After the National Day holiday, several domestic plants have been shut down for maintenance or preparation for parking. For example, Dushanzi Tianli will begin a one-month overhaul on October 7th, while Shandong Qixiang will temporarily halt operations around the same time, with a planned downtime of about five days. Harbin will also stop operations on the 9th. As a result, the utilization rate of blackening has dropped, and shipments have declined accordingly. This situation has led to a slight increase in the domestic market focus on butanone after the holiday.
In East China, the market remains weak, with downstream demand sluggish. In the Jiangsu market, prices are quoted at 7,400–7,450 yuan per ton, up by 50 yuan from before the holiday. In Ningbo, the price range is 7,450–7,500 yuan, but the shipping activity has slowed down significantly.
The South China market shows minimal fluctuations, with traders offering products at 7,800 yuan. However, both market demand and user demand remain weak, indicating a lack of purchasing power.
In North China, the market demand is not clearly visible, but with continued plant shutdowns across the country, prices have risen to 7,400–7,450 yuan. Sellers are reluctant to transact above 7,300 yuan, and factory sales in North China are not smooth, resulting in low ex-factory prices.
From an aftermarket perspective, although several companies have recently undergone overhauls, current social inventory levels remain high. Market consumption is expected to take a few more days to pick up. A potential rebound in the second half of the month is anticipated, though the positive factors are already being priced in, so the upward movement may not be too significant and is likely to be short-lived.
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