According to the data monitoring of the business agency, as of February 24, the average factory price of butanone in the domestic market was 8366 yuan / ton, up 766 yuan / ton or 10.09% compared with the price on February 23 (7600 yuan / ton). Compared with the price on February 10 (reference average price of butanone 7183 yuan / ton), the average price increased by 1183 yuan / ton, or 16.47%. Compared with the price at the beginning of the month (participation price 7116 yuan / ton on February 1), the price increased by 1250 yuan / ton, or 17.56%.

In the half month before the Spring Festival, the domestic butanone market went up steadily as a whole. One week before the Spring Festival, affected by factors such as logistics outage, the transaction of butanone was not good, but the low price shipment was better in the early stage, and the overall inventory pressure of domestic butanone factories was not big.

Butanone rose more than 16% after the festival

After the Spring Festival, on the 18th, the trading atmosphere of butanone market was cold. Individual spot butanone traders were not optimistic about the short-term market. In a suspicious state of mind, spot butanone traders in Shandong Province actively shipped butanone and reduced the ex factory price of butanone by 100-150 yuan / ton. The reference price of low end butanone in Shandong Province was 7000-7100 yuan / ton. Shandong’s major manufacturers took the lead in raising the ex factory price of butanone to 7600 yuan / ton on the 20th, up 400 yuan / ton compared with the year before. The domestic mainstream reference price of butanone was around 7000-7600 yuan / ton. Then, the butanone market as a whole steadily dominated. On the 24th, Shandong and Jiangsu’s butanone market rose by 400-1000 yuan / ton It rose to 8200-8500 yuan / ton, with an average price reference of 8366 yuan / ton. Compared with the previous working day, it increased by more than 10% in a single day. Compared with the early spring festival, it increased by more than 16% after the festival. At present, the trading atmosphere of butanone market has gradually recovered, the trading volume of new orders is fair, and the market is in a high and firm operation.

Internationally, the recent international crude oil market prices continue to hit a year’s high, as of the 23rd, WTI oil prices at 62.5 U.S. dollars / barrel. According to the monitoring of the business community, the prices of WTI and Brent crude oil have increased by more than 16% since February. The good news of the international crude oil market is spreading continuously, and the inventories of the United States and China are declining. In addition, OPEC + is still strictly implementing the production reduction agreement, and the effect of national oil production control is ideal, so it is necessary to increase the supply and lower the crude oil market price. At the same time, the cold wave in the United States limited the supply of shale oil and gas fields in the United States, and accidental factors helped to increase the price of crude oil.

Butanone short-term high finishing operation continued to rise or insufficient power

Recently, the rise of butanone market is mostly supported by the low inventory in the market. The prices of new orders received by factories have risen. The performance of demand side is in general. The market activity is relatively slow, and the downstream factories receive less orders. The operators have different attitudes towards the future trend. According to the analysts of butanone business community, in the short term, the butanone market has insufficient power to continue to rise In addition, we should pay more attention to the change of downstream raw material demand.