According to data monitoring by Business Society, as of October 26, 2023, the domestic market price of butanone was set at 8133 yuan/ton. Compared to October 19, 2023 (reference price of butanone was 8533 yuan/ton), the price was reduced by 400 yuan/ton, a decrease of 4.69%.
From the data monitoring chart of the Business Society, it can be seen that after the end of the National Day holiday in October, the overall market situation of domestic butanone has started to decline weakly. Entering this week, the overall decline in the butanone market has not stopped, and the price trend continues to move towards the low end. On October 26th, the domestic market price of butanone referred to 7900-8300 yuan/ton, and some low prices in Shandong region have dropped to around 7700 yuan/ton. Within seven days, the price will be reduced by about 300-400 yuan/ton.
Factors influencing the decline of butanone market after the holiday:
In terms of demand: Currently, the overall performance of downstream demand for butanone is weak, and terminal procurement is cautious. It is difficult to effectively support the butanone market due to the constraints on the demand side. New orders for butanone on the market are limited, the inquiry atmosphere is cold, and the mentality on the market is empty.
In terms of supply: After the holiday, the overall shipment of butanone was poor, and the pressure on on-site supply increased. The bearish sentiment gradually rose, and the actual transaction volume was less than expected. The overall negotiation of the butanone market declined, and the market eased and declined.
Prediction and Analysis of the Future Market of Butanone
At present, the trading atmosphere of domestic butanone on the market is still weak, with a strong wait-and-see atmosphere. There has been no significant improvement in the demand side of downstream demand, and it has been heard that some downstream factories may have short-term parking and maintenance plans, providing support for butanone is also weak. Business Society butanone data analysts believe that in the short term, the domestic butanone market will mostly be weak and adjust its operation, and the specific trend needs to pay more attention to specific news changes on the supply and demand side.
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