Butanone: The price increase has become the main theme, quickly breaking through the eight thousand mark

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Zhongyu Information In-depth observation

Since the end of August, the domestic butanone market has risen sharply due to the shortage of goods, of which the East China market has risen from 6500 yuan / ton to more than 8000 yuan / ton, an increase of more than 1500 yuan / ton. The South China market rose to a high of 8300 yuan / ton, an increase of more than 1100 yuan / ton.

However, in the case of little change in overall demand, the overall spot supply of butanone in China has recently been tight, and the market price has shown an upward trend of the focus of discussion. On the one hand, some domestic butanone manufacturers in mid-to-late August shipped more supply of large contracts, the destocking effect is obvious, resulting in a subsequent reduction in spot volume, while traders have previously been bearish sentiment, and actively let profits after shipment, the hand holdings are limited, the overall inventory of the market is low. On the other hand, the CNPC plant was affected by the insufficient supply of raw materials, and the operating load was not high; the Dushanzi Tianli plant was shut down for maintenance; coupled with the continuous depreciation of the renminbi, the export of butanone was good, and the main plant in Shandong reduced the domestic supply. The concentration of multiple factors has triggered a phased shortage of goods in the market.

At the beginning of September, the current factory delivery of pre-orders, and traders due to the relatively dispersed holding of goods, the reluctance to sell sentiment is more obvious, the follow-up Mid-Autumn Festival and National Day double festival is approaching, some downstream end users enter the market in advance to replenish, the overall market shipment is acceptable, the factory price continues to rise, butanone market price is still further improved.

Subsequently, with the completion of the downstream stage of replenishment, the multi-rigid demand margin call transaction is the mainstay, the supply tension situation will be alleviated, and the rise of the butanone market will slow down. In the short term, in the case of insufficient supply, it is expected that the market price of butanone may still rise.

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