According to the data monitoring of the business agency, as of June 21, the average ex factory price of domestic butanone market was around 7833.33 yuan / ton. Compared with the average price of 8766.67 on June 14 a week ago, the price was reduced by 930 yuan / ton, or 10.65%. Compared with the beginning of the month (the reference average price on June 1 is 6233.33), the price increased by 1600 yuan / ton, or 25.67%. The maximum amplitude is 40.11% from June 1 to 22.
Butanone market soared 40.11% in early June
Although the overall market of butanone in May is still sluggish, most of the operators did not report much expectation on the market of butanone in June at the end of the month, but it is the sluggish situation for several months in succession, and the overstocked expectation of the operators has become the fuse of the soaring market of butanone in the first ten days of June.
In June, with the sharp rise of crude oil market and the sharp rise of acetone market, the butanone market was strongly supported. Butanone market operators are in a good mood, and the downstream market is also replenished. The manufacturer’s shipment is smooth, and the market price keeps rising. In the second week of June, the butanone market continued to rise and rise. Starting on the 9th, many factories stopped for maintenance. The factory inventory decreased and the supply was tight, which brought certain benefits to the market. It is understood that the butanone market as a whole began to increase broadly from the 10th, but most butanone factories chose to close the offer without reporting due to the market price turbulence. After the quotation was resumed on the 12th, according to the monitoring data of the business agency, the average ex factory price of butanone had risen to around 8733 yuan / ton, and the price during the closing period increased by 2000 yuan / ton, or 30.2%, which was 40.11% higher than that at the beginning of June. However, some insiders said that the sharp rise in prices did not rule out the intention of high price speculation. Under the real high price, there was a strong wait-and-see atmosphere in the market, with few replenishers, and the supply-demand stalemate was revealed. We heard that the actual transaction in the butanone market on the 11th and 12th had shown signs of let loose.
The butanone market fell nearly 11% this week
On Monday (15th), many butanone factories closed their offers but failed to make them available. A few of them began to reduce their prices rationally. The price reduction range is around 100-300 yuan / ton. The factory inventory is always low. At present, the inventory is mainly in the secondary market. The weakness of the terminal demand affects the delivery rhythm. The downstream procurement conflicts with the high price, and the procurement strength is limited. The butanone market fell all the way this week. The industry More careful operation. At present, as of the 21st day, according to the monitoring data of the business agency, the average ex factory price of domestic butanone market is around 7833 yuan / ton. Compared with the average price of 8766.67 on June 12 a week ago, the price has been reduced by 933 yuan / ton, nearly 11%. Among them, the market in South China is not smooth, the reference price of butanone factory is around 7600 yuan / ton, which falls by 1000 yuan / ton this week after the sharp rise, with a weekly drop of 11.6%; the market in East China is weak, and the reference price of butanone factory is around 7700 yuan / ton, which falls by 800 yuan / ton this week after the sharp rise, with a weekly drop of 9.41%; the market in North China is down, and the reference price of butanone factory is around 7400 yuan / ton, which falls after the sharp rise This week, it fell 600 yuan / ton, down 7.5%.
Attached are the starting conditions of some butanone plants in this week (6.15-6.19) (for reference only):
Name of enterprise, capacity, unit operating rate and operation
Lanzhou Petrochemical 60000t / a 80% normal
40 thousand tons / year of Dongming Petrochemical, 80% normal
Zibo Qixiang 150000t / a 80% normal
Hebei Zoje 30000 T / a 100% normal
Ningbo Haiyue 40000 tons / year 0 parking
Dushanzi Tianli 40000 / T 80% normal
On the upstream side, in June, the decline of liquefied natural gas came to an end for the time being, and a wave of small gains came in the first ten days. According to data monitoring of business agency, the average price of LNG on June 11 was 2503.33 yuan / ton, 1.35% higher than 2470 yuan / ton on June 1, and 27.51% lower than the same period last year. This week, the LNG market rose weakly, and the overall market was relatively stable at the beginning of the week, with a slight downward trend in some regions over the weekend (19). According to the monitoring data of business association, the reference price of LNG on June 19 was 2483.33 yuan / ton, up 13 yuan / ton or 0.54% compared with 2470 yuan / ton on June 1.
On the whole, although the butanone inventory is at a low level, but in the absence of a clear positive overall supply and demand, the market has a strong wait-and-see atmosphere. It is expected that the market will be dominated by narrow range consolidation in the short term, and traders will continue to reduce the ex factory price of butanone in order to stimulate shipment.