1、 Price trend
According to the data monitoring of the business agency, as of February 10, the average market price of butanone was around 8866.87 yuan / ton based on the quotation of several sample enterprises, which was slightly increased by 33 yuan / ton compared with that before the Spring Festival (January 21), and the market was stable as a whole.
2、 Market analysis
Products: after the Spring Festival, affected by the logistics and transportation and the downstream resumption of work delay. The domestic butanone market is light, the overall recovery of the domestic butanone market is limited, the market transportation is blocked, the market circulation speed is slow, most of the current spot goods are pre-determined sources of goods before the year, the supply side is limited, the price fluctuation is limited, and the trade logistics and demand links are shrinking. At present, the overall trading atmosphere of the domestic butanone market is flat. On July 7, the butanone market in South China was cold and weak. The price of butanone is 8900-9000 yuan / ton. The butanone market in East China has less transactions. The market reference price is 8650-8750 yuan / ton. The delivery price of Shandong Dongming pear chemical butanone is 8700 yuan / ton. East China logistics is basically in Stagnant state, most of the current spot goods are pre-determined sources of goods years ago, and the price fluctuation is limited. Ningbo Jinfa butanone factory price reference 875 – yuan / ton; Northwest Lanzhou Petrochemical butanone factory price reference 8500 yuan / ton; North China butanone market reference price in 8600 – 8700 yuan / ton. There is no pressure on the spot stock of the port, and the market is waiting.
Industrial chain: last week, the domestic liquefied gas market was weak, and the market trading atmosphere was flat. As of February 7, the price of LPG from Sinopec Guangzhou Chemical Co., Ltd. is 3850 yuan / ton, from Sinopec Jingmen Petrochemical Co., Ltd. is 3850 yuan / ton, from Sinopec Shanghai Petrochemical Co., Ltd. is 3620 yuan / ton, from Sinopec Qingdao Refining Chemical Co., Ltd. is 3450 yuan / ton, from Shandong Jincheng Petrochemical Group is 4200 yuan / ton, The price of LPG of Sinopec Shijiazhuang refining and chemical company is 3500 yuan / ton. The price of Sinopec Luoyang Petrochemical LPG is 3400 yuan / ton. Last week, the liquefied gas market (Shandong) continued to decline. After the holiday, the international crude oil fell mainly, which created a negative effect on the market. At present, the terminal market is delayed to start, and the demand is significantly reduced. The downstream market is mainly cautious and wait-and-see, and the enthusiasm for entering the market is not good. The manufacturer’s shipment has been blocked continuously, and the inventory pressure is relatively obvious. Although there is a demand for storage and replenishment after the festival, the market has not improved at present, and the price has been continuously weak.
Industry: according to the price monitoring of the business association, there are two kinds of commodities in the list of commodity prices rising and falling in the fifth week of 2020 (2.3-2.7). The top two commodities are power coal (1.47%) and petroleum coke (1.38%). There are 8 kinds of commodities falling on a month on month basis, and 1 kind of commodities falling by more than 5%, accounting for 6.3% of the number of commodities monitored in the sector; the top 3 products falling are dimethyl ether (- 6.69%), Brent crude oil (- 2.98%) and liquefied gas (- 2.23%). This week’s average was – 0.82%.
3、 Future forecast
According to the analysis of the data division of the business club, with the improvement of the downstream construction situation and the gradual recovery of the market atmosphere, it is expected that the market turnover will pick up this week.