Recent Market News on Butanone

What is the Meaning of Butanone

"Butanone molecular formula CH3 CH2 C O C H3. Also knownas methyl ethyl ketone, 2-butanone. The general factory is called MEK,colorless liquid. Melting point -85.9 ℃, boiling point 79.6 ℃, relative density0.8054 (water = 1 at 20/4 ℃), The relative density is 2.42 (air=1). It issoluble in about 4 times of water, and can be dissolved in organic solventssuch as ethanol and ether.

√  Acetoneand Butanone

Acetone and methanol reaction is important tounderstand because it is very useful in many industries and fields. It is usedin the production of many different compounds such as butanone, which is aprecursor for acetone. This chemical itself has many uses in differentapplications. In conclusion, the purpose of this reaction is to split acetoneinto two different compounds such as methanol and butanone. Both of thesecompounds are important because they are used in different fields to turnmaterials or substances into other compounds that they need. They both havedifferent uses so their appearance in the chemical reaction makes it possiblefor them to react with each other in a certain way. It has been used in manyindustries and fields apart from scientific research, which makes it animportant chemical reaction.

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International Market News

√  The European Butanone Price Increased Greatly

At the end of August, because of a fire andpower outage at Europe’s largest refinery, Pernis, the 90kt/a butanone unit wasshut passively. This intensified the tight supply of butanone in the Europeanmarket. In August, the European butanone price increased greatly. Moreover,butanone from Asia was hard to export Europe timely, the butanone prices wasmuddled. The butanone price in automotive market was €2,500/mt. It was heardthat few price was almost €3,000/mt, which hit a record high price.

√  Asian Butanone Market Continued Moving Down

As for the export market, Asian butanone marketcontinued moving down. Mainstream offers for butanone were in the range of$950-970/mt FOB China. Dealing prices were lower. In the Asian market, coatingsand adhesive markets entered the off-season, and the overall demand forbutanone was weak. In the first six months in 2018, the total export volume wasexpected to exceed 80kt. In 2017, the annual export volume was 110kt. Given theunit maintenance in Japan, the total export volume in 2018 was expected toreach 120kt-130kt. The export volume in H2 2018 was expected to be 40-50kt.

√  In July, the Chinese Butanone Total Export Volume Was17.16972kt

According the data from Administration ofCustoms, in July, the Chinese butanone total export volume was 17.16972kt,while the cumulative export was 54.48774kt. The average price of butanone inJuly was $916.31/mt. The export was up 564.06% M-O-M, while it was up 31.34%Y-O-Y. From this data, the butanone market in July was unaffected by the Europemarket, and the export was almost 20kt. Affected by the Europe market inAugust, it is predicted that Chinese butanone export volume will be 350kt,which will account for 50% of the total Chinese butanone output.

√ The DemandFor Butanone Will Continue To Be Weak

In the coming market, the demand for butanonewill continue to be weak. Moreover, the tax increases policy from the U.S. willcontinue to influence the demand for butanone. Thus, the consumption volumewill continue to be limited. Moreover, the unit in Japan will restart and thesupply will increase. The export volume will decline. On the whole, the Chinesebutanone market will continue to be weak in the short term and market pricesmay inch down.     

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