Price trend

Last week, the domestic acetone market rose first and then fell. The domestic acetone market was quoted at 4,835 RMB/ton on July 21, and 4,830 RMB/ton on July 28; the East China market fell from 4,770 RMB/ton to 4,750 RMB/ton.

Analysis review

During the week, the raw materials of benzene and propylene fluctuated within a range, and the cost support weakened. Hengli Petrochemical's phenol-ketone unit was shut down for maintenance, and the domestic phenol-ketone plant operating rate fell slightly to 75%. At the port, the replenishment of cargo was limited, and the port inventory dropped to 20,000 tons. The mentality of traders was boosted, the intention to sell at a low price weakened, and the quotations rose slightly. At the opening of the new week, the overall actual orders of the terminal were limited, and there was no lack of intention to sell at a low price. The current trading atmosphere was flat and the trading volume was yet to be released.

The operating rate of the downstream MIBK industry has increased, and the operating rate of MMA has declined with the reduction of the load of Zhejiang Petrochemical Phase II. The operating rate of the isopropyl alcohol industry has also declined slightly. The solvent industry has been affected by the high temperature weather and the rainy season in the south, and the overall demand for acetone has decreased. The downstream purchasing sentiment was not high, and most of them followed up with rigid demand.

The acetone quotations in major mainstream markets across the country on July 28 were as follows:

Future outlook:

In the new week, please focus on the restart of Hengli Petrochemical's phenol-ketone unit, the maintenance of Shanghai Xisa's unit, and the export of new capacity Zhenhai Refining and Chemical's supply. The port inventory was low at 22,000 tons. From the demand side, there is an expectation of an increase in terminal isopropanol, and MMA is also expected to rise slightly. From the cost side, there is little change overall. From the perspective of SunSirs, the short-term acetone market will mainly fluctuate in a range.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.