According to data monitoring by Business Society, as of August 7, 2023, the domestic market price of butanone was set at 7933 yuan/ton. Compared with August 1, 2023 (reference price of butanone was 7866 yuan/ton), the price increased by 67 yuan/ton, an increase of 0.85%.

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%.

From the data monitoring chart of Business Society, it can be seen that since August (8.1-8.07), the overall market situation of domestic butanone has shown a slight upward trend. At the beginning of August, the overall market for carbon tetrachloride (C4) in the ether end of butanone raw material increased, and the cost of butanone was supported by the raw material end. The overall butanone market rose slightly, with an increase of around 100 yuan/ton. At present, the overall performance of downstream demand for butanone is average, and the boost provided by the demand side for butanone is limited. As of August 7th, the domestic market price of butanone is around 7600-8400 yuan/ton.

Analysis of the aftermarket of butanone

At present, the trading atmosphere of butanone on the market is relatively light, and downstream demand is cautious. New orders on the market are generally traded, and the butanone data analyst at the Business Society believes that in the short term, the overall range of the domestic butanone market is mainly adjusted and operated within a narrow range. The specific trend still needs to pay more attention to changes in news on the supply and demand side.

1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the market price of isopropanol has increased this week. At the beginning of the week, the average price of isopropanol in China was 7460 yuan/ton, while the average price over the weekend was 7700 yuan/ton. During the week, the price increased by 3.22%.

The market price of isopropanol has increased this week. At present, the market situation is still acceptable. The upstream acetone market has seen a high price decline, while propylene prices have slightly decreased, resulting in weak cost support. Downstream procurement tends to be cautious, with on-demand orders being the main focus, and many businesses maintaining a wait-and-see attitude. Overall, the market is relatively stagnant. As of now, the majority of quotations for isopropanol in the Shandong region are around 7000-7400 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 7600-8000 yuan/ton.

In terms of raw acetone, the upstream acetone market price fell this week. At the beginning of the week, the average price of acetone was 6987.5 yuan/ton, while at the weekend, the average price was 68505 yuan/ton. The price was reduced by 1.97%. This week, downstream demand for acetone was average, and the market atmosphere was relatively weak, resulting in a decline in prices.

In terms of propylene, according to the Commodity Market Analysis System of the Business Society, the domestic propylene (Shandong) market fell first and then rose this week. The average price of the Shandong market at the beginning of the week was 6738.25 yuan/ton, and the average price on Sunday was 6645.75 yuan/ton. The price was reduced by 1.37%. The trading atmosphere in the market this week was relatively light, and downstream procurement enthusiasm was average. The atmosphere improved over the weekend. It is expected that the propylene market will shake in the short term.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the price of raw acetone is declining, while the propylene market first falls and then rises. The overall cost support is weak, but manufacturers are interested in raising prices and the market is more wait-and-see. It is expected that the isopropanol market may experience a slight decline in the short term.

According to the Commodity Analysis System of the Business Society, the domestic sulfuric acid market prices fell significantly in July. The market price of sulfuric acid dropped from 192.00 yuan/ton at the beginning of the month to 160.00 yuan/ton at the end of the month, a decrease of 16.67%. The price at the end of the month decreased by 76.54% year-on-year.

From the supply side perspective, the prices of mainstream domestic sulfuric acid manufacturers have decreased slightly this month, and the inventory of manufacturers is relatively low.

Cost side: Sulfur market rises first and then falls

The factory price of sulfur rose first and then fell in July. The price of sulfur first increased from 713.33 yuan/ton at the beginning of the month to 876.67 yuan/ton on July 20th, an increase of 22.90%, and then dropped to 846.67 yuan/ton at the end of the month, a decrease of 3.42%. The price at the end of the month decreased by 9.93% year-on-year. Overall, the sulfur market has significantly increased, with good cost support, which has a positive impact on the price of sulfuric acid.

On the demand side: The market for hydrofluoric acid has slightly declined

The hydrofluoric acid market slightly declined in July. The price dropped from 9657.14 yuan/ton at the beginning of the month to 9566.67 yuan/ton at the end of the month, a decrease of 0.94%. At the end of the month, prices fell by 10.59% year-on-year. In July, the titanium dioxide market first fell and then rose. The price of titanium dioxide dropped from 16133.33 yuan/ton at the beginning of the month to 15516.67 yuan/ton on July 14, a decrease of 3.82%. It then rose to 16000.00 yuan/ton at the end of the month, an increase of 3.11%. In early July, the overall price of titanium dioxide decreased by 0.83%. At the end of the month, prices fell by 15.19% year-on-year. Overall, the downstream market of sulfuric acid has slightly declined, and downstream manufacturers have weak enthusiasm for purchasing sulfuric acid.

Looking at the future market: In mid to early August, the domestic sulfuric acid market may experience a slight fluctuation and decline, with consolidation being the main trend. The downstream market for hydrofluoric acid and titanium dioxide has slightly declined, and downstream enthusiasm for purchasing sulfuric acid has weakened. Upstream sulfur prices have a downward trend at the end of the month, with average cost support. Business Society sulfuric acid analysts believe that in the short term, the sulfuric acid market may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials, with consolidation being the main focus.

According to the commodity analysis system of the business community, the market price of Isobutyraldehyde rose sharply in July. The market price of Isobutyraldehyde rose from 7000.00 yuan/ton at the beginning of the month to 7666.67 yuan/ton at the end of the month, up 9.52%. At the end of the month, prices increased by 5.50% year-on-year. On July 30, the Isobutyraldehyde commodity index was 38.75, unchanged from yesterday, down 63.30% from the cycle’s highest point of 105.58 (2021-09-16), and up 28.65% from the lowest point of 30.12 on October 7, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

From the supply side, the price of domestic mainstream Isobutyraldehyde manufacturers rose sharply in July, and the inventory of manufacturers was average.

Upstream support is good, while downstream demand is average

From the cost side, the upstream propylene market of Isobutyraldehyde rose sharply in July. The price of propylene increased from 6518.25 yuan/ton at the beginning of the month to 6738.25 yuan/ton at the end of the month, an increase of 3.38%. At the end of the month, prices decreased by 7.93% year-on-year. The rising cost is well supported, which has a positive impact on the price of Isobutyraldehyde.

From the demand side, the downstream Neopentyl glycol market fluctuated and fell in July. The market price of Neopentyl glycol dropped from 9500.00 yuan/ton at the beginning of the month to 9350.00 yuan/ton at the end of the month, a decrease of 1.58%. The price at the end of the month decreased by 15.51% year-on-year. Downstream market declined slightly, and downstream manufacturers’ purchasing enthusiasm for Isobutyraldehyde weakened.

Small fluctuations and gains in the future market

The domestic Isobutyraldehyde market may rise slightly in the first ten days of August. The upstream propylene market has slightly increased, with good cost support. The downstream market of Neopentyl glycol has an upward trend at the end of the month. The downstream manufacturers are generally enthusiastic about purchasing Isobutyraldehyde, and the product trend is upward under the contradiction between supply and demand. Isobutyraldehyde analysts from the business agency believe that the domestic Isobutyraldehyde market may rise slightly due to the impact of supply and demand, raw materials and other aspects in the short term.