This week the market narrow down ketone (1.16-1.20)

This week the domestic market within a narrow range of butanone. Monday (January 16th) domestic enterprises offer price at 6870 yuan / ton, by the end of the week in January 20th domestic enterprises offer price at 6855 yuan / ton, down 0.22% to three month period, an increase of 12.19%.

Market analysis:

Products: MEK narrow market decline. Overall, week by CNPC Southern China billing price down 200 yuan / ton, the local market offer then went down, but as part of the downstream stocking completed, inside the new single transaction co.. As the New Year approaching fleet reduced, coupled with Shandong tight supply, sent to a number of delays, also lead to rising freight logistics, shippers offer is still too high. There are not many good fundamentals, until the weekend in East China to discuss the market reference price in 6750-6850 yuan / ton, since the Southern China market talks in 6950-7000 yuan / ton cash.

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