1、 Price trend

According to the data monitoring of business association, as of April 1, based on the quotation of several sample enterprises, at present, the average ex factory price of domestic butanone market is around 6066 yuan / ton, which is nearly 2000 yuan / ton lower than that at the beginning of the month (around 7900 yuan / ton on March 1), with a drop of 26%.

2、 Market analysis

Products: at the beginning of March, the butanone market as a whole gradually recovered, the operating rate increased, the logistics and automobile transportation gradually opened, the butanone refinery in Europe shut down, the domestic butanone export volume increased, the early market inventory was digested, the overall trend of the butanone market at the beginning of the month was relatively strong, and the inventory pressure was low. In the next few days, affected by the decline of international crude oil, the wait-and-see mood of the industry increased, the purchase volume of butanone was very small, and the situation of supply exceeding demand gradually formed, and the offer of butanone market began to loosen and fall. In the middle and last ten days of March, due to the resumption of foreign production of European butanone plants and the impact of international public events, the export volume of butanone was relatively reduced, the market inventory was accumulated, and the quotation of the manufacturer was lowered again. Therefore, looking at the weakness of the market in March, the market price has dropped from the high of 9000 yuan / ton after the start of the year to the current average price of 6000 yuan / ton in the reference market, and the low-end quotation of the market has even dropped below 5% 500 yuan / ton. At present, the butanone market in South China has been declining continuously, with the main offer of 5700-5900 yuan / ton and the low-end offer of 5500 yuan / ton; the butanone market in North China has continued to decline, with the main offer of 5900-6100 yuan / ton; the main offer of 5900-6200 yuan / ton has declined significantly in East China.

Industrial chain: in March, affected by the decline of international crude oil, the civil market of liquefied gas fell continuously. On March 31, the reference price of liquefied gas was 2706.67, down 26.85% compared with March 1 (3700.00). From the end of March, the market decline was obvious. On March 15, the average price of domestic liquefied gas market was 3466.67 yuan / ton, and on March 19, the average price was 2750 yuan / ton. On March 19, the daily decline was as high as 10.33%, and the weekly price drop was 20.67%. In the last ten days of March, the continuous rise of international crude oil supported the liquefied gas market. Shandong civil gas rose on the whole on the 24th, but at present, the terminal consumption capacity is still weak, the market lacks substantial advantages, and the downstream mentality is still cautious. At present, the mainstream price of liquefied gas market in Shandong is about 2500-2850 yuan / ton; the mainstream price of liquefied gas market in North China is about 2700-2750 yuan / ton; the mainstream price of liquefied gas market in East China is about 2450 yuan / ton.

3、 Future forecast

According to the analysis of the data division of the business club, although the butanone market is affected by multiple factors such as exports and crude oil, the main influencing factors are still the demand is difficult to follow up. It is expected that the butanone market will remain depressed for some time before the market demand is fully opened.