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After ending the continuous decline in July, entering August, the domestic butanone market as a whole did not improve significantly. Recently, with the market price falling slightly again, factories and traders began to show price intentions, butanone market temporarily stopped falling, the local slight exploration. Up to now, the price of the East China market refers to 6150-6200 yuan / ton of spot exchange.
However, the main factor restricting the rise of the butanone market is still the weak demand side. In July and august for more than half of the time, butanone downstream coatings, adhesives, slurries and other fields in the traditional off-season, while the butanone oxime industry, Hubei plant installation more parking, individual factories due to accidents due to the expected parking time is longer, the demand for raw material butanone shrinks. There is less demand for butanone in other wax, pesticide, electronics and other industries. At present, near the middle of August, the downstream construction situation has not improved significantly, and the demand for raw material procurement is still light. With the demand side still on the bearish side, the butanone market may lack the momentum to rebound sharply.
Then, the main reason why the seller of butanone is trying to raise the price is based on the expectation of a gradual improvement in the future market. On the one hand, in late August, Harbin Refining and Chemical and Dongming Pear Tree will gradually enter the stage of parking and maintenance, and the supply surface will be released to support the mentality of market participants. In addition, some downstream industries will enter the transition period of the traditional off-peak season, and downstream demand may slowly recover. In addition, the current profit margin of the butanone industry is small, and the cost side also has some support.
In summary, Zhongyu Information believes that although the butanone market has risen slightly, the short-term market wait-and-see mood is still relatively strong, and the follow-up still needs to pay attention to the follow-up of downstream demand.
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