According to the data monitoring of business agency, as of July 24, the average ex factory price of domestic butanone market was 6266.67 yuan / ton, which was 167 yuan / ton or 2.59% lower than the price on Monday (July 20), 333 yuan / ton, or 5.05%, or 767 yuan / ton, or 10.90%, compared with the price on July 1. The maximum amplitude was from July to July 23.

In the first ten days of July, the market of butanone remained stable for several days after falling

At the beginning of July, the market of butanone can maintain stable operation temporarily. Since July 7, due to the cold market situation and weak downstream demand, the price of butanone market fell slightly, falling around 100-200 yuan / ton. Subsequently, the downstream demand continued to be weak, and the market inquiry atmosphere was always cold. The butanone market fell all the way to the middle and late July (July 17). According to the data monitoring of the business agency, the reference price of butanone factory was 6433.33 yuan / ton on the 17th. Compared with the price on July 1, the average price of butanone decreased by 600 yuan / ton, or 8.53%. After half a month’s sharp decline, the market price of butanone has basically dropped to a low point. The factory has a strong attitude of stabilizing the price, and the market of butanone has entered the stage of temporary consolidation and stabilization.

Insufficient demand is difficult to support butanone market falling again this week

At the beginning of this week, the atmosphere of inquiry in the butanone market is still general. Under the low price, the downstream demand is still insufficient. At present, the inventory pressure of the factory is not reduced. On the 23rd, the offer of butanone market in many regions is weakening again. According to the data monitoring of the business agency, the reference price of butanone factory is 6266.67 yuan / ton, which is 167 yuan / ton lower than that at the beginning of this week The atmosphere of inquiry in the regional butanone market was general, with the ex factory price of butanone at around 6500 yuan / ton, down 50 yuan / ton compared with that on the 22nd; the inquiry in the East China butanone market was weak, with the ex factory price reference of butanone around 6300 yuan / ton, down 50 yuan / ton compared with the 22nd; the butanone market in North China fell slightly, with the ex factory price reference of butanone around 5800 yuan / ton, down 50 yuan / ton compared with the 22nd.

In terms of supply and demand, at present, the downstream demand of butanone market remains cold, the market inquiry atmosphere is flat, and the factory inventory pressure is still large. As of the 24th, the market price of butanone is relatively stable, and the downstream industry is mainly waiting-and-see, and the market is relatively low.

In the upstream sector, the overall market of liquefied natural gas (LNG) rose in July, with a large rise. As of July 24, the reference price of liquefied natural gas was 3060 yuan / ton, which was 10.87% higher than that on July 1 (2760.00). At present, the civil LPG market in Shandong continues to rise strongly, with the range of 100-200 yuan / ton. The market transaction atmosphere is good, and the current mainstream transaction price is 3200 yuan / ton. With the continuous rise of prices, the resistance mentality in the downstream is breeding, and the enthusiasm for entering the market has declined. It is expected that the subsequent market will gradually stabilize.

At present, it is obvious that the price of butanone factory is looking forward to rising, but the downstream demand has not been effectively boosted. Therefore, it is expected that the market will stabilize the price in the short term. There is also a secondary market that adjusts the ex factory price of butanone according to its own inventory, profit and other factors. Whether it will drive the market trend, we need to pay more attention to the supply and demand news.