According to data monitoring by Business Society, as of November 7, 2023, the domestic market price of butanone was referenced at 7566 yuan/ton. Compared with November 1, 2023 (reference price of butanone was 8100 yuan/ton), the price was reduced by 534 yuan/ton, a decrease of 6.56%.
| Gamma-PGA (gamma polyglutamic acid) |
From the data monitoring chart of Business Society, it can be seen that since the fourth quarter, the overall market situation of domestic butanone has been weak and declining. Entering November, the decline in the butanone market has not stopped, and downstream demand continues to be weak. The overall focus of the butanone market continues to move towards a low level. As of November 7th, the domestic butanone market price is referenced around 7100-7600 yuan/ton, while the high level price is referenced around 8000 yuan/ton, with a drop of over 6% within seven days.
Factors influencing the downward trend of butanone market:
In terms of demand: Currently, the inquiry atmosphere on the butanone market is light, and the overall follow-up of downstream demand is insufficient. There are few new orders and transactions, and the support provided by the demand side to the market is limited. The mentality of the operators is average, and the wait-and-see atmosphere on the market is strong.
On the supply side: Due to the recent overall boost in downstream demand in the butanone market, the overall performance has been poor. The pace of butanone shipment is slow, and the supply pressure from butanone factories and suppliers is gradually increasing. Therefore, the support provided by the supply side to butanone is also limited.
In terms of cost: Currently, the overall performance of the C4 market for butanone raw material ether is weak, and it is difficult to provide stable support for butanone at the cost side.
Prediction and Analysis of the Future Market of Butanone
At present, the domestic butanone trading atmosphere on the market is still relatively light, with insufficient support from both the demand side and the cost side. It has been heard that some devices have plans to start operating in the near future, and the overall operating rate may increase again. The butanone data analyst from the Business Society believes that in the short term, there is still a narrow downward risk in the domestic butanone market, and the specific trend needs to pay more attention to specific news changes on the supply and demand side.
| http://www.lubonchem.com/ |