Price trend
At the beginning of the month, the purchasing sentiment of terminal factories entering the market was weak, and traders offered discounts on shipments. With the continuous emergence of low-end prices, the market suffered significant setbacks. On July 1st, the acetone market in East China fell sharply, with negotiations dropping to 4,900 RMB/ton, and various regions across the country experiencing varying degrees of decline.
Analysis review
The acetone offers in major mainstream markets across the country on July 1st were as follows:
|
Regions |
Quotations on July 1st |
Daily change |
|
East China |
4,900 RMB/ton |
-250 RMB/ton |
|
Shandong |
5,250 RMB/ton |
-150 RMB/ton |
|
Yanshan area |
5,250 RMB/ton |
-150 RMB/ton |
|
South China |
5,000 RMB/ton |
-250 RMB/ton |
Market outlook
From the perspective of SunSirs, in the short term, the cost fluctuation is not significant, mainly due to the intensification of the supply-demand contradiction. It is expected that the market will adjust and operate at a low level.
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