According to data monitoring, as of January 19, 2024, the domestic butanone market price has increased by 1.79% compared with January 11, 2024.
The domestic butanone market as a whole showed a narrow increase. Recently, the C4 market price of METH has increased slightly after the cost end of METH, which has provided enhanced cost support for METH. The seven-day production cost of METH has increased by 0.27% per month. Therefore, due to the increase in production costs, some MEK factories and suppliers have raised the shipping price of METH in a narrow range, by about 50-100 yuan/ton. At present, the support provided by the downstream demand side of METH is average. Most of the new downstream orders are rigid orders, and the market trading atmosphere is light and moderate.
Forecast and analysis of the market outlook of METH
At present, the trading atmosphere of METH on the market is light, and the quiet demand side provides limited support for METH. The transmission between supply and demand in the METH market is average, and the market must have a wait-and-see attitude. In the short term, the domestic METH market price will mainly adjust within a narrow range. The specific trend requires more attention to the specific news changes on the supply and demand side.
According to market analysis system monitoring, the market price of isopropyl alcohol has dropped slightly this week.
The market price of isopropyl alcohol dropped slightly this week. The overall market trading sentiment is average. The upstream acetone market price fluctuated and fell, and cost support was weak. Downstream procurement is cautious, and orders are mainly received on demand. Industry players mostly maintain a wait-and-see attitude, with relatively few inquiries and slow shipments.
In terms of raw material acetone, the market price of acetone fluctuated and fell this week. Prices were lowered at the beginning of the week by 0.7%. At present, the replenishment intention of terminal factories has slowed down, the market trading atmosphere has declined with the market downward, and the transactions are limited.
In terms of propylene, the domestic propylene (Shandong) market price increased by 1.93% this week. Trading in the propylene market this week was fair. There is no pressure on the current market inventory, and the upstream has a strong willingness to push prices higher. It is expected that the slight increase will continue in the short-term market outlook.
Market outlook forecast
Upstream acetone prices fluctuated and fell, propylene market prices rose, and overall cost support was average. The downstream market demand for isopropyl alcohol is light, and there is little enthusiasm for purchasing goods. Market transactions are mostly cautious and wait-and-see. It is expected that the isopropyl alcohol market will fluctuate and consolidate in the short term.
As of January 19, 2024, the domestic n-propanol market price was basically the same as that on January 12, 2024. Compared with December 13, 2023, the price was increased by 100 yuan/ton, an increase of 1.27%.
The domestic n-propanol market is operating smoothly overall. Recently, the fundamentals of the n-propanol market have been relatively calm. There has been little adjustment on the supply and demand sides of the market. The n-propanol market has not experienced major fluctuations. The supply side of n-propanol has performed normally, and the downstream demand side has continued to purchase rigid demand. The overall supply and demand transmission normal. The n-propanol plant in Nanjing is operating normally, and the n-propanol market is operating stably as a whole. Dealers in various regions still have reservations about prices. Prices are not easy to monitor, which may lead to differences in specific negotiations. There are also differences in each region, and actual order negotiations are the main focus.
At present, the overall trading atmosphere in the domestic n-propanol market is mild, and the inquiries on the market are mostly for urgent orders. The n-propanol industry has a normal mentality and is mostly optimistic about the market outlook. In the short term, the domestic n-propanol market will be mainly stable and small movements, and the specific trend requires more attention to the news changes on the supply and demand side.
Post time: Jan-22-2024