According to data monitoring by the Business News Agency, as of March 28, 2023, the domestic market price of butanone was referenced at 8300 yuan/ton. Compared to March 1, 2023 (the reference price of butanone was 8766 yuan/ton), the price was reduced by 466 yuan/ton, a decrease of 5.32%.
As can be seen from the data monitoring chart of the Business Agency, since March (3.1-3.28), the overall domestic butanone market has shown a weak and declining trend. In early March, supported by the high cost of raw materials, the butanone market experienced a brief upward movement. As of March 10, butanone rose slightly by 1.14% in early March. However, downstream demand for butanone has consistently underperformed, with limited new orders and a weak market atmosphere. Therefore, due to the continued drag of insufficient demand side, the butanone market fell into a continuous downward trend in the middle and late March, and the market gravity continued to decline. As of March 28, the domestic butanone market price was referenced around 7800-8600 yuan/ton, with a decrease of about 300-500 yuan/ton compared to the beginning of the month.
Analysis of future market of butanone
At present, the overall transaction of butanone on the market is still cautious, and the downstream wait-and-see mood is strong. Buying and purchasing are mainly based on strict stock preparation. The butanone data analyst of the business agency believes that in the short term, the domestic butanone market will mainly adjust and operate in a narrow range, and the specific trend needs to pay more attention to the specific news changes on the supply and demand side.
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