In 2023, with the official volume of Anhui Zhonghuifa New Materials Co., LTD. ‘s annual output of 120,000 tons of butanone equipment, China’s butanone production capacity continues to grow. By the end of 2023, the annual production capacity of the domestic butyl ketone industry is 915,000 tons, an increase of 15.09%. However, due to the long-term shutdown of some devices, the effective production capacity of domestic butyl ketone is only 670,000 tons/year. According to the statistics of Longzhong Information, the domestic production of butanone in 2023 totaled 482,600 tons, a decrease of 4.60%. At the same time, production has declined, mainly due to the insufficient profit margin of the device, weak demand and other factors.

As can be seen from the figure above, after hitting a low point in the second quarter, butanone production began to rise in the third quarter and reached the highest level of the year in the fourth quarter. This was mainly due to the fact that some refinery units were repaired in the second quarter, and due to the low price of butanone, individual plants with higher production costs ran at reduced loads, resulting in a significant decline in production during the cycle. Among them, the Ningbo golden hair device entered the maintenance period on March 11, and resumed normal production at the end of April. The Harbin refining and chemical plant entered the maintenance period at the end of April and resumed production in late June. Qixiang Tengda Huangdao equipment entered the maintenance period in early May, and returned to normal in early July; Lanzhou petrochemical plant entered the maintenance period on June 10, and returned to normal in mid-August. In the third quarter, Xinjiang Tianli and Fushun petrochemical plants stopped in early July. Anhui Zhonghui Fa annual output of 120,000 tons of new equipment also officially released in early July, butyl ketone production increased significantly compared with the second quarter. In the fourth quarter, the Dongming Pear tree device restarted in mid-November and stopped due to fault on December 11. Hubei Ruiyuan Petrochemical started in late November to maintain low-load operation, and butyl ketone production reached a high point in the fourth quarter, totaling 165,900 tons, up 27.91% from the third quarter.

According to the statistics of Longzhong Information, the domestic production of butanone in 2023 totaled 482,600 tons, a decrease of 4.60%. At the same time, production has declined, mainly due to the insufficient profit margin of the device, weak demand and other factors. In 2023, due to the high price of carbon four after the raw material ether, the profit margin of the butyl ketone plant is severely squeezed. Taking the Shandong factory as an example, in 2023, the average annual price of a factory in Shandong after ether carbon four market is 5250 yuan/ton, the average annual price of a factory in butyl ketone is 7547 yuan/ton, and the annual profit value is about 500 yuan/ton, down by 70%. Another part of the higher cost of the factory long-term loss state, in such a case, the manufacturer’s production enthusiasm is seriously insufficient, shutdown, negative reduction and other phenomena increase, the overall capacity utilization rate is significantly down, but also caused by the butanone production did not increase with the production capacity and the main reason for rapid growth.