According to the reference price of butanone (1459300 tons / day), the average price of butanone decreased by 26.90% as of February 2023, compared with the average price of 1459300 tons / day in the domestic market.

It can be seen from the data monitoring chart of business society that in April, the domestic butanone market generally went down. In the first ten days of April, after returning from the Qingming holiday, on the 7th, the domestic butanone market ushered in a slight rise. The ex factory price of butanone increased by about 100 yuan / ton. Most of the rise came from the support given by the tight inventory at the supply side. The overall boost on the downstream demand side was general, and the butanone market was mostly stable and consolidated. On the 14th, the low-end price of butanone in Shandong moved up by 100 yuan / ton, and other factories and spot traders mostly made stable quotations. As of April 15, the ex factory price of domestic butanone is around 15000-15200 yuan / ton, and the high-end price is around 15400 yuan / ton.

In late April, the trading atmosphere in the domestic butanone market was always tepid. Due to the influence of logistics and transportation and other factors, the downstream demand was restricted. On the 19th, the domestic butanone factory in Shandong reduced the ex factory price of butanone by 200 yuan / ton to 14700 yuan / ton. The atmosphere of butanone on-site trading was light, and the overall operating rate of butanone was low due to the maintenance of devices in some parts of China. The pressure of spot supply of butanone was small, and many factories made stable quotations. On the 20th, Shandong factory slightly callback the price of butanone, increasing the range by 100 yuan / ton to 14800 yuan / ton. However, the downstream demand support is weak, the supply and demand circulation is slow, and the transaction volume of butanone is limited. Since the 22nd, the domestic butanone market has been running downward again. The on-site supply and demand is deadlocked, the wait-and-see mood is heavy, and the demand follow-up is insufficient. As of the 26th, the ex factory price of domestic butanone is around 14000-14700 yuan / ton. Compared with the beginning of the month, the price is reduced by 300-700 yuan / ton, a decrease of 2.9% in the month. At present, the on-site trading of butanone is still cautious, focusing on real orders and more negotiations.

In the upstream, according to the monitoring data of the business society, as of April 25, the reference price of liquefied gas was 6380 yuan / ton, an increase of 1.75% compared with April 1 (6270 yuan / ton). On April 25, the opening price of LPG futures contract 2206 was 6030, the highest price was 6049, the lowest price was 5761, the closing price was 5799, the former settlement price was 6121, the settlement price was 5897, down 322, down 5.26%, the trading volume was 140726, the position was 61332, and the daily position was increased by – 475. (quotation unit: yuan / ton)

Future analysis of butanone

At present, the bearish sentiment in the downstream of butanone is heavy, the confidence of operators is weak, and the butanone factory has a certain shipping pressure. The butanone data division of business society believes that in the short term, the market situation of butanone is mostly weak, and the effective support in the field is still insufficient. The specific trend needs to pay more attention to the news changes of supply and demand and the changes of environmental factors in the field.