Improved supply-side dynamics and a persistent drop in downstream demand were the main drivers of the Chinese n-Butanol market&#xx;s downward trajectory after the Labor Day holidays in early May xxxx. According to market sources, n-Butanol suppliers were concentrating more on keeping inventory levels low in the face of slow offtakes in the larger Asian market. Operating rates at n-Butanol production facilities across China rose by approximately x.xx by mid-May, enhancing spot availability and contributing to the oversupplied conditions in the domestic market.
The demand outlook remained weak, with initial softness observed in the paint and coatings segment, subsequently extending to the plasticizers sector. This was mostly caused by China&#xx;s construction industry&#xx;s ongoing poor performance, which led to a nearly x.xx drop in n-Butanol prices by mid-May xxxx. Shortly after the holidays, n-Butanol producers and distributors in Shandong, a significant...
