According to the data monitoring of the business agency, as of July 31, the average ex factory price of domestic butanone market was 6066.67 yuan / ton. Compared with the price on July 1, the price decreased by 967 yuan / ton, a decrease of 13.74%; compared with the price on June 1, the price dropped by 167 yuan / ton, a decrease of 2.67%; the maximum amplitude from June 1 to July 31 was 40.11%.
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After the high price of butanone, the market fell rapidly in June
In mid June, the market of butanone experienced a short-term surge, up as high as 40.11%. However, the market demand could not be effectively followed up. After the surge, the price of butanone market fell rapidly and the market did not receive an effective boost at the end of June.
Butanone continued to decline in July, the market downturn all the way to the bottom
In July, the overall demand of butanone downstream is not high, the atmosphere of inquiry is not good, and a large number of ships arrive at port, resulting in a big contradiction between supply and demand in the market. In half a month, the price of butanone has dropped to 6400 yuan / ton, down 8.53% in half a month. The price has basically fallen to the safety price in the minds of the industry. Then, after a short period of stability, the market of butanone fell slightly again. Until July 31, the average price of butanone was 6066.67 yuan / ton. Compared with July 1, the average price of butanone was reduced by 967 yuan / ton, or 13.74%, and the middle and low-end price had dropped to around 5800 yuan / ton. The main reasons for the continuous decline of butanone market in July are as follows:
Hot weather and off-season approach, the downstream demand is cold
The high temperature in summer is the traditional off-season for butanone. Due to high temperature and environmental protection, the operation time of downstream terminal coatings, paints, adhesives and other industries has been reduced. Therefore, it is greatly affected by the season, and the downstream demand is weak without improvement.
Export restriction and foreign trade pressure affect domestic trade atmosphere
Affected by the increasing public events abroad, the butanone export orders were significantly reduced in July. It is heard that some exporters have not received new export orders for nearly a week. Then the cold foreign trade market will directly pressure the supply pressure on the domestic market. With the increase of domestic inventory, the bearish mentality of the operators is increasing, and the domestic market continues to be cold, and the mentality of traders in some regions disintegrates and the sales are low.
Raw material market not improved, cost support is general
At the end of July, the demand for C4 after raw material ether was improved, and the transaction price rose slightly, but the market did not improve substantially. The market for end products did not improve much, and the prices were mostly adjusted with the shock of the news. Therefore, the cost of butanone was generally supported. The sales pressure of butanone secondary market is still large.
The price of butanone in some regions of China in July (for reference only)
Regional product specifications up and down 7 / 1 7 / 31
Butanone purified water in South China: 7200 yuan / ton, 6400 yuan / ton – 11.42%
Butanone purified water storage in North China 6900 yuan / ton 5750 yuan / ton – 16.66%
In East China, butanone purified water was delivered at 7100 yuan / ton, 6150 yuan / ton – 13.38%
Low season demand is difficult to boost; butanone price is mainly stable in August, with limited rebound space
In view of the current situation, the supply and marketing pressure of butanone market in August still exists, and the improvement of downstream demand is limited in a short time. It is expected that the butanone market in August will be dominated by low price stability. It is not ruled out that the price will rebound slightly after the secondary market inventory is gradually digested. However, the demand side can not be really eased, and the real rise may come later.
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