According to the monitoring data of business agency, as of September 28, the average ex factory price of domestic butanone market was 9000 yuan / ton. Compared with the price on September 1 (the average price was reduced by 8533 yuan / ton), the average price was increased by 467 yuan / ton, or 5.47%.

At the beginning of September, the transaction in the domestic butanone market continued the cold atmosphere of the previous month. From the 2nd, the butanone market began to decline sharply. In just two days, the ex factory price of butanone in Shandong butanone market fell to around 8100-8400 yuan / ton, and the ex factory price of butanone in Jiangsu butanone market was close to 8000-8300 yuan / ton, with a decrease of 3.12% in the first two days of the month. Subsequently, the market continued to be weak. Since June 6, the trading atmosphere in the domestic butanone market has warmed up, the low-end price of butanone has improved, and the willingness of butanone manufacturers to continue to sell goods has decreased. On June 6, the market price of butanone in Shandong and Jiangsu began to rise slightly by 50-100 yuan / ton. The ex factory price of butanone in Shandong is around 8200-8500 yuan / ton, and the downstream demand has not increased significantly, Butanone did not open and rose sharply. Subsequently, the domestic butanone market as a whole was weak. On the eve of the national day, the downstream of butanone still did not show a significant hoarding phenomenon. In the face of the current tepid trading atmosphere, on the 15th, individual butanone holders in Shandong narrowly reduced the ex factory price of butanone by 50 yuan / ton. The average ex factory price of domestic butanone was 8300 yuan / ton, a decrease of 2.53% in the first half of the month compared with the beginning of the month.

In late September, the high level of C4 market after raw ether still gave butanone some cost support. The atmosphere of butanone trading increased, and the intention of butanone operators to lower prices was not high. The market price of butanone rose rapidly. On the 17th, the high price of Shandong butanone market returned to 8900 yuan / ton, with an average price increase of 380 yuan / ton, up 4.62% compared with the 15th. The downstream has a general ability to accept high prices. In addition, some downstream areas are restricted by environmental protection, and the demand is reduced. The trading atmosphere of butanone market is general. The consolidation operation is close to the end of the month and before the national day, the downstream of butanone stores goods in a small range, and the price of butanone factory is increased by 200-600 yuan / ton. The market atmosphere is better, and the trading focus is rising. As of the 28th, The average ex factory reference price of domestic butanone was 9000 yuan / ton, an increase of 8.43% compared with the middle of the month and 5.47% compared with the beginning of the month.

Upstream, in September, the domestic civil liquefied gas market in Shandong rose as a whole. As of September 27, the reference price of liquefied gas was 5226.67 yuan / ton, an increase of 9.8% compared with September 1 (4760 yuan / ton). On September 27, the civil gas market in Shandong remained stable. Individual manufacturers slightly adjusted the ex factory price according to their own situation. At present, the mainstream quotation of civil gas in Shandong is about 5250-5280 yuan / ton. The National Day holiday is coming, there is a certain demand for replenishment before the downstream Festival, the enthusiasm for entering the market is OK, the overall shipment of manufacturers is moderate, and the price of liquefied gas civil market is expected to be strong in the short term.

Internationally, on September 27, the international oil price continued to rise. The settlement price of the main contract of WTI crude oil futures in the United States was US $75.45/barrel, an increase of US $1.47 or 2.0%, and the settlement price of Brent crude oil futures was US $78.72/barrel, an increase of US $1.49 or 1.9%. Brent crude oil rose to a high since October 2018, approaching the $80 mark in the session. The economy of the world’s major economies continued to recover and fuel demand rebounded, but U.S. inventories continued to decline, and the oil and gas recovery in the Gulf of Mexico was slow. In addition, it is difficult for the organization of Petroleum Exporting Countries and its allies (OPEC +) to increase production in the short term, and the supply-demand gap is expected to strongly support oil prices.

Future analysis of butanone

In the short term, the raw material cost still supports the butanone market, but after the short-term increase in downstream demand, the high price transactions on the floor are limited. Therefore, the butanone analysts of the business society believe that in the short term, the butanone market is expected to wait and see, sort and operate. More attention should be paid to the follow-up of raw material end and downstream demand.