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SunSirs: After 10 Days of High Operation, the Butanone Market Fell Again

April 22 2020 13:22:30     SunSirs (John)

Price trend

According to the price monitoring of SunSirs, as of April 21, based on the quotation of several sample enterprises, at present, the average ex factory price of domestic MEK market is around 6,166 RMB/ton, down by 1.07% compared with the previous day (April 20, the market reference average price is 6,233 RMB/ton), down by 70 RMB/ton, and up by 100 RMB/ton compared with the beginning of the month (April 1, the market reference average price is 6,066 RMB/ton), Up 1.65%.

 

Analysis review   

Product: From April to now, the trend curve of domestic MEK market can be described as "lying s" curve. At the beginning of the month, the MEK market continued to decline in March, with few orders in the market, poor inquiry atmosphere, factories unable to bear the inventory pressure, and prices continued to decline. On April 3rd, the market reference price fell to 5,900 RMB/ton, which is the lowest price of the current month and the weak market position for nearly a week. Until April 9, 10, there was a turnaround in the domestic MEK market, and the market price slightly increased. On the 11th, according to data monitoring, the average reference price of MEK in the market was around 6,066 yuan per ton, an increase of around 150 yuan per ton from the previous few days. Next, the market rose for two days in a row. To the 15th, the reference average price of MEK market was 6,234 RMB/ton, which is the highest price at present. Compared with the previous 11 days, the average price of MEK market rose by 200 RMB/ton, and the market kept stable until the 20th. As of the 21st, the market has been weak. At present, the MEK market in North China has fallen, referring to the ex-factory price of around 6,100 RMB/ton; the MEK market in southern China has been lowered, and the reference ex-factory price has been around 6,100-6,200 RMB/ton; the MEK market in East China fell, with reference to the ex-factory price of around 6,100 RMB/ton.

Industrial chain: In early April, the civil liquefied gas market changed its decline in March, and the overall market rose significantly. On the 15th, the market reference average price was around 3,350 RMB/ton, compared with the beginning of the month (the average reference price on April 1 was 2,673 RMB/ton), an increase of nearly 700 RMB/ton, an increase of 25.31%. From the 17th to the 20th, the civil liquefied gas markets in Shandong, East China and North China successively began to lower their quotations. As of the 21st, the mainstream price of liquefied gas in Shandong was around 2,900-3,150 RMB/ton, and the market was normal; the mainstream price of liquefied gas in North China was about 2,850-3,000 RMB/ton, and the market was normal; The price was around 2,820 RMB/ton, and the market transaction was normal.

 

Market outlook

Analysts of SunSirs believe that: due to the fall of crude oil again, it is expected that the market price of MEK may still fall in recent days, but the decline is limited, and the overall weak operation is dominated.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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