SunSirs: The Overall Butanone Market Fell 1.81% On October 17
October 18 2019 13:56:42 SunSirs (John)Price trend
According to the survey data of SunSirs, the domestic butanone market is weak as a whole this week. As of October 17, based on the quotations of several sample enterprises, the average price of butanone market is around 9016 RMB/ton, down 1.81% compared with October 16.
Analysis review
Product: At the beginning of this week, the butanone market was in a weak trend as a whole. Until Thursday, the price of butanone market decreased by an increasing margin, and the factories successively reduced prices for shipment. In South China, there were more ships this month, the market mentality was not good, the market transaction orders were less, and the overall market mentality was bearish. At present, East China and North China are slightly loose, with the market reference price around 9200 RMB/ton; South China is down to 9600 RMB/ton. The butanone market in Jiangsu continues to decline, with the reference price of dealers around 9100 RMB/ton; the butanone market in Ningbo is weak as a whole, with the reference price of dealers around 9000 RMB/ton, and some traders are willing to support the price; at present, the overall market mentality is bearish.
Market outlook
According to the analysis of SunSirs, it is expected that the overall trend of the butanone market will remain stable in the short term, and the price fluctuation will not be too large.
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