SunSirs: On May 17th, the National Acetone Market Saw a Weak Downturn
May 18 2023 09:32:53 SunSirs (John)
Price trend
On May 17th, Sinopec North China acetone was listed at a price of 6,300 RMB/ton, while Sinopec East China acetone was listed at a price of 6,300 RMB/ton. The domestic market was in a weak downturn, with prices negotiated in the East China region ranging from 6,000 to 6,050 RMB/ton.
Analysis review
The purchasing enthusiasm of the terminal factory was not high, and there was just rigid downstream that submitted an order. Under pressure, the intention of the holder to give up profits for selling out was obvious, and market negotiations were lukewarm and slow. The transaction follow-up was limited.
Market outlook
Today (18th), pay attention to the price adjustment trend of petrochemical enterprises, and it is expected that the acetone market will be weak and difficult to adjust in the short term.
On May 17th, the acetone offers in major mainstream markets across the country were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
6,000 |
-150 |
|
Shandong |
6,350 |
-50 |
|
Yanshan |
6,350 |
-50 |
|
South China |
6,900 |
10 |
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- 2023-10-11 SunSirs: After the Holiday, the Domestic Acetone Market Continued to Decline
- 2023-09-14 SunSirs: Supply Was Tight, Domestic Acetone Market Continued to Rise
- 2023-08-17 SunSirs: Factories Adjusted Up, Acetone Market Was Narrowly Upward
