According to data monitoring by Business Society, as of April 24, 2024, the domestic market price of butanone was referenced at 8283 yuan/ton. Compared with April 17, 2024 (reference price of butanone was 8200 yuan/ton), the price increased by 83 yuan/ton, an increase of 1.02%.

Looking back at the mid April period, the domestic butanone market saw a significant increase. After entering late April, the domestic butanone market as a whole continued to move upwards. On the 22nd and 23rd, the domestic butanone market prices continued to adjust upwards, with an adjustment range of about 50-100 yuan/ton. As of the 24th, the domestic market price of butanone is based on around 8150-8500 yuan/ton.

Fundamental analysis

In terms of demand: Currently, the trading atmosphere on the exchange is quiet and mild, with downstream new orders mainly being cautious purchases for first-time needs. The overall support for the butanone market from the demand side is average.

In terms of cost: As April approaches, the carbon tetracarbon market for butanone raw material ether continues to rise, and the support provided by the cost side to butanone gradually strengthens. The overall trend of the butanone market is more obvious with the “original” upward trend.

Supply side: Currently, some butanone factories are executing preliminary orders, and the overall supply pressure on the butanone field is relatively low. The supply side provides certain support to the market situation.

Market analysis of butanone

At present, the butanone factory is mainly supported by cost support and relatively low supply pressure, maintaining a strong operation. However, the overall downstream demand for butanone has generally boosted, and the downstream market is still cautious in purchasing raw materials. Business Society butanone data analysts believe that in the short term, the domestic butanone market will mainly adjust its operation range, and the specific trend still needs to pay more attention to changes in supply and demand news.