According to data monitoring by Business Society, as of March 31, 2024, the domestic market price of butanone was referenced at 7966 yuan/ton. Compared with March 1, 2024 (reference price of butanone was 8233 yuan/ton), the price decreased by 267 yuan/ton, a decrease of 3.24%.
In March, the butanone market can be described as “slightly warm but still cold”. At the beginning of March, although there was a brief upward trend in the butanone market, the overall effective support of the market was insufficient. Starting from mid to late March, the butanone market began a weak downward trend, and by the end of the month, the butanone market had ended with a weak decline. As of March 31st, the domestic market price of butanone is around 7700-8300 yuan/ton, with a decrease of about 100-300 yuan/ton during the month.
Analysis of Factors Influencing the March Butanone Market
In terms of supply: At the beginning of the month, the overall on-site supply of butanone was tight, with low operating rates and low inventory in butanone factories. In addition, some butanone factories delivered export orders, resulting in lower overall supply pressure. Therefore, at the beginning of the month, both the supply side and the export side provided some upward support to the market.
In terms of demand: In March, the overall performance of the domestic demand market for butanone remained average, with downstream purchases continuing to be the main focus. After the export order support gradually weakened at the beginning of the month, the drag of demand on the market for butanone gradually emerged. Due to the continued weak demand, supply pressure also came. Therefore, in the middle and late stages, due to demand pressure, the focus of negotiations in the butanone market continued to decline.
The price situation of butanone in the mainstream market in March
Region/ Product/ March 31st/ Monthly fluctuations
Shandong region/ Butanone/ 7700-7800./-300
Jiangsu region/ Butanone/ 7750-7800./-200
South China region/ Butanone/ 8100-8200./-300
East China region/ Butanone/ 7700-7800./-300
Market analysis of butanone
At present, the overall trading atmosphere in the butanone market is quiet, and there is definitely a clear wait-and-see view in the market. Downstream stocking and replenishment are still showing caution. Business Society butanone data analysts believe that in the short term, the domestic butanone market will mainly adjust and operate within a certain range, and the specific trend still needs to pay more attention to the specific news changes on the supply and demand side.
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