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SunSirs: Supported by Exports, China’s Butanone Rose More Than 6% In a Single Day

April 15 2021 14:50:57     SunSirs (HU)

According to the monitoring data of the SunSirs, As of April 14, the average ex-factory price reference of domestic butanone market was 8,666 RMB/ton, compared with the previous working day (the average reference price of butanone on 13th was 8,166 RMB/ton), the average price increased by 500 RMB/ton, a one-day increase of 6.12%; Compared with 1 day (the reference average price of butanone is 8,033 RMB/ton), the average price increased by 633 RMB/ton, an increase of 7.88%.

Export support, butanone shock half a month end to rise

Before Tomb Sweeping Day, the domestic butanone market rose slightly, the transaction atmosphere of the butanone market was low, the downstream factory procurement was difficult to improve, and the overall inventory pressure of the domestic factory was not reduced. After Tomb-sweeping Day, the butanone market continued to rise slightly, but the market turnover atmosphere is still lukewarm, domestic downstream demand continues to cool, 8th and 9th, the price of butanone shocks down, then the market continued to operate weakly.

Until Monday (12th), butanone exports gave a certain support to the market, butanone market trend began to rise, market turnover atmosphere better, domestic factories reduce overall inventory pressure, April 14, affected by the east China area butanone plant parking and exports continue to grow to give support, butanone on spot supplies, butanone ex-factory prices sharply upward, some factories in shandong butanone ex-factory prices rose to 8800 RMB/ton, compared with 12th, prices rose 7000 RMB/ton. At present, the phenomenon of market closing is increasing. On the 14th, the domestic ex-factory price of butanone was around 8500-9000 RMB/ton, and the average price was 8666 RMB/ton. Compared with the 13th, the one-day increase was more than 6%, and compared with the beginning of the month, the cumulative increase was 7.88% within half a month.

According to the SunSirs: The following is the reference price of butanone in some areas of China in April

Product

Region

On April 1

On April 14

Rise and fall

Butanone

East China

7800-8000 RMB/ton

8800-8900 RMB/ton

+1000

Butanone

South China

8000-8300 RMB/ton

8800-9000 RMB/ton

+800

Butanone short-term market high stability, long - term still up momentum

At present, the downstream recovery of domestic butanone terminal is still relatively slow, and the operating rate of downstream factories is generally low, butanone prices are mainly supported by exports, the domestic downstream support is weak, the current butanone factories pay more attention to export orders, So SunSirs butanone analysts predict that, Butanone market price in the short term will continue to rise substantially in probability is small, and will maintain high and stable operation, to the end of April and early May, the downstream entity manufacturing industry wide recovery, the arrival of domestic demand for butanone to pull the opportunity, the market price is expected to rise again.

 

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