Price trend
The domestic acetone market first suppressed and then rose, and last week's fluctuations in international oil prices drove up the market price of raw material benzene. The acetone market in East China has been trading at an average price of 5,350 RMB/ton since June 16th, but has dropped to 5,300 RMB/ton on June 23rd. During this period, the transaction price has dropped to 5,200-5,250 RMB/ton, and the overall market is hovering at a low level.
Analysis review
In terms of supply, the operating rate of the phenol ketone factory is at 80%. During the week, Yangzhou Shiyou is shut down for maintenance, while Tianjin Zhongsha is operating with higher load; In terms of imports, last week's shipment statistics were nearly 30,000 tons, indicating a relatively high supply.
In terms of demand, downstream bisphenol A has reduced its demand for acetone, but the demand for MIBK and isopropanol has increased. However, the demand for high-temperature avoidance of solvent chemicals has decreased in summer.
The acetone offers in major mainstream markets across the country on June 23rd were as follows:
|
Area |
Quotation on June 23rd (RMB/ton) |
Ups and downs during the week (RMB/ton) |
|
East China |
5,300 |
-50 |
|
Shandong |
5,450 |
0 |
|
Yanshan |
5,450 |
0 |
|
South China |
5,420 |
-30 |
Market outlook
From the perspective of SunSirs, the acetone market is unlikely to have favorable conditions in the short term, with relatively loose supply and demand following up on demand. Recently, attention has been paid to the impact of cost, and it is expected that the acetone market in East China will be negotiated around 5,300-5,350 RMB/ton.
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