Little demand for butanone

1、 Price trend

 

According to the data monitoring of the business agency, as of March 11, based on the quotation of several sample enterprises, at present, the ex factory price of domestic butanone market is around 7300-7800 yuan / ton.

 

2、 Market analysis

 

PVA 2699

Product: since 2020, the butanone market has been sluggish. The market has dropped from a high of 9200 yuan / ton to around 7500 yuan / ton, and the lowest price in the process has fallen below 7300 yuan / ton. In March, domestic consumption of butanone was still recovering slowly. Most of butanone was digested by foreign trade, and factory inventory was temporarily relieved. The market of butanone rose slightly, mostly due to the firm prices of traders. The market as a whole was still oversupplied. The downstream resumption rate was low, and the demand was still not ideal. Recently, the crude oil price has changed a lot, and the overall downstream purchasing sentiment of the market has increased cautiously, with stable price sales as the main factor. At present, the butanone market in Jiangsu Province is in stable operation temporarily. The quotation range of the factory is 7400-7500 yuan / ton, some of which are slightly higher than 7600 yuan / ton. The market transaction tends to be low-end, and the overall inquiry and purchase atmosphere is weak. The butanone market in Ningbo is stable, the market transaction atmosphere is cold, the factory factory price is around 7500-7600 yuan / ton, and the market negotiation is around 7350-7450 yuan / ton. At present, the market in Ningbo is more wait-and-see, the offer of the commodity holder is temporarily stable, the purchase of the terminal enterprise is declining, the actual transaction is not heard much, and it tends to low-end price. The butanone market in South China is stable for the time being, and some traders offer to maintain stability. The main range offer is around 7650-7800 yuan / ton. There are few real offers, and the source side is mainly stable.

 

Industry chain: from the beginning of last week, after the liquefied gas market experienced four consecutive days of growth, it began to fall this week. On March 2, the average price of liquefied gas market was 3650 yuan / ton, and on March 2, the average price of six days was 3766.67 yuan / ton, with a rise of 3.2%. On October 10, the average price of liquefied gas market was 3483 yuan / ton, which was about 284 yuan / ton lower than that on March 6 (3766.67 yuan / ton). At present, the mainstream price of Shandong liquefied gas market is around 3250-3700 yuan / ton, and the market turnover is normal; the price of liquefied gas market in North China is down, the mainstream price is around 3500-3650 yuan / ton, and the market turnover is normal.

 

PVA

Industry: according to the price monitoring of the business agency, on March 11, 2020, there are 17 kinds of commodities in the price up and down list of bulk 58, which are concentrated in the steel plate (5 kinds in total) and non-ferrous plate (5 kinds in total), and the commodities with an increase of more than 5% are mainly concentrated in the energy plate; the top three commodities are WTI crude oil (10.38%), soybean (2.23%) and zinc (1.56%). There are 21 kinds of commodities decreased on a month on month basis, focusing on energy (7 kinds in total) and building materials (3 kinds in total). The first three commodities decreased were coke (- 3.01%), fuel oil (- 2.44%) and methanol (- 2.32%). The average price of this day is 0.14%.

 

3、 Future forecast

 

According to the analysis of the data division of the business association, the crude oil industry is mainly in wait-and-see mode, and the terminal demand follow-up is limited. It is expected that the weak market of butanone will be mainly in consolidation and operation in the near future, and it is not ruled out that a small decline may occur.

POLYVINYL ALCOHOL