According to the data monitoring of the business agency, as of November 18, the average ex factory price of domestic butanone market was 6833 yuan / ton, which was increased by 433 yuan / ton or 4.77% compared with the price on November 1.
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Low inventory support, butanone market rose steadily
In November, the domestic butanone market as a whole entered a benign conduction. On the 2nd and 3rd, the market quotation of butanone rose slightly, with reference to 200-300 yuan / ton. As of November 18, the average ex factory price of domestic butanone market was 6833 yuan / ton, which was increased by 433 yuan / ton or 6.77% compared with the price on November 1.
Upstream, this week’s LPG market fell. On November 17, the civil market of liquefied gas in Northeast China fell as a whole, with a light trading atmosphere. Downstream market enthusiasm is not high, multi-dimensional rigid demand replenishment, good market is limited. The civil market of liquefied gas in Shandong Province rose and fell with each other, but the range was not large, mostly about 20-50 yuan / ton. The atmosphere of market transaction was fair, and the current mainstream transaction price was about 3100-3120 yuan / ton. The general market for liquefied gas continued to decline in North China. At present, the terminal consumption is general, downstream market entry is cautious, mainly wait-and-see.
Internationally, on November 17, the U.S. WTI crude oil futures market prices rose slightly, with the settlement price of main contracts at $41.65/barrel, up $0.31. Brent crude oil futures market prices fell slightly, with the settlement price of main contracts at $43.75/barrel, down $0.07. Oil prices remained mainly stable on Monday with little fluctuation. The market was worried that the blockade measures taken to curb the rebound of the epidemic may depress fuel demand, offsetting the positive effects of vaccine expectation and OPEC + production reduction.
New single support poor butanone finishing
At present, the overall stock of butanone market is on the low side, but there are not many new orders and the demand is general. Therefore, the butanone Data Engineer of the business agency believes that it is slightly difficult for the domestic butanone market to continue to go higher in the short term, and the main task is to stabilize the operation, and more attention should be paid to raw materials and demand changes in the specific trend.
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