SunSirs: Butanone Market Finally Broke Trough and Rebounded Slightly

Price trend

According to the data monitoring of SunSirs, as of April 10, based on the quotation of several sample enterprises, at present, the average ex factory price of domestic MEK market is around 6,067 RMB/ton, up 134 RMB/ton or 2.25% compared with the average market price of 5,933 RMB/ton before the festival (April 3).

Analysis review   

Product: Entering April, the domestic MEK market has not changed significantly. At the beginning of the month, the trend of the MEK market continued to decline, with new orders seldom traded on the market, inquiries were quiet, and the actual transaction prices of the industry also fell loosely. In order to ensure the basic profit, the traders tried their best to sell at a reduced price. At present, the pressure on the spot market is large, shippers are not active in receiving goods, and market prices continue to be depressed. Until April 9, 10, there was a turnaround in the domestic MEK market, and the market price slightly increased. At present, the quotation of MEK market in North China is up, with reference to the factory price of 6,000 RMB/ton; the quotation of MEK market in South China is up, with reference to the factory price of 5,00-6,000 RMB/ton, with a maximum increase of 400 RMB/ton compared with that before the festival.

Industrial chain: At present, the mainstream transaction price of Shandong civil gas market is about 2,700-2,950 RMB/ton, and the market transaction is normal; the market price of liquefied gas in East China is stable. The mainstream price is about 2,950-2,970 RMB/ton, and the market turnover is normal; the mainstream price of liquefied gas market in North China is about 2,900-3,000 RMB/ton, and the market turnover is normal. After the feed gas ethers and before ethers, the four mainstream carbon prices are around 2,650-2,750 RMB/ton. The downstream transactions have improved, and the low price range has been consolidated slightly.

Market outlook

According to the analysis by the data analyst of SunSirs, the trading atmosphere in the MEK market has been warmer at present, but at present, the market's positive side is relatively limited, and the pressure of continued rising in the short term is large.

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