According to the data monitoring of the business agency, as of December 03, the average ex factory price of domestic butanone market was 7633 yuan / ton, which was 66 yuan / ton lower than that on November 30, down 1.72%; compared with the price on November 1, the average price of butanone increased by 1233 yuan / ton, or 19.27%.
| Poly glutamic acid |
Insufficient export support, weak butanone finishing operation at the beginning of the month
At the end of November, the domestic butanone market was slightly loose, and some of the actual orders were traded at a small margin. In December, the market trend of butanone market has not changed significantly, and the overall situation is weak and stable. The market quotation of butanone in some regions has been reduced by 100-300 yuan / ton. At present, the overall stock of domestic butanone market is not much, but the downstream demand is much colder than that in November, and the support of new orders is insufficient, mainly due to the reduction of export orders and the general trading atmosphere of the market. Shandong Province: the reference price of butanone is 7500-7700 yuan / ton, which is 200-300 yuan / ton lower than that at the end of November. Jiangsu Province: the reference ex factory price of butanone is 7400-7600 yuan / ton, which is 100-200 yuan / ton lower than that at the end of November. As of December 3, the average ex factory price of domestic butanone market was 7633 yuan / ton, which was 66 yuan / ton lower than that on November 30, with a decrease of 1.72%; compared with the price on November 1, the average price of butanone increased by 1233 yuan / ton, or 19.27%.
On the upstream side, the market of liquefied civil gas (LPG) rose at the end of December after falling for five consecutive days from November 26 to 30. On December 1, the average price of liquefied gas in Shandong market was 3166 yuan / ton, compared with the average price of 3110 yuan / ton on November 30, the price in one day increased by 56 yuan / ton, or 1.82% in a single day. At present, according to the data monitoring of the business agency, the average price of liquefied gas in Shandong market on December 3 was 3200 yuan / ton. Compared with the average price of 3110 yuan / ton on November 30, the price increased by 90 yuan / ton, or 2.89% in three days.
Internationally, on December 2, the U.S. WTI crude oil futures market prices rose, with the settlement price of main contracts at $45.28/barrel, up $0.73. Brent crude oil futures market prices rose, with the settlement price of main contracts at $48.25/barrel, up $0.83. Oil prices rose on Wednesday as the approval of a vaccine in the UK boosted hopes for a recovery in fuel demand, and the market generally expected OPEC + to continue at the scale specified in the current production reduction agreement.
Insufficient demand for butanone will continue to weaken
At present, there are not many stocks in the plant, export orders are weak, the downstream demand is insufficient, and the attitude of the operators is not good. The butanone data analyst of the business society believes that the butanone market may continue to weaken in the short term, and more attention should be paid to raw materials and demand changes in the future.
| Polyglutamic acid |