February 5th News
On February 5th, Dongming Petrochemical's butanone product price was set at 6,600 yuan per ton, representing an increase of 100 yuan per ton.
Chempricehub's analysis of butanone, with a bullish-bearish score of 1.5, indicates that Dongming Petrochemical's spot price for butanone has risen by 100 yuan per ton to 6,600 yuan per ton. This suggests an increase in market demand or tightening supply, which significantly benefits the spot price. The price hike of approximately 1.5% reflects an improvement in industry fundamentals, likely driven by downstream chemical demand. It is expected that the spot price will maintain a relatively strong trend in the short term.