Butanol in September 2025 in South Africa also continued to trend upward due to strong demand from the automotive and pharmaceutical sectors and the overall regional market. Forecasts for the market indicate that price stability driven by demand could continue if consumption remains unchanged.

USA: N-butanol export prices FOB Houston, USA, Grade- Industrial Grade (99.5% min).

In Q3 2025, the price of n-Butanol in the USA fell by 3.61% relative to Q2 2025. n-Butanol price trend in the USA has been affected by lower demand for n-Butanol in the automotive and construction industries, which are faced with challenges such as slow production recovery and delayed project initiation.

Freight rates are still high, placing additional value pressure with n-Butanol products particularly affected as most n-Butanol is imported. Outgoing demand was sitting relatively steady, but overall demand for n-Butanol from key end-use industries, coupled with weak consumption demand, led to a slight but steady bottom price drop.

n-butanol prices in September 2025 in the USA continued their downward trend, reflecting the ongoing challenges in domestic demand. The potential for prices to stabilize in Q4 remains unpredictable but potentially possible if demand finally improves for key end-use sectors.

Belgium (CIF from South Africa): N-butanol Import prices CIF Antwerp, Belgium, Grade- Industrial Grade (99.8% min).

The prices of n-Butanol in Belgium rose by 4.51% in Q3 2025, compared to Q2 2025, following a similar trend seen in the n-Butanol market in Belgium that was supported by an undisrupted demand from the automotive, pharmaceutical, and coatings sectors of compiled and blended materials, which occurred despite the pressures in the global market.

The rise in n-Butanol price trend was also attributed to increased costs in feedstock, primarily for propylene, coupled with logistical challenges related to transportation increased costs.

The prices of n-Butanol in Belgium during September 2025 again saw continued price increases, rising prices meant that while moving forward prices were expected remain stable with modest fluctuations due to feedstock costs and demand from key markets and sectors. Demand towards the automotive & coatings sector would maintain to be directional.

Singapore (CIF from Malaysia): N-butanol Import prices CIF Singapore, Singapore, Grade- Industrial Grade (99.5% min).

In the third quarter of 2025, the price of n-Butanol in Singapore deterred by 1.87% from the second quarter of 2025. The downward n-Butanol price trend economics in Singapore was largely tied to weakened demand from the automotive and construction sectors that saw decreased production. While the supply chain was still stable for Butanol, rising freight costs continued to weigh down the market.

The lack of robust downstream demand, coupled with oversupply across the region contributed to the price depression. n-butanol prices in Singapore, in September of 2025, remained low, reflecting weak market conditions. Going into the next quarter, prices are expected to remain sluggish unless demand from key downstream areas picks up again.

Indonesia (CIF from Malaysia): N-butanol Import prices CIF Jakarta, Indonesia, Grade- Industrial Grade (99.5% min).

In Q3 2025, n-butanol prices in Indonesia experienced a decline of 1.84% in comparison to Q2 2025. The decrease in n-Butanol price trend in Indonesia was mainly due to a drop in consumption from the automotive and paint industries that resulted in reduced demand for n-butanol. The market was additionally affected by rising freight costs, which caused further eroding of prices in this downward price environment.

Although feedstock was generally stable, the overall weakness of the market and oversupply conferred downward price movement. In September 2025, n-butanol prices continued to follow the downward trend in terms of prices in Indonesia. Q4 2025 is uncertain market environment, but prices are likely to stabilize if consumer demand picks up from previously mentioned end users.

Thailand (CIF from Malaysia): N-butanol Import prices CIF Laem Chabang, Thailand, Grade- Industrial Grade (99.5% min).

In Q3 2025, Thailand witnessed a 1.95% decrease in n-Butanol prices against Q2 2025. Weak demand from key sectors like automotive and construction due to production slowdowns stemming from logistical issues, contributed to the decrease in n-Butanol prices in Thailand.

High freight costs alongside soft demand pressured prices significantly downward. A stable domestic supply chain leak simply due to lowered demand experienced in major drivers within the domestic supply chain contributed prices experiencing softening.

The n-Butanol price trend in September 2025, Thailand, were lower still and continued to trend downward consistently throughout the quarter. The outlook for the market remained cautious, with n-butanol prices possibly continuing to decline unless demand started to rebound in Q4 2025.

Ex-Kandla: N-butanol Ex-prices Ex-Kandla, India, Grade- Industrial Grade (99.5% min).

According to Price-Watch, In Q3 2025, n-Butanol prices at Ex-Kandla increased by 2.92% compared to Q2 2025. n-Butanol price trend in India was supported by strong demand from pharmaceutical and automotive sectors, which saw steady production despite global challenges. The price increase was also driven by higher feedstock costs, particularly for propylene, and rising freight costs.

n-butanol prices in September 2025 at Ex-Kandla continued to rise, reflecting a robust demand environment. The outlook for Q4 2025 suggests that prices may stabilize further as demand from key sectors continues to be strong. Supply chain adjustments and global feedstock fluctuations will likely influence the market moving forward.

N-Butanol Price Trend Q4 2025

In Q4 2025, the global N-butanol market exhibited a broadly bearish performance across regions, with price movements generally declining compared to Q3 2025. Western markets, including the USA, saw a slight drop in prices, primarily driven by reduced demand from the automotive and coatings sectors, which are affected by seasonal slowdowns and a more cautious buying sentiment.

In FOB Malaysia, prices also decreased due to lower industrial consumption in Thailand, Singapore, Indonesia, and India, where market activity is softer as many industries faced overcapacity and reduced production schedules. The South African market showed significant price pressure, as demand from local industries remained weak, limiting purchases.

Although propylene feedstock remained stable, the general global supply-demand imbalance, along with geopolitical factors, kept prices subdued across key markets. Overall, Q4 2025 is characterized by cautious purchasing behaviour and oversupply in many regions, leading to a moderate price decline globally.

Malaysia: (N-butanol export prices FOB Klang, Malaysia; Grade- Industrial Grade (99.5% min)

In Q4 2025, the N-butanol price trend in Malaysia has declined by 5.00% as compared to the previous quarter average on an FOB basis, reflecting a softening export market environment driven by weakening downstream demand from coatings, plasticizers, and specialty chemical consuming sectors alongside easing upstream feedstock cost pressures.

The market has displayed broadly subdued export momentum as Malaysian producers have encountered reduced international procurement activity and comfortable competing supply availability from regional origins. N-butanol prices in Malaysia have faced persistent downward pressure throughout the quarter.

In December 2025, N-butanol prices in Malaysia have edged further down by 1.00% as compared to the previous month average, reflecting continued seasonal demand softening and modest inventory destocking among international buyers, sustaining mild downward pressure on N-butanol prices in Malaysia.

South Africa: (N-butanol export prices FOB Durban, South Africa; Grade- Industrial Grade (99.8% min)

In Q4 2025, the N-butanol price trend in South Africa has fallen steeply by 7.00% as compared to the previous quarter average on an FOB basis, reflecting a significantly softening export market environment driven by sharply weakening downstream demand from coatings, plasticizers, and specialty chemical consuming sectors alongside considerably easing upstream feedstock cost pressures.

The market has displayed markedly weak export momentum as South African producers have encountered substantially reduced international procurement activity and comfortable competing supply availability from alternative origins. N-butanol prices in South Africa have faced persistent and aggressive downward pressure throughout the quarter.

In December 2025, N-butanol prices in South Africa have deteriorated sharply further by 8.00% as compared to the previous month average, reflecting pronounced seasonal demand collapse and aggressive inventory destocking among international buyers, dramatically intensifying downward pressure on N-butanol prices in South Africa.

USA: (N-butanol export prices FOB Houston, USA; Grade- Industrial Grade (99.5% min)

In Q4 2025, the N-butanol price trend in the USA has advanced moderately by 3.00% as compared to the previous quarter average on an FOB basis, driven by gradually firming upstream feedstock cost pressures and steady export demand from key international coatings, plasticizers, and specialty chemical consuming destinations.

The market has displayed cautiously positive export momentum as American producers have maintained consistent international order flows amid moderately tightening domestic supply conditions. N-butanol prices in the USA have held a constructive upward trajectory throughout the quarter.

In December 2025, N-butanol prices in the USA have edged marginally lower by 0.30% as compared to the previous month average, reflecting mild seasonal demand softening and slight inventory adjustments among international buyers, barely tempering positive momentum for N-butanol prices in USA.

Belgium (CIF from South Africa): (N-butanol Import prices CIF Antwerp, Belgium; Grade- Industrial Grade (99.8% min)

In Q4 2025, the N-butanol price trend in Belgium has fallen steeply by 7.00% as compared to the previous quarter average on a CIF basis, reflecting a significantly softening import market environment driven by sharply weakening downstream demand from coatings, plasticizers, and specialty chemical manufacturing sectors alongside considerably easing landed cost pressures from key supplying origins.

The market has displayed markedly subdued buying momentum as Belgian importers have maintained highly conservative procurement strategies amid comfortable competing import supply availability from multiple origins. N-butanol prices in Belgium have faced persistent and aggressive downward pressure throughout the quarter.

In December 2025, N-butanol prices in Belgium have deteriorated further by 7.00% as compared to the previous month average, reflecting pronounced seasonal demand collapse and aggressive inventory destocking among downstream manufacturers, dramatically intensifying downward pressure on N-butanol prices in Belgium.

Singapore (CIF from Malaysia): (N-butanol Import prices CIF Singapore, Singapore; Grade- Industrial Grade (99.5% min)

In Q4 2025, the N-butanol price trend in Singapore has declined by 5.00% as compared to the previous quarter average on a CIF basis, reflecting a softening import market environment driven by weakening downstream demand from coatings, plasticizers, and specialty chemical consuming sectors alongside easing landed cost pressures from key supplying origins.

The market has displayed broadly subdued buying momentum as Singaporean importers have maintained conservative procurement strategies amid comfortable competing import supply availability from regional origins. N-butanol prices in Singapore have faced persistent downward pressure throughout the quarter.

In December 2025, N-butanol prices in Singapore have edged further down by 1.00% as compared to the previous month average, reflecting continued seasonal demand softening and modest inventory destocking among downstream buyers, sustaining mild downward pressure on N-butanol prices in Singapore.

Indonesia (CIF from Malaysia): (N-butanol Import prices CIF Jakarta, Indonesia; Grade- Industrial Grade (99.5% min)

In Q4 2025, the N-butanol price trend in Indonesia has declined by 6.00% as compared to the previous quarter average on a CIF basis, reflecting a considerably softening import market environment driven by weakening downstream demand from coatings, plasticizers, and specialty chemical consuming sectors alongside easing landed cost pressures from key supplying origins.

The market has displayed broadly subdued buying momentum as Indonesian importers have maintained conservative procurement strategies amid comfortable competing import supply availability from regional origins. N-butanol prices in Indonesia have faced persistent and notable downward pressure throughout the quarter.

In December 2025, N-butanol prices in Indonesia have edged further down by 1.00% as compared to the previous month average, reflecting continued seasonal demand softening and deliberate inventory destocking among downstream buyers, sustaining mild downward pressure on N-butanol prices in Indonesia.

Thailand (CIF from Malaysia): (N-butanol Import prices CIF Laem Chabang, Thailand; Grade- Industrial Grade (99.5% min)

In Q4 2025, the N-butanol price trend in Thailand has declined by 5.00% as compared to the previous quarter average on a CIF basis, reflecting a softening import market environment driven by weakening downstream demand from coatings, plasticizers, and specialty chemical consuming sectors alongside easing landed cost pressures from key supplying origins.

The market has displayed broadly subdued buying momentum as Thai importers have maintained conservative procurement strategies amid comfortable competing import supply availability from regional origins. N-butanol prices in Thailand have faced consistent downward pressure throughout the quarter.

In December 2025, N-butanol prices in Thailand have edged further down by 1.00% as compared to the previous month average, reflecting continued seasonal demand softening and modest inventory destocking among downstream buyers, sustaining mild downward pressure on N-butanol prices in Thailand.

Ex-Kandla: (N-butanol Ex-prices Ex-Kandla, India; Grade- Industrial Grade (99.5% min)

In Q4 2025, the N-butanol price trend in India has declined by 2.00% as compared to the previous quarter average on an Ex-Kandla basis, reflecting a softening domestic market environment driven by weakening downstream demand from coatings, plasticizers, and specialty chemical consuming sectors alongside easing upstream feedstock cost pressures.

The market has displayed subdued buying momentum as domestic traders and distributors have maintained conservative procurement strategies amid comfortable domestic supply availability. N-butanol prices in India have faced mild yet consistent downward pressure throughout the quarter.

In December 2025, N-butanol prices in India have retreated further by 3.00% as compared to the previous month average, reflecting pronounced seasonal demand deceleration and deliberate inventory destocking among downstream buyers, intensifying downward pressure on N-butanol prices in India.

N-Butanol Price Trend Q1 2024

In Q1 2024, Malaysia’s N-butanol export prices rose by 1.97%, reaching USD 898 per metric ton. This slight increase was largely attributed to a seasonal uptick in demand following the festive period, with key CIF countries like Thailand, Singapore, and Indonesia showing moderate recovery in demand. The coating and adhesives industries, which saw some rebound post-holiday, contributed to this price rise.

Propylene feedstock prices remained stable, helping to support production costs. In South Africa, Belgium experienced a modest price increase of 1.46%, reaching USD 881 per metric ton. This minor uptick was driven by a slight recovery in demand from the European coatings and automotive sectors, although the overall demand remained soft compared to the mid-year peak. The stability in feedstock costs and a moderate recovery in industrial activity helped Belgium maintain stable imports.

Meanwhile, in the USA, the N-butanol market faced a 2.53% decline in prices, with the price falling to USD 890 per metric ton. This decrease was mainly due to reduced demand in the automotive and coatings sectors, which typically slowed down in the first quarter of the year. The dip in feedstock costs, particularly for propylene, also contributed to the lower production costs but could not fully offset the reduced demand, resulting in the overall price decrease. 

In Q1 2024, N-butanol prices across India saw a moderate increase compared to Q4 2023. The CIF price rose by 4.14%, to USD 959 per metric ton, reflecting a mild rebound in demand from the downstream automotive and pharmaceutical sectors after the slower year-end period. The Ex-Kandla (Bulk) price rose by 11.26%, reaching USD 1231 per metric ton, driven by a slight pick-up in bulk consumption, particularly from industrial and chemical sectors.

The Ex-Kandla (Retail) price also saw a significant increase of 19.71%, reaching USD 1336 per metric ton, driven by improved demand in the retail market post-festivals. Retail buyers replenished inventories at higher rates to meet the early-year demand surge. Ex-Vizag prices rose by 11.57%, reaching USD 1201 per metric ton, as regional demand from Andhra Petrochem’s customers picked up, particularly from sectors like automotive and construction.

Feedstock prices for N-butanol rose slightly due to the increased global demand for petrochemicals, further supporting the price increase. The price uptick was also aided by logistical improvements following the end of transportation disruptions during the festive season. 

N-Butanol Price Trend Q2 2024

In Q2 2024, Malaysia’s N-butanol export prices surged by 7.85%, reaching USD 968 per metric ton, largely driven by a strong uptick in demand from the coatings and adhesives industries, as well as from CIF countries like Thailand, Singapore, and Indonesia. The mid-year recovery in manufacturing activities across Southeast Asia supported this price rise, particularly in the automotive sector.

The feedstock market also showed a tightening of supply, as propylene prices rose, adding pressure to production costs. Despite the price increase, Malaysia continued to maintain its competitive position within the region, benefiting from stable export markets and rising demand. South Africa’s N-butanol prices saw a notable increase of 11.58%, reaching USD 983 per metric ton, driven by stronger demand from the European coatings and automotive industries.

The mid-year period, characterized by seasonal demand in the construction and coatings sectors, supported the price rise, with the European summer fueling industrial activity. The rise in propylene prices further contributed to the increased production costs, pushing up the overall price of N-butanol. Belgium, as the major importer, saw the benefits of these rising prices, while maintaining steady import levels.

The USA also experienced a 4.28% price increase, with N-butanol prices climbing to USD 928 per metric ton. This was mainly driven by increased demand from the automotive, coating, and construction sectors, which saw positive growth during the warmer months. Additionally, the stabilization of feedstock prices and improved export demand from Latin American and Asian markets helped support the price rise in the U.S. 

Q2 2024 witnessed a significant upward movement in N-butanol prices across India, reflecting stronger demand following the festive season and the initial recovery in the automotive and construction sectors. The CIF price increased by 10.27%, reaching USD 1057 per metric ton. This rise was driven by a strong rise in demand, particularly from the coating and paints sectors, as well as some replenishment of stocks in preparation for peak manufacturing months.

The Ex-Kandla (Bulk) price decreased slightly by 1.31%, closing at USD 1214 per metric ton, impacted by oversupply in the bulk segment and sluggish demand from industrial buyers. However, Ex-Kandla (Retail) saw a remarkable 19.71% increase, reaching USD 1336 per metric ton, driven by higher consumption from retail sectors due to improved end-user demand. The Ex-Vizag (Andhra Petrochem) price also saw an increase of 11.57%, reaching USD 1201 per metric ton, supported by strong consumption from regional players.

The feedstock market remained relatively stable, with slight upward pressure from global propylene prices, but this was not enough to offset the stronger demand driving prices up. The market enjoyed a brief boom due to post-holiday demand. 

N-Butanol Price Trend Q3 2024

In Q3 2024, Malaysia’s N-butanol export prices rose by 3.50%, reaching USD 1002 per metric ton, marking a recovery from the previous quarter’s dip. This uptick was driven by an increase in demand from downstream industries, particularly in coatings and adhesives, as the post-summer season led to a rebound in manufacturing activities.

Demand from key CIF countries like Thailand, Singapore, and Indonesia also showed improvement, particularly as these markets geared up for higher consumption during the latter part of the year. The stabilization of feedstock prices for propylene further supported production, allowing Malaysia to increase its export prices. In South Africa, Belgium’s N-butanol prices saw a slight decline of 2.22%, falling to USD 961 per metric ton. This drop was mainly attributed to lower demand in the automotive and construction sectors, where growth in manufacturing activity slowed after the mid-year peak.

However, Belgium maintained relatively stable import levels due to ongoing demand from the chemicals and coatings industries. The feedstock cost for propylene remained stable, but the decline in demand from major European industrial players contributed to the minor price fall. Meanwhile, in the USA, N-butanol prices rose by 4.52%, reaching USD 970 per metric ton.

The U.S. market experienced an uptick in demand, particularly from the automotive and industrial coatings sectors, which boosted overall consumption. The price increase was also supported by strong export demand from Latin America and parts of Asia, alongside the relatively stable feedstock prices for propylene, which helped maintain production margins. 

In Q3 2024, N-butanol prices showed a minor decline across India. The CIF price fell by 1.59%, to USD 1074 per metric ton. The dip was driven by stable import volumes from Malaysia, coupled with an easing in demand from downstream industries such as coatings and adhesives. Ex-Kandla (Bulk) decreased by 1.75%, reaching USD 1193 per metric ton, while the retail segment faced a slight uptick of 0.70%, closing at USD 1309 per metric ton.

Retail prices were bolstered by some restocking activities ahead of the festive season, though the increase was moderate. Ex-Vizag saw a reduction of 1.71%, bringing the price to USD 1162 per metric ton. Like other markets, Ex-Vizag pricing was impacted by fluctuating demand from the downstream sectors and the ongoing adjustments in inventory management.

The feedstock situation remained stable, with minimal fluctuations in prices of key inputs like propylene, which helped stabilize production costs for N-butanol. The market generally showed signs of stability as industries awaited the end of the monsoon season and the potential for demand recovery. 

N-Butanol Price Trend Q4 2024

In Q4 2024, Malaysia’s N-butanol export prices fell by a steep 13.03%, settling at USD 872 per metric ton, driven by a significant drop in demand from downstream industries like automotive and construction, which typically slow down during the holiday season. This decline also reflected a broader supply-demand imbalance, as an oversupply of propylene, a key feedstock, led to lower production costs, but demand remained lackluster across key markets like Thailand, Singapore, and Indonesia.

The reduced demand from CIF countries coupled with a reduction in exports to Southeast Asia and beyond placed further downward pressure on prices. Similarly, in South Africa, Belgium saw an 8.20% price drop, with N-butanol prices falling to USD 882 per metric ton. This decrease was attributed to weaker demand from the construction and coatings sectors, as European countries traditionally slow down manufacturing and industrial activities towards the end of the year.

Additionally, the dip in energy prices, particularly crude oil and natural gas, helped stabilize feedstock costs but could not prevent the overall downturn in demand. In the USA, the N-butanol market showed a more moderate decrease of 2.30%, with prices settling at USD 948 per metric ton.

While the U.S. market did face a slight dip in demand from the coatings and automotive sectors, the drop was much smaller compared to Malaysia and South Africa. This relative resilience in the U.S. was supported by consistent feedstock prices and moderate demand, despite the seasonal slowdown. 

Q4 2024 marked a sharp drop in N-butanol prices across all markets in India. The CIF price decreased by 13.47%, settling at USD 929 per metric ton. This drop was mainly attributed to seasonal factors, as post-Diwali demand weakened, and higher-than-expected stock levels reduced immediate import requirements.

The Ex-Kandla (Bulk) price also dropped by 14.27%, to USD 1023 per metric ton, reflecting both a seasonal decline in bulk demand from industrial sectors and weaker supply chain activity. In Ex-Kandla retail, the drop was less severe, standing at -14.61%, with prices falling to USD 1118 per metric ton.

The retail market was more insulated from drastic fluctuations but still felt the impact of lower consumption from small and medium enterprises. Ex-Vizag prices also took a significant hit, decreasing by 14.64% to USD 992 per metric ton.

This was largely due to the reduction in Andhra Petrochem’s output and the overstock during the preceding months. The feed stock market saw slight fluctuations, but the overall trend was towards lower prices due to slack demand in the chemical and solvent sectors. 

Technical Specifications of N-butanol Price Trends

Product Description

n-Butanol is a versatile primary alcohol produced from propylene and syngas through the oxo process. It is widely used as a solvent in paints, coatings, adhesives, and plasticizers, offering improved drying times and film formation. As a key intermediate, it is crucial in the production of butyl acrylates, butyl acetates, and synthetic rubber. Additionally, it serves in fragrances, food and beverage formulations, and pharmaceutical products. Bio-based n-Butanol is gaining traction due to the increasing demand for sustainable chemical alternatives, making it a critical component across industries like automotive, packaging, and consumer goods.

Identifiers and Classification:

  • CAS No – 71-36-3
  • HS Code – 29051300
  • Molecular Formula – C4H10O
  • Molecular Weight (in gm/mol) – 74.12


n-butanol Synonyms:

  • Butan-1-ol
  • Butyl Alcohol
  • 1-hydroxybutane
  • Propylcarbinol


n-butanol Grades Specific Price Assessment:

  • Industrial Grade (99.5% min)
  • Industrial Grade (99.8% min)


n-butanol Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 25-28 MT, 10-15 MT
  • Packaging Type (Product & Country Specific): ISO Tank, Drum


Incoterms Referenced in n-butanol Price Reporting

Shipping Term  Location  Definition 
FOB Klang  Klang, Malaysia  n-butanol Export price from Malaysia 
FOB Durban  Durban, South Africa  n-butanol Export price from South Africa 
FOB Houston  Houston, USA  n-butanol Export price from USA 
CIF Antwerp (South Africa)  Antwerp, Belgium  n-butanol import price in Belgium from South Africa 
CIF Nhava Sheva (Malaysia)  Nhava Sheva, India  n-butanol import price in India from Malaysia 
CIF Singapore (Malaysia)  Singapore, Singapore   n-butanol import price in Singapore from Malaysia 
CIF Jakarta (Malaysia)  Jakarta, Indonesia  n-butanol import price in Indonesia from Malaysia 
CIF Laem Chabang (Malaysia)  Laem Chabang, Thailand  n-butanol import price in Thailand from Malaysia 
Ex-Kandla  Kandla, India   Domestically Traded n-butanol price in Kandla 
Ex-Vizag  Vizag, India   Domestically Traded n-butanol price in Vizag 

*Quotation Terms refers to the quantity range specified for the n-butanol being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for n-butanol packing, ease of handling, transportation, and storage in industrial and commercial applications.


Key n-butanol Manufacturers

Manufacturer 
PETRONAS Chemicals Group Berhad 
SASOL 
BPCL 
Andhra Petrochemicals Ltd 
Eastman  
DOW 

N-butanol Industrial Applications

N-Butanol Market Share End Use

Historically, several events have caused significant fluctuations in N-butanol prices

Russia-Ukraine Conflict (2022-Present):  

  • Supply Chain Disruptions: The conflict has impacted the supply chains for raw materials and energy sources, causing delays and shortages that drive up production costs for n-Butanol. 
  • Energy Prices: Increased volatility in oil and gas prices resulting from the conflict has directly affected the production costs of n-Butanol, as energy is a key input in its manufacturing. 
  • Market Uncertainty: The geopolitical tensions have created uncertainty in global markets, leading to speculative trading and fluctuating prices as companies adjust to the evolving situation. 
  • Export Restrictions: Sanctions and trade restrictions imposed on Russia and Ukraine have further strained supply chains, affecting the availability of key feedstocks and raising prices. 

COVID-19 Pandemic (2020):  

  • Disruption of Supply Chains: Lockdowns and restrictions led to factory closures and transportation delays, disrupting the supply chains for raw materials and finished products, which affected n-Butanol availability. 
  • Demand Shifts: The pandemic altered demand dynamics, with increased needs in specific sectors such as pharmaceuticals, sanitizers, and packaging materials, while demand from industries like automotive and textiles declined sharply. 
  • Production Halts: Many manufacturers scaled back or halted production during peak lockdown periods, leading to temporary shortages in the market, which contributed to price volatility. 
  • Economic Uncertainty: The overall economic instability during the pandemic created uncertainty in the market, causing fluctuations in pricing as companies adjusted their production and inventory strategies. 
  • Increased Production Costs: The pandemic also increased operating costs due to health and safety measures, logistical challenges, and rising energy prices. These higher production costs contributed to fluctuations in n-butanol prices. 

Geopolitical Tensions (2018-2019):  

  • Trade Wars: Ongoing trade disputes, particularly between major economies like the U.S. and China, created uncertainty in the market. Tariffs on chemicals and raw materials affected production costs and availability, leading to price volatility.  
  • Market Speculation: Heightened geopolitical risks triggered speculative trading behaviour in commodity markets, causing prices to swing as traders react to news and developments. 

These events underscore the n-Butanol market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Why Price Watchâ„¢?

Price Watchâ„¢ is your trusted resource for tracking global n-butanol price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the n-butanol market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, Price Watchâ„¢ keeps you fully informed of market dynamics.

In addition, Price Watch™ provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With Price Watch™, you gain a competitive edge in understanding all the elements that influence n-butanol prices worldwide. Stay ahead of the curve with Price Watch’s™ reliable, accurate, and timely n-butanol market data.

Track Price Watch'sâ„¢ n-butanol price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

N-butanol Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

N-butanol is a colourless, flammable alcohol used primarily as a solvent in paints, coatings, plastics, and in the production of butyl esters. The price of N-butanol matters because it influences the manufacturing cost of a wide range of products in industries like paints, adhesives, plastics, and pharmaceuticals.
Fluctuations in its price can directly affect the cost structure of these industries, impacting both production costs and the pricing of end-products.

N-butanol prices vary by region and market conditions. Prices are typically quoted per metric ton and can fluctuate due to feedstock availability, supply-demand dynamics, and global market conditions. Price Watchâ„¢ provides real-time price assessments across global markets to help buyers and sellers make informed decisions.

The market for N-butanol is influenced by several factors, including raw material costs (primarily propylene), energy prices, and demand from downstream industries such as coatings, adhesives, and plastics. Other factors such as supply chain issues, geopolitical events, and logistics disruptions can also affect prices.
When propylene prices rise, N-butanol prices tend to follow. Additionally, if downstream industries experience higher demand, N-butanol prices are likely to increase.

The largest consumers of N-butanol are industries involved in coatings and paints, adhesives, plastics, and personal care products. It is used extensively as a solvent in the production of butyl esters, which are essential in the production of synthetic rubber, and in pharmaceuticals to produce esters used in medications.

N-butanol is primarily produced through the hydration of propylene, a byproduct of petroleum refining or through fermentation processes using sugars or starches. Large-scale production occurs in petrochemical hubs like North America, Europe, and Asia, where propylene production is integrated with N-butanol manufacturing.

The largest exporters of N-butanol include countries with large-scale petrochemical industries, such as the United States, Malaysia, and South Africa. These countries dominate the global N-butanol market due to their robust chemical manufacturing sectors and access to inexpensive propylene as a feedstock.
Price Watchâ„¢ tracks production levels, export flows and trade patterns to help businesses understand global supply chains and identify sourcing opportunities.

Currently, there is enough production capacity to meet global demand for N-butanol, although regional imbalances may occur due to feedstock availability, plant outages, or sudden demand surges.
Major producers in North America, Asia, and Europe generally adjust production levels to align with market needs, though short-term shortages can arise during peak demand periods. Price Watchâ„¢ monitors these supply-demand imbalances to alert the market about potential shortages or surpluses.

N-butanol is available in industrial and pharmaceutical grades, with the primary difference being the level of purity. Industrial-grade N-butanol is commonly used in the production of plastics and paints and typically meets a purity of around 99%. Pharmaceutical-grade N-butanol, with a higher purity level (99.5% or more), is used in drug manufacturing.
Prices differ because higher-purity grades require stricter quality control processes and often come with more regulatory requirements, commanding a premium. Price Watchâ„¢ provides separate price assessments for different delivery bases and contract types to ensure market transparency.

When demand for N-butanol increases suddenly, typically due to a surge in industries like paints, adhesives, or plastics, prices usually rise. If production capacity cannot scale quickly or feedstock availability is limited, supply becomes tighter, pushing prices higher.
In the case of sustained high demand, producers may ramp up production, but this adjustment takes time and may require investment in additional capacity. Price Watchâ„¢ captures these market dynamics in real-time.

Energy prices significantly affect the production cost of N-butanol since its manufacturing process is energy-intensive. An increase in energy prices, particularly natural gas and electricity, leads to higher operational costs at production plants.
These added costs are often passed on to consumers, leading to higher N-butanol prices. Additionally, fluctuations in energy prices can affect feedstock costs, further influencing N-butanol pricing. Price Watchâ„¢ analyzes these relationships in its price assessments & market reports.

Regional price differences for N-butanol are influenced by factors such as local production capacity, feedstock availability, transportation costs, and regional demand. Areas with robust propylene production and advanced chemical manufacturing capabilities, such as North America and Asia, typically have lower prices due to lower operational and logistics costs.
Conversely, regions relying on imports may face higher prices due to shipping and tariffs. Price Watchâ„¢ tracks prices across all major regions to highlight these differences.

The forecast for N-butanol prices suggests moderate price growth in the medium term, driven by steady demand from key sectors like coatings, adhesives, and plastics. Volatility in feedstock prices, especially propylene, and energy costs will be key factors influencing price movement. Additionally, geopolitical tensions and supply chain disruptions may introduce occasional price fluctuations.
The market is expected to remain relatively stable with minor fluctuations depending on regional supply and demand dynamics. Price Watchâ„¢ regularly publishes detailed forecasts that project price movements for the next 12 months based on comprehensive analysis of supply additions, demand growth in key industries, seasonal patterns, and macroeconomic indicators. Our forecasts help businesses anticipate market conditions and plan accordingly.

Yes, accurate price forecasts can help businesses make informed purchasing decisions, negotiate contracts, and optimize inventory management. By understanding market trends, companies can better prepare for price increases, lock in long-term contracts, and budget more effectively.
If Price Watchâ„¢ forecasts a price increase, businesses may choose to purchase in bulk or secure long-term contracts at current prices.

Global events such as natural disasters, geopolitical tensions, or supply chain disruptions can significantly impact N-butanol pricing and availability. For example, disruptions in propylene supply, transportation issues, or crises in major production regions can lead to price hikes or supply shortages. Similarly, political unrest, like conflicts in the Middle East, can influence energy costs, leading to ripple effects on the cost of N-butanol. Price Watchâ„¢ provides timely alerts when such events affect the market.

Price Watchâ„¢ collects data from manufacturers, distributors, and buyers worldwide to publish regular price assessments, market reports, and forecasts. Our transparent methodology and comprehensive coverage make us a trusted source for understanding fair pricing and market trends in the n-butanol industry, covering industrial-grade specifications across multiple delivery bases and regional markets.

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