Price Trend
According to the monitoring data of business associations, the butanone market continued to decline this week. As of August 23, according to the quotations from several mainstream regions, the overall average price of the butanone market was around 6,600 yuan/ton, down 166.67 yuan from August 16, a decline of -2.46%.
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II. Market Analysis
Products: This week’s butanone market as a whole is in a state of weakness, multi-factory quotations were lowered, the range was about 200 yuan to 300 yuan, TRADERS’transaction prices fell, and traders were more bearish on the aftermarket. In the middle of the week, the butanone market maintained a stable consolidation, and the decline was somewhat convergent. Some traders in Jiangsu region had a clear intention to bid up, and their quotations rose slightly again, resulting in a flat business atmosphere. At present, as of August 23, the transaction price of butanone in North China and East China is around 6,600 yuan/ton. Zibo Qixiang’s quotation is near 6,650 yuan/ton, and Dongming Pear Chemical quotation is near 6,400 yuan/ton. The market reference price in South China is around 7000 yuan/ton.
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3. Future Market Forecast
Business societies data analysts believe that: at this stage, downstream factories are still operating at a low rate, terminal demand has not been significantly increased, therefore, the butanone market may continue to be a little loose in late August, the specific need for real-time attention to the overall trend of the upstream and downstream market.
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