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Butanone: market data analysis in the first quarter

Views: 0     Author: Site Editor     Publish Time: 2022-04-13      Origin: Site

In the first quarter of 2022, the domestic butanone market generally showed a shock upward trend, with high and low prices at the end of March and early January respectively, with an increase of 28.7%.

From the perspective of price trend, the butanone market ended with an upward trend at the end of 2021 under the condition of tight supply. At the beginning of 2022, the upward trend continued. In January, driven by the stock preparation before the Spring Festival, the butanone market increased by 6.5%. In February, the butanone market rose first and then fell. After the Spring Festival, when the supply was not under pressure, it set off a round of rise, but the demand recovered less than expected, and then the high price fell back, taking back the previous increase. The market price at the end of February was basically the same as that at the beginning of the month. In March, the butanone market opened the upward channel again. Affected by the sharp rise of crude oil, the cost supported the price of butanone to stop falling and recover. In addition, supported by the favorable export, the domestic supply was reduced and the price of butanone continued to rise. In March, the butanone market increased by 23.3%.

In terms of supply, it is estimated that the output of butanone in the first quarter was about 123000 tons, down about 4% from the same period last year. This is mainly because the shutdown of Hebei Zoje unit and Ningbo Jinfa unit affected the decline of output. In March, the price of butanone rose, the profit level gradually improved, the operating rate of butanone plant increased, and the output also increased.

In terms of exports, the cumulative export volume of butanone from January to February was 30317.4 tons, an increase of 5.2% over the same period last year. Among them, 25946.34 tons were exported in January, a year-on-year increase of 40.5%, and 4371.06 tons were exported in February, a year-on-year decrease of 57.7%. In the first quarter of 2022, the overall volume and price of butanone exports rose simultaneously.

Overall, although the recovery of domestic demand in the first quarter of this year was less than expected, the export volume of butanone market increased year-on-year, the output decreased year-on-year, and the price of butanone also rose to a new high in recent ten years.

In April, Ningbo Jinfa, dongminglishu and other manufacturers stored parking or maintenance plans, and the supply side is expected to further reduce the volume. In addition, the export orders of butanone are good, the merchants have no worries about the inventory, and the price mentality may continue. However, there are many public health and safety incidents in many places. The pressure of road transportation leads to the rise of freight, the increase of supply turnover time, the meager profits of traders, the low trading intention, the insufficient short-term trading atmosphere in the market, and the room for the continued rise of butanone. It is expected that the upward pace of domestic butanone market in the short term will slow down, mainly high-level consolidation.

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