This week, the domestic acetone market fell mainly. The East China acetone market has been quoted at 5,856 RMB/ton since May 15, and fell to 5,646 RMB/ton on May 22, a drop of 3.59%.
From the perspective of raw materials, the benzene market has not fluctuated much, and the overall impact on downstream acetone has weakened compared with the previous period; traders are under great psychological pressure, have a greater intention to ship, and the quotations continue to fall slightly. From the perspective of terminal factories, replenishment is mainly based on rigid demand, and the acceptance of high prices is limited.
The overall industry operating rate has declined, and there are many small orders, and the participation of intermediate traders is limited. Petrochemical manufacturers lowered their listing prices during the week, and Sinopec East China Factory lowered its prices again by 100-150 RMB/ton on the 22nd. Factory adjustments are difficult to support the market.
The acetone quotations in major mainstream markets across the country on May 22 are as follows:
|
area |
Quote on May 22 |
Weekly rise and fall |
|
East China |
5600-5650 RMB/ton |
-180 RMB/ton |
|
Shandong region |
5700-5750 RMB/ton |
-180 RMB/ton |
|
Yanshan area |
5750 RMB/ton |
-200 RMB/ton |
|
South China |
5700 RMB/ton |
-200 RMB/ton |
As of May 22, the statistical volume of acetone cargo was 27,500 tons, and there were still 15,500 tons of acetone in transit. The current operating rate of phenol-acetone enterprises remains at 75%, which is basically stable within the month.
SunSirs predicts that the acetone market will consolidate next week, and the fluctuation of raw material benzene will remain limited, which is unlikely to have a significant impact on acetone; traders will make inquiries on the go, and terminals will conduct on demand, mainly small orders, and the overall market will consolidate.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
