Butanone price continued to decline

1、 Price trend

According to the data monitoring of the business agency, as of March 23, based on the quotations of several sample enterprises, at present, the average ex factory price of the domestic butanone market is about 7000-7400 yuan / ton.

2、 Market analysis

Product: last week, the butanone market was weak and fell. At present, the domestic butanone market is still weak and dominated. The transaction remains cold. There are not many real orders. The industry is bearish. The factory inventory is further accumulated. The traders’ quotation is expected to continue to fall. At present, the market in East China is temporarily stable. The factory quotation of Shandong Dongming pear chemical butanone is 7400 yuan / ton (purified water) ）, the price is the same as last weekend; North China is in weak operation, and the market reference offer is around 7050-7300 yuan / ton; South China’s butanone market is down, and the current reference offer is around 7000-7200 yuan / ton; Ningbo’s butanone market is down, and the reference offer is around 7200-7400 yuan / ton; Jiangsu’s butanone market is down, and the market reference price is around 7100-7250 yuan / ton.

Industrial chain: affected by the decline of international crude oil, the civil market of liquefied gas followed the decline trend. Last week, the decline started to widen. On March 15, the average price of domestic liquefied gas market was 3466.67 yuan / ton, and on March 19, the average price was 2750 yuan / ton. On March 19, the daily decline was as high as 10.33%, and the weekly price fell by 20.67%, 29.97% lower than the same period last year. Most of the civil gas market in Shandong fell below the 3000 yuan mark, and most of the civil gas market in other parts of the country was on the edge of 3000 yuan. At present, the market supply has increased compared with the previous stage, but the load reduction production is more, the terminal market is not fully opened, and the demand is limited, and the market is still in a situation of supply exceeding demand. The downstream market sentiment is not high, and the attitude of “buying up, not buying down” is more wait-and-see. The manufacturer’s shipment is not smooth, the inventory pressure is large, and the price drops broadly.

3、 Future forecast

According to the analysis of the data analyst of the business association, at present, with the crude oil market plummeting, the raw materials in the upstream of butanone are at a low level, and it is expected that the weak trend of the recent butanone market will not change.