SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Acetone IPA News > News Detail
Acetone IPA News
SunSirs: Overall upward trend of domestic acetone market
April 24 2022 16:07:28()

At the beginning of the week, the domestic acetone market rose as a whole, and the international crude oil rose in a wide range during the week, driving the strong rise of raw material pure benzene. In the early stage, the profits of phenol ketone enterprises were under constant pressure, close to the edge of profit and loss, and the enterprise offer was strong.

At the beginning of the week, the port inventory fell, and it is reported that Yangzhou Shiyou planned maintenance after May Day, and the supply of domestic goods is expected to decrease. Boosted by this, acetone rose significantly during the week. In addition, the logistics improved slightly before the festival, the mentality of cargo holders was positive, the mentality of keeping prices was high, and there were many uncertainties after the festival.

The downstream goods preparation increased after the festival, and various reasons promoted the overall upward trend of acetone. In terms of the national market, the average offer during the week rose from 5545 to 5675 RMB/ton, and the average offer in East China rose from 5400 RMB to 5600 RMB/ton. As of the press date, the negotiation in East China is 5600 RMB/ton, the offer in Shandong is 5650 RMB/ton, the offer in Yanshan surrounding areas is 5650 RMB/ton, and the offer in South China is 5800 RMB/ton.

The price of  benzene rebounded and rose slightly this week. On April 15, the price of pure benzene was 8250-8550 RMB/ton (average price 8380 RMB/ton). On Friday (April 22), the price of pure benzene was 8400-8550 RMB/ton (average price 8450 RMB/ton). The average price increased by 70 RMB/ton, or 0.84%, and 16.23% over the same period last year.

The downstream MIBK market is sluggish, and the low-end continues to bottom out. However, with the increase of terminal operating rate, the on-site procurement demand has increased and the activity has increased. Although the market has a narrow downward trend, the price stability of goods holders is the main operation near the weekend. Domestic isopropanol rose as a whole, and the market hit the bottom and rebounded after bottoming last week.

From the perspective of the SunSirs, the on-site supply is sufficient in the week at the end of the month. Although the terminal has recovered, it is difficult to purchase large orders. At the end of the month, the shipment intention of the cargo holders has increased. The business community expects that the acetone market may be weak and adjust the operation.

If you have any questions, please feel free to contact SunSirs with

Exchange Rate:

8 Industries
Rubber & Plastics
Non-ferrous Metals
Building Materials
Agricultural & Sideline Products