According to data monitoring by Business Society, as of December 20, 2023, the domestic market price of butanone was referenced at 7216 yuan/ton. Compared with December 1, 2023 (reference price of butanone was 7533 yuan/ton), the price decreased by 317 yuan/ton, a decrease of 4.20%.
From the monitoring chart of Business Society data, it can be seen that from December to present (12.1-12.20), the overall domestic butanone market has shown a weak downward trend. In early December, the domestic butanone market as a whole experienced a narrow downward trend, with loose downstream demand. The demand side provided insufficient support to the butanone market, and some butanone factories and suppliers slightly lowered the price of butanone by about 50-100 yuan/ton. As of December 10th, the butanone market experienced a decline of 0.88% in the first half of the year.
In the mid stage, the decline of the butanone market has not stopped, and downstream demand continues to be weak. The demand side continues to drag down the market, and the center of gravity of the butanone market has been continuously approaching at a low level. As of December 12th, the low-end price of butanone has dropped to around 7000 yuan/ton, followed by a weak consolidation operation in the market. On the 18th, some devices underwent temporary maintenance, and the expected supply of butanone in the field decreased. Some operators adjusted their mentality and raised the shipment price of butanone narrowly, with an increase of 50-100 yuan/ton, driving a slight correction in the butanone market. However, due to the limited boost from downstream demand, the rise of butanone was not continuous, and the market resumed consolidation and operation. As of December 20th, the domestic butanone market price reference was around 700-7600 yuan/ton.
Market Forecast and Analysis of Butanone
At present, the overall trading atmosphere in the butanone market is mild. The downstream of butanone has average digestion of raw materials, and procurement is mainly cautious and quantitative. The supply and demand pressure in the butanone market still exists. Business Society’s butanone data analyst believes that in the short term, the domestic butanone market is mainly adjusted and transitioned, and the specific trend still needs to pay more attention to the specific news changes on the supply and demand side.
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