According to the monitoring data of business agency, as of September 3, the average ex factory price of domestic butanone market was 8266 yuan / ton. Compared with the price on August 30 (the average price was reduced by 9233 yuan / ton), the average price was reduced by 967 yuan / ton, a decrease of 10.47% during the week.
Since late August, the domestic butanone market has been weak as a whole. On the 25th and 26th, the butanone market began to decline in South China due to the restriction of high price transactions.
In this week, the decline of butanone opened in most parts of China on the 30th and 31st of the week, and the price of butanone decreased significantly. The cumulative decline for two consecutive days is referred to as 500-800 yuan / ton. From the middle of the week to the weekend, the decline of butanone price tightened, and the price stability mood of the operators is high, but the downstream demand boost is not obvious. The wait-and-see mood continues, and the market transaction is general, Shandong butanone factory continued to reduce the ex factory price of butanone by 200 yuan / ton. As of September 3, the ex factory price of butanone in Shandong was around 8100-8400 yuan / ton, and the ex factory price of butanone in Jiangsu was around 8000-8300 yuan / ton. According to the monitoring data of business society, the average ex factory price of butanone was 8266 yuan / ton as of September 3, down 967 yuan / ton compared with the beginning of the week, The weekly decline was 10.47%.
Upstream, Shandong civil gas market fluctuated and rose this week, with frequent but limited fluctuations during the week. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 4733.33 yuan / ton on August 29 and 4743.33 yuan / ton on September 3, with an increase of 0.21% during the week and 4.25% compared with the same period last year. This week, the trend of Shandong civil gas market showed a down up down trend. Although the price was adjusted frequently during the week, the range was small, and the overall narrow consolidation was the main trend. At the beginning of the week, that is, at the end of August, due to weak terminal demand, cautious downstream mentality and general enthusiasm for entering the market, the manufacturer’s shipment was not smooth, and the profit was mainly delivered. In the middle of the week, the CP price was introduced in September, and both propylene and butane rose, which gave a certain boost to the market. In addition, the volatile rise of international crude oil brought phased benefits to the civil gas market, the market supply was low, and the downstream market replenished, and the price increased. At the weekend, most of the civil gas market in Shandong maintained stability, and individual manufacturers adjusted according to their own conditions, and fell sporadically.
Future analysis of butanone
This week, the domestic butanone price decreased significantly and the market trading atmosphere was general, but the operators had sufficient confidence in keeping the price, and the downward range continued to be limited in the later stage. Therefore, butanone analysts of business society believe that in the short term, the domestic butanone market will mainly maintain a narrow consolidation and operation.
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