According to the data monitoring of the business community, as of October 26, 2022, the domestic butanone market price reference was 8800 yuan/ton, and compared with the price on October 1 (the butanone reference price was 9900 yuan/ton), the average price decreased by 1100 yuan/ton, or 11.11%.

It can be seen from the data monitoring chart of the business community that since October (10.1-10.26), the domestic butanone market as a whole has shown a weak and declining trend. The factors that influence the continuous downward exploration of the center of gravity of butanone mainly come from the following three aspects:

1、 From the perspective of demand, after the National Day holiday, the downstream demand of butanone was cautious, and the pace of shipment was slow. Some butanone factories had accumulated stock. Insufficient demand led to pressure on the overall inventory on the site, and most of the operators began to yield profits for shipment.

2、 In terms of cost, in October, the C4 market after the raw material ether ran in a narrow range, and the cost support given to butanone was also average. Therefore, it was difficult for the cost side to support the firm offer of butanone.

3、 In terms of supply, in October, the overall operating rate of domestic butanone units remained at about 60%. This month, the operating rate was not adjusted much. However, due to the constraints of demand, the supply side still had shipping pressure, and the market focus continued to decline.

As of October 26, the domestic market price of butanone was around 8200-9200 yuan/ton, with a large difference between high and low prices on the market, with a drop of about 800-1500 yuan/ton compared with the beginning of the month.

In terms of upstream, since October, the domestic market of liquefied gas for civil use in Shandong has been operating in an overall shock. According to the data monitoring of the business community, the reference price of liquefied gas was 5424 yuan/ton on October 25, a decrease of 0.59% compared with October 1 (the reference price of liquefied gas was 5456 yuan/ton).

Future market analysis of butanone

At present, the trading atmosphere in the butanone market is still weak, the overall market remains weak, and the downstream demand side is generally boosted. The butanone data engineer of the business community believes that in the short term, the butanone market is weak and mainly operates, and the specific trend needs to pay more attention to the specific interest consumption changes on the supply and demand side.