According to the data monitoring of the business agency, as of November 3, the average ex factory price of domestic butanone market was 6666.67 yuan / ton. Compared with the price on November 1, the average price of butanone increased by 266 yuan / ton, or 4.17%; compared with the price on October 1, the average price increased by 500 yuan / ton, an increase of 8.11%; and the maximum amplitude from October 1 to November 3 was 8.11%.
October butanone market “parabola”
In October, the overall trend of domestic butanone market is like a parabola. From the beginning of the month to the national day, the overall market of butanone has been running smoothly. Since the 14th of the middle of the month, the overall market of butanone is getting better. The low inventory gives confidence to the industry. Factories and shippers are eager to rise. Shandong, Nanjing and other markets have raised the ex factory price of butanone by 400-500 yuan / ton, and the average ex factory price of butanone market has risen to 6500-6700 yuan / ton From the end of October, due to the lack of new orders, the market of butanone dropped slightly. Until the end of the month, the trend of butanone continued to loosen and go down. As of the 31st, the average ex factory price of butanone market was 6400 yuan / ton, up 133 yuan / ton or 3.78% compared with the beginning of October.
In early November, the market of butanone rose with “recovery”
In November, the domestic butanone market recovered and started with a rising trend. On the 2nd and 3rd, the dynamic market continued to rise slightly, with a total increase of 200-300 yuan / T in two days. At present, the overall inventory of domestic factories is low, and secondary traders in South China have begun to trade in succession. The support of new orders in the market has been strong. At present, the overall market has been stable until November 3 The average ex factory price of domestic butanone market is 6666.67 yuan / ton, which is 266 yuan / ton or 4.17% higher than that on November 1.
Internationally, on November 2, the U.S. WTI crude oil futures market prices rose, with the settlement price of main contracts at $36.81/barrel, up $1.02. Brent crude oil futures market prices rose, the main contract settlement price to 38.97 US dollars / barrel, up 1.03 US dollars. Oil prices rebounded by nearly 3% on Monday. Russian oil companies and Russian energy minister Novak on Monday discussed the feasibility of extending the current production reduction scale of “OPEC +” to the first quarter of next year. In addition, with the US election approaching, Biden, the Democratic Party, is still in the lead, boosting the oil price rebound.
The new order can still operate with high stability for a short time
| POLYVINYL ALCOHOL |
At the beginning of the month, butanone will continue to be supported by a short-term high price of butanone, so it is expected that the short-term supply of butanone will continue to increase due to the short-term high price of butanone.