SunSirs: Insufficient Transactions, Acetone Market Continued to Be Weak
November 13 2024 16:00:34 SunSirs (John)
Price trend
The domestic acetone market continued to operate weakly. According to the analysis system of SunSirs, the national acetone market was quoted at an average of 6,017 RMB/ton on November 1st, 5,875 RMB/ton on November 12th, a decrease of 2.37%, and the quotations was 5,675 RMB/ton on November 12th in the East China region.
Analysis review
The domestic acetone market continued to decline, with average replenishment sentiment from terminal factories entering the market. The overall trading atmosphere was lukewarm, and traders arranged shipments according to the market. Real time negotiations and follow-up were limited, and trading was average. Quotations continued to move towards the lower end.
Market outlook
It is expected that the acetone market price in East China will be between 5,600-5,700 RMB/ton on November.
The acetone offers in major mainstream markets across the country on November 12th were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
5,680 |
-50 |
|
Shandong |
5,950 |
-100 |
|
Yanshan |
6,020 |
-50 |
|
South China |
5,780 |
-50 |
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