According to the Commodity Market Analysis System of Business Society, as of May 15, 2024, the reference price for domestic butanone market was 8816 yuan/ton. Compared with May 1, 2024 (reference price for butanone was 8466 yuan/ton), the price increased by 350 yuan/ton, an increase of 4.13%.

From the commodity market analysis system of Shengyishe, it can be seen that in early May, the domestic butanone market as a whole showed a steady upward trend. Before Labor Day, the butanone market tended to operate in a more organized manner, but after the holiday, the market’s focus continued to shift upwards. As of May 15th, the domestic market price of butanone is based on around 8700-9000 yuan/ton.

Analysis of Factors Influencing the Market of Butanone

In terms of demand: In early May, the downstream demand for butanone remained stable and improved overall. The weather further warmed up, and the terminal market for butanone continued to recover. The enthusiasm for purchasing raw materials increased, and the smooth transmission of demand supported the butanone market to gradually move towards a high level.

In terms of demand: As summer enters, the recovery of the butanone terminal market is boosting, and the replenishment rhythm of downstream users is improving. Coupled with the export of butanone, the overall internal and external demand of the butanone market is performing well, and the demand side provides favorable support to the market.

In terms of cost: After the holiday, some butanone factories have delivered early export orders, and the overall supply side pressure is relatively low. With no pressure on production and sales, the focus of negotiations in the butanone market is constantly moving towards higher levels.

In terms of upstream liquefied gas: In early May, the market price of liquefied gas in Shandong Province first rose and then fell, showing an overall upward trend. On May 14th, the reference price of liquefied gas was 5124 yuan/ton, an increase of 1.43% compared to May 1st (5052 yuan/ton).

Market analysis of butanone

At present, the trading atmosphere on the butanone exchange is mild, and the mentality of the operators is good. However, in the past two days, there has been a loosening of the carbon four market after cost ether, which may have a certain impact on the butanone market. The butanone data analyst of Business Society believes that in the short term, the domestic butanone market will mostly operate with large stability and small fluctuations, and the specific trend still needs to pay more attention to the changes in supply and demand news.