SunSirs--China Commodity Data Group

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Cost supply double support MEK rose nearly 22% in March

March 31 2022 13:37:37     

According to the monitoring data of SunSirs, as of March 25, the average ex factory price of butanone in the domestic market was 14833RMB/ton. Compared with the reference price of butanone on March 1 (12166RMB/ton), the price increased by 2667RMB/ton, or 21.91%.

It can be seen from the data monitoring chart of SunSirs that since March, the domestic butanone market has been moving closer to the high-end as a whole. On the first few days of March, the recovery of downstream demand for butanone was still relatively slow, and the overall butanone market fell slightly for a short time. With the end of the Winter Olympics and the gradual liberalization of logistics and transportation, the downstream demand for butanone also increased, and the mentality of the operators improved. On the 4th, the offer price of butanone factory increased slightly by 100-200RMB/ton. The trading atmosphere in the butanone field was good, but the actual volume was still cautious. Therefore, the rise of butanone market was slow in the first few days of the month, and the butanone market ushered in a wide rise from the 7th, The high level of raw materials gave strong support to the cost of butanone. As of the 11th, the average ex factory price of butanone exceeded 13100RMB/ton, the downstream demand performance was still cautious, and the trading atmosphere in the venue was general. Then, the high-level consolidation and operation of butanone market dominated.

Until late March, the domestic butanone market started rising again, foreign butanone units were temporarily shut down, and the export side of butanone improved. The tight domestic spot supply of butanone supported the high-level and strong offer of butanone industry. From the 21st, the butanone market continued to move closer to the high-end. As of March 25, the ex factory price of butanone rose to a high point, the high-end price was around 15000RMB/ton, and the average ex factory price of butanone was around 14833RMB/ton, compared with the beginning of the month, The increase has been nearly 22%. At present, butanone is below the high level, the downstream demand is cautious, and it mainly needs to be purchased.

Upstream, in March, the domestic liquefied gas market fluctuated significantly and operated upward as a whole. According to the data monitoring of SunSirs, the reference price of liquefied gas was 6940RMB/ton on March 25, up 11.11% compared with 6246RMB/ton on March 1.

Future analysis of butanone

At present, the cautious mood in the venue has intensified, but it is heard that during the period from the end of March to the beginning of April, the butanone device in the venue is expected to stop. It is expected that the supply of butanone will continue to be tight in the short term. Therefore, the butanone datagrapher of SunSirs believes that in the short term, the butanone market will continue to be strong.

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

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