Price trend: acetone market rose sharply after the festival. According to the monitoring data of the business agency, the quotation of acetone for mainstream factories in East China was 7000 yuan / ton before the festival, 8000 yuan / ton on May 12, up 14.3%; the quotation of market in East China rose 13.7% from 7300 yuan / ton before the festival to 8300 yuan / ton on May 12, up 13.7%.

Up to now, the offer of acetone in China’s mainstream market: 8200-8300 yuan / ton in East China, 8300 yuan / ton in surrounding areas of Yanshan and Shandong, and 8000 yuan / ton in South China.

Analysis and comment: from the product itself, take East China as an example, on May 12, the national mainstream factories increased 300 yuan / ton again, Sinopec issued 8000 yuan / ton for the mainstream orders, Lihua yiweiyuan chemical offered 8200 yuan / ton, Yangzhou Shiyou offered 8200 yuan / ton. Acetone market in East China rose 5% to 8300 yuan / ton on the 12th from 7900 yuan / ton in the 6th daily report; in terms of supply, the port inventory dropped below 7000 tons and the port warehouse was at a low level; in terms of domestic plants and devices, the 9-day shutdown and overhaul of 350000 ton / year phenol ketone plant in Tianjin, Zhongsha, lasted for 2 months; there was no volume of export sales of Jilin chemical.

From the perspective of industrial chain, the upstream raw material market shows an upward trend, with strong support from the perspective of cost. In terms of pure benzene, according to the monitoring of the business agency, the price of pure benzene in Shandong Province was 2960 yuan / ton on the 5th and 3310 yuan / ton on the 12th, up 11.82% on the whole, On December 12, Sinopec Qilu Petrochemical Company quoted 3100 yuan / ton, Yangzi Petrochemical Company 3150 yuan / ton, Hainan Petrochemical Company 3150 yuan / ton, Wuhan ethylene company 3150 yuan / ton, Jingbo Petrochemical Company 3600 yuan / ton, Dongming Petrochemical Company 3500 yuan / ton, HSBC Petrochemical Company 3150 yuan / ton, Jincheng petrochemical company 3500 yuan / ton. In terms of propylene, the price of propylene slightly increased by about 50 yuan / ton during the May 1st period, and continuously increased by 50 yuan / ton every day from the 6th to the 11th. According to the monitoring data of the business agency, the price of propylene in Shandong region was 6459.2 yuan / ton on the 12th, up 7.73% compared with that on the 5th, and now the market turnover is between 6250-6400 yuan / ton.

In terms of downstream market, bisphenol a market, on December 12, the main offer of East China was 9750 yuan / ton, up 1000 yuan compared with 8800 yuan / ton before the festival. At present, tens of thousands of tons were listed in the factory, and 9700-9800 yuan / ton were mostly offered in Huangshan, Shandong and North China. The offer of South China exceeded 10000 yuan. Overall, the high-level consolidation operation of bisphenol a market on December 12. In terms of isopropanol, the mainstream plants are operating at full load, and most of the orders are placed to the end of May. At present, the market offer in Jiangsu and Zhejiang is 11500-11700 yuan / ton, and that in Shandong is 11200-11400 yuan / ton.

From the perspective of the chemical industry, the chemical industry index was 636 on May 11, up 15 points from May 5. The chemical industry index rose continuously after the festival, up 6.35% from the lowest point 598 on April 8, 2020. Today, the chemical industry market as a whole shows a trend of more gains and less losses in May. (Note: cycle refers to 2011-12-01 to now)

Market forecast: when the spot supply is tight, the mentality of the commodity holder slows down and the sentiment of pushing up is stronger. The downstream isopropanol is running at a high level. The quotation of bisphenol A and MMA market is strong and strong. The terminal inquiry is actively followed up, and the trading activity of the market remains unchanged. It is expected that the acetone market will continue to run at a high level in the short term, and the main reference offer in East China will be 8200-8400 yuan / ton.