According to data monitoring by Business Society, as of February 29, 2024, the domestic market price of butanone was referenced at 8150 yuan/ton. Compared with February 1, 2024 (reference price of butanone was 7683 yuan/ton), the price increased by 467 yuan/ton, an increase of 6.07%.

From the monitoring chart of Business Society data, it can be seen that in February, China’s butanone market experienced a relatively broad upward trend. During the month, the focus of negotiations in the butanone market continued to move towards higher levels. As of February 29th, the domestic butanone market price was referenced at around 8000-8400 yuan/ton, while the higher price was referenced at 8600 yuan/ton, with a growth rate of over 6% in February.

Analysis of Factors Supporting the Rise of Butanone Market

In terms of cost: In February, the overall market situation for carbon tetrachloride after the ether end of butanone raw materials showed an upward trend. The continuous increase in raw material prices provided support for the cost of butanone, and the overall market situation of butanone rose with the “original” trend.

On the eve of the Spring Festival, the trading atmosphere in the butanone field was quiet, and the overall production of butanone was low, with an operating rate of around 66-67%. During the holiday period, the performance of the butanone market was calm, with no significant changes in production and capacity. After the holiday, Shandong Yibutanone factory has a plan to restart the equipment, while many other parking devices have no plans to start up temporarily. Therefore, the overall adjustment of the post holiday butanone market is still not significant, and the pressure on butanone factories to ship is also not high, driving the market to operate steadily.

In terms of demand: Before the Spring Festival, the downstream stocking of butanone market was basically completed, and the market demand performance was average. After the end of the holiday, downstream factories of butanone have gradually returned to the market, and the intention to purchase raw materials of butanone has gradually been released. In addition, some factories have executed export orders after the holiday. Therefore, in February, the demand side as a whole provided some support to the butanone market.

Market analysis of butanone

Overall, the rise in the butanone market this time has been supported by multiple factors. As the market continues to warm up, downstream demand for butanone will also continue to recover. Therefore, the butanone data analyst from Business Society believes that in the short term, the domestic butanone market will mostly operate steadily with a strong bias, and the specific trend still needs to pay more attention to the specific news changes on the supply and demand side.