According to data monitoring by Business Society, as of January 31, 2024, the domestic market price of butanone was referenced at 7650 yuan/ton. Compared with January 1, 2024 (reference price of butanone was 7233 yuan/ton), the price increased by 417 yuan/ton, an increase of 5.76%.

From the monitoring chart of Business Society data, it can be seen that in January, the overall domestic butanone market showed a fluctuating upward trend, and the focus of the butanone market continued to approach high levels. The price of butanone market fluctuated from around 7200 yuan/ton at the beginning of the month to around 7700 yuan/ton at the end of the month, with an increase of nearly 6% within the month.

The influencing factors supporting the upward trend of the butanone market:

In terms of cost: In January, the overall high level operation of the post ether C4 market for butanone raw materials provided support for the cost of butanone, and the overall focus of the butanone market was upward.

Demand: The downstream of butanone has started stocking up on the Qixi Festival, and the downstream butanone has been boosted as a whole. The demand also gives some support to the butanone market. As of January 31st, the domestic market price of butanone is around 7600-7900 yuan/ton, and the lower price is around 7400 yuan/ton.

Market Forecast and Analysis of Butanone

At present, the trading atmosphere on the butanone exchange is mild, and most downstream markets have basically completed stocking. As the Spring Festival approaches, the overall production on the exchange is low, and some scattered small orders in the downstream are moderately stocked. The overall supply and demand transmission on the exchange is relatively quiet. Business Society’s butanone data analyst believes that in the short term, the domestic butanone market prices are mainly stable and subject to small fluctuations, and the specific trend still needs to pay more attention to the specific news changes on the supply and demand side.