According to the data monitoring of the business agency, as of January 21, the average factory price of butanone in the domestic market was 6800 yuan / ton. Compared with the price on January 18 (6900 yuan / ton), the average price decreased by 100 yuan / ton, or 1.45%; compared with the price at the beginning of the month (7500 yuan / ton on January 1), the average price decreased by 700 yuan / ton, or 9.33%.
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Weak demand for butanone continued to fall in January
After the new year’s Day festival in January, the overall trading atmosphere of China’s domestic butanone market was cold. Before the festival, the phased purchase of butanone in the downstream was over. The shipment in the secondary market was slow and there were not many new orders. The operating rate of the downstream terminal manufacturing industry of butanone was declining, the demand was weak, and the overall inventory pressure of the factory was relatively high. The butanone market continued to fall from the post festival to the middle of January. On the 13th, the average reference price of domestic butanone fell To 6900 yuan / ton, compared with the beginning of the month, the average price was reduced by 600 yuan / ton, and then the market was weak and the consolidation operation lasted for nearly a week. Entering this week, on the 19th, some factories in Shandong again slightly reduced the ex factory price of butanone by 100-200 yuan / ton. To the low-end quotation of butanone, the reference price was 6400-6500 yuan / ton. After hearing that the price was reduced, the factory’s shipment was smooth and the spot supply was tight. Most of them were customers with orders in the early stage. Then on the 24th of this weekend, the domestic butanone market was weak and stable as a whole, the overall inventory pressure in the factory was still not small, there were not many new orders in the market, the demand for downstream procurement was rigid, and the mainstream quotation was 6800-7200 yuan / ton.
As of January 21, the average factory price of domestic butanone market was 6800 yuan / ton, which decreased by 100 yuan / ton or 1.45% compared with the price on January 18 (6900 yuan / ton), and 700 yuan / ton or 9.33% compared with the price at the beginning of the month (7500 yuan / ton).
In terms of export, it can be seen from the figure that China’s butanone export volume will continue to increase from 2016 to 2020. In 2020, China’s butanone exports are mainly in Asia, and the first exporting country is Vietnam, which is mainly affected by the rapid development of Vietnam’s manufacturing industry. The second export area is Taiwan, but Taiwan mainly exports to Europe. Most of the other export destinations are South Asian countries, among which more and more small South Asian countries increase their purchase orders year by year. In 2020, butanone will be more dependent on exports, accounting for 34% in 2019 and 45% in 2020, with a full increase of 11%. But it is also caused by a series of chemical reactions brought about by this year’s epidemic, resulting in the accelerated weakening of domestic demand and the reduction of international production. The actual export dependence, which has risen by 5% this year, is relatively in line with the market. In terms of the export competition of butanone in China, the main competitor is Japan. After the signing of RCEP, China’s butanone has a certain international price advantage, with an increase of about 5% in 2021.
Short term multi weak finishing operation of butanone
Since 2021, the domestic butanone market has not shown any signs of recovery. Without the increase of downstream demand, it is expected that the butanone market will continue to be weak and stable in the short term, and more attention should be paid to the market volume.
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