According to data monitoring by Business Society, as of July 25, 2023, the domestic market price of butanone was referenced at 7400 yuan/ton. Compared with July 17, 2023 (reference price of butanone was 7333 yuan/ton), the price increased by 67 yuan/ton, an increase of 0.91%.

From the data monitoring chart of Business Society, it can be seen that since July (7.1-7.25), the overall market situation of domestic butanone has shown a “first decline and then rise” trend. In early July, the overall butanone market continued to decline, with insufficient downstream demand. New orders for butanone were sold lightly, and shipments were slowly affected. Some factories and suppliers started actively shipping and adjusted butanone prices downwards. In the early stage, the cumulative decrease was about 200 yuan/ton, a decrease of 1.82%.

In late July, the butanone market experienced a rebound. In some regions of China, butanone plants were shut down for maintenance, on-site supply was reduced, and spot circulation was tight. The supply side pressure was relatively low, providing support for the upward trend of the butanone market. In addition, the upward trend of the crude oil and liquefied gas industry chain also gave confidence to the butanone industry. Some butanone factories and suppliers increased the price of butanone, with a cumulative increase of around 200 to 400 yuan/ton in late July. As of July 25th, the domestic market price of butanone was around 7300-7800 yuan/ton, with a 2.78% increase in the latter half of the year.

Analysis of the aftermarket of butanone

At present, the trading atmosphere on the market for butanone is light, with downstream purchases mainly returning to on-demand procurement. The wait-and-see sentiment on the market is gradually rising, and the overall pace of butanone shipment is average. The overall supply and demand show a slight stalemate. According to the butanone data analyst of the Business Society, in the short term, the domestic butanone market will mainly adjust and operate in a narrow range, and the specific trend still needs to pay more attention to changes in news on the supply and demand side.