According to data monitoring from Business Society, as of December 25, 2023, the domestic market price of butanone was referenced at 7216 yuan/ton. Compared with December 1, 2023 (reference price of butanone was 7533 yuan/ton), the price decreased by 317 yuan/ton, a decrease of 4.20%.
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From the monitoring chart of Business Society data, it can be seen that in December, the overall domestic butanone market showed a fluctuating and declining trend. Starting from early December, the overall butanone market has been declining. In the middle and late stages, some regions have undergone temporary maintenance of butanone units, leading to a decrease in expected butanone supply. The butanone market has slightly declined, but due to insufficient demand, the upward trend is limited. Compared with the beginning of the month, the market still has a significant decline. As of December 25th, the domestic market price of butanone is around 7000-7600 yuan/ton.
Analysis of Factors Influencing the Decline of Butanone Market:
In terms of demand: In December, the downstream demand of the domestic butanone market has always performed poorly, with low enthusiasm for downstream stocking. The supply and demand transmission of butanone is slow, and the demand has dragged down the butanone market, making it difficult for the butanone market to improve.
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In terms of raw materials: In early December, the carbon four market after the ether end of the raw material experienced a significant decline, providing loose cost support for butanone. Subsequently, the trend of the raw material market remained weak, coupled with insufficient downstream demand, resulting in a strong bearish attitude on the butanone market. The overall market lacked effective support, and the market center shifted downward one after another.
Market Forecast and Analysis of Butanone
At present, the atmosphere in the butanone market is relatively weak and quiet, and the effective boost performance in the butanone market is still not very clear. Some downstream areas have a small off-season, limited demand for raw materials, and pressure between the supply and demand of butanone still exists. Business Society’s butanone data analyst believes that in the short term, the domestic butanone market will mainly adjust its operation within a narrow range, and the specific trend still needs to pay more attention to the specific news changes on the supply and demand side.
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