Price trend
On April 6th, Sinopec North China raised its listing price by 200 RMB per ton and executed 6,400 RMB per ton.
Analysis review
The overhaul of the Yanshan Petrochemical plant was imminent, and the operating rate of domestic phenolic ketone plants had declined. In April, as the plant overhaul season enters, it is expected that the supply of domestic goods will decline. At the beginning of the month, supported by the rising cost of crude oil, the reluctance of cargo holders to sell increased, and the market quickly pushed up.
Market outlook
It is expected that there will still be upward momentum on the 7th.
The acetone offers in major mainstream markets across China on April 6th were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
6,300 |
150 |
|
Shandong |
6,400 |
100 |
|
Yanshan |
6,450 |
150 |
|
South China |
6,600 |
150 |
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