In early April, the butanone market fluctuated slightly and fell slightly

According to data monitoring by Business Society, as of April 15, 2024, the domestic market price of butanone was referenced at 8016 yuan/ton. Compared with April 1, 2024 (reference price of butanone was 8033 yuan/ton), the price decreased by 17 yuan/ton, a decrease of 0.21%.


In early April, the overall performance of the domestic butanone market fluctuated narrowly with a slight decline. At the beginning of April, the domestic butanone market remained stable and operated steadily. After returning from the Qingming Festival, the butanone market has been fluctuating for 7 days. In some regions, the shipment of butanone in the market is average, but due to the increased inventory pressure after the festival, the shipment has been narrowly discounted. On the 8th, the butanone market experienced a slight correction, with an adjustment range of 50-100 yuan/ton. Subsequently, the overall consolidation and operation of the butanone market were the main focus. As of April 15th, the domestic market price of butanone is around 7900-8400 yuan/ton.


Fundamental analysis


In terms of supply: Currently, some of the early parking devices in the butanone field have been repaired and started operation. In the later stage, the overall supply of the butanone market may increase, but some other devices also have parking and maintenance plans in the future. Therefore, it is expected that the production increment of the butanone market is limited in the short term.


In terms of demand: Currently, in the downstream slurry of butanone, the operation of large factories is relatively stable, and the demand for raw materials is stable. Some small and medium-sized factories have maintained low operation due to insufficient demand orders. In terms of adhesives, the overall order volume in the silicone adhesive market is average, while the downstream raw adhesive market is weak, putting pressure on overall shipments. In the short term, the positive support provided by bottom-up demand for butanone is not significant.


In terms of exports, domestic demand provides limited support for butanone, therefore, the export market will also be the focus of attention for the future butanone market. It is rumored that there may be maintenance plans for Japanese butanone plants in the second quarter, and the export volume of domestic butanone may increase. The boost in exports can greatly drive the domestic butanone market.


Market analysis of butanone


At present, the trading atmosphere on the butanone site is light, and downstream users are mainly on demand for procurement, with limited incremental new orders on the site. Overall, the Butanone Data Analyst from Business Society believes that in the later stage, if the positive effects on the export of Butanone can be gradually released, there is still a slight upward momentum in the Butanone market. However, the support from domestic demand for the Butanone market is generally average, and the overall upward trend of the Butanone market is limited. The specific trend still needs to pay more attention to the changes in supply and demand news.

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