According to the data monitoring of the business agency, as of August 24, the average ex factory price of butanone in the domestic market was 9533 yuan / ton, which was basically the same as that on August 19. Compared with the price on August 1, the average price was increased by 367 yuan / ton, an increase of 4%.
Recently, the domestic butanone market is weak. Some new units in the butanone yard were shut down, but there was still no significant improvement in trading due to the weak performance of downstream demand. Most of the offers of butanone holders are based on the market, and some operators have short expectations for the future trend. Due to the limited transaction at high prices in South China, some butanone declined secretly, and the actual transaction has more room for negotiation. The market trend of butanone is still deadlocked. We should pay attention to the follow-up of actual orders. As of August 24, the ex factory price of butanone in Shandong is around 9400-9700 yuan / ton, and that in Jiangsu is around 9500-9900 yuan / ton.
Upstream, recently, most of the domestic liquefied gas market ushered in a callback market, and the decline in Shandong civil gas market was more prominent, with a decline of nearly 5% in the week. The negative market factors this week were obvious. First, the international crude oil market was mainly lowered during the week, and the news was negative market mentality. Secondly, the civil price of liquefied gas has been continuously pushed up in the early stage, and the price has risen to a relatively high level. However, due to the influence of seasonal factors, the terminal demand is weak, the off-season has not passed, the demand side has not improved significantly, the downstream has limited ability to accept high prices, the enthusiasm for entering the market has obviously weakened, the manufacturers’ delivery is blocked, and the ex factory price has been reduced one after another to stimulate the downstream to enter the market, The shipping atmosphere did not improve significantly until the late part of the week, and the decline was narrower than that in the early part. However, the overall trend of the domestic liquefied gas market this week is still weak.
Future analysis of butanone
At present, although the supply side of butanone is supported, due to the lack of downstream demand, it is unlikely that the market price of butanone will break the deadlock and move closer to the high end in the short term. Butanone analysts of business society believe that in the short term, the market of butanone will continue to be weak, and the price dragged down by demand may decline in a narrow range. In the future, we need to pay attention to the changes of market supply and demand.
| PVA |