The double festival is approaching, and the trend of butanone in China is still tired

According to the data monitoring of the business agency, as of September 15, the average ex factory price of butanone in the domestic market was 8300 yuan / ton. Compared with the price on September 10 (the average price was reduced by 8350 yuan / ton), the average price was reduced by 50 yuan / ton, an increase of 0.6%, and compared with the price on September 1 (the average price was reduced by 8533 yuan / ton), the average price was reduced by 233 yuan / ton, a decrease of 2.73%.

Melamine

Last week, individual butanone spot traders in Shandong raised the ex factory price of butanone slightly, but did not drive a wide-ranging rise in the market. Entering this week, the butanone market as a whole is in a weak position, and the double festival is approaching. At present, the downstream has not shown a significant hoarding of goods. The overall transaction in the butanone market is general. In the face of the current tepid trading atmosphere, the driving force for the rise of butanone prices is insufficient, and the operators’ quotation remains at the pre-term level. On the 15th, individual butanone holders in Shandong narrowly reduced the ex factory price of butanone, The reduction range is 50 yuan / ton. At present, the high market of C4 after raw ether still gives butanone some cost support, but the overall trend of butanone is still tired when the demand boost is not obvious. At present, as of September 15, the market price of butanone in East China is around 8400-8500 yuan / ton, the market price of butanone in Shandong is 8200-8400 yuan / ton, and the average price of butanone in China is 8300 yuan / ton, which is nearly 13% lower than the market high of 9533 yuan / ton a month ago.

Upstream, with the arrival of the traditional sales peak season “golden nine”, the liquefied gas market has lived up to expectations and ushered in a sharp rise. At present, the ex factory quotation of civil gas in Shandong has risen to more than 5000 yuan / ton. According to the data monitoring of business agency, the average price of liquefied gas in Shandong civil market was 4743.33 yuan / ton on September 5 and 5060.00 yuan / ton on September 13. The increase rate in one week was 6.68%, an increase of 66.27% compared with the same period last year.

Internationally, on September 14, the international oil price was basically flat. On the last trading day, the settlement price of the main contract of WTI crude oil futures in the United States was US $70.46/barrel, up US $0.01, and the settlement price of the main contract of Brent crude oil futures was US $73.60/barrel, up US $0.09.

Future analysis of butanone

At present, on the one hand, the recent market of C4 after upstream ether is high, and the profit is reduced under the increase of butanone cost pressure. Therefore, the industry has limited acceptance of continuing to adjust butanone price downward. On the other hand, if the downstream demand continues to be weak and the improvement is not obvious, the possibility of butanone price rising sharply is also low. Therefore, butanone analysts of business society believe that in the short term, The domestic butanone market will be adjusted and operated in a narrow range, and more attention should be paid to the actual order transaction and demand follow-up.

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