The domestic acetone market first suppressed and then rose, and last week’s fluctuations in international oil prices drove up the market price of raw material pure benzene. The acetone market in East China has been trading at an average price of 5350 yuan/ton since June 16th, but has dropped to 5300 yuan/ton on June 23rd. During this period, the transaction price has dropped to 5200-5250 yuan/ton, and the overall market is hovering at a low level.
In terms of supply, the operating rate of the phenol ketone factory is at 80%. During the week, Yangzhou Shiyou will be shut down for maintenance, while Tianjin Zhongsha will be in operation; In terms of imports, last week’s shipment statistics were nearly 30000 tons, indicating a relatively high supply.
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In terms of demand, downstream bisphenol A has reduced its demand for acetone, but the demand for MIBK and isopropanol has increased. However, the demand for high-temperature avoidance of solvent chemicals has decreased in summer.
The acetone offers in major mainstream markets across the country on June 23rd are as follows:
Region./Quotation on June 23rd /Weekly increase and decrease
East China region / 5300./ -50
Shandong region / 5450./ 0
Yanshan region / 5450./ 0
South China region / 5420./ -30
From the perspective of Business Society, the short-term acetone market is unlikely to be favorable, with relatively loose supply and demand following up on demand. Recently, attention has been paid to the impact of cost, and it is expected that the acetone market in East China will be negotiated around 5300-5350 yuan/ton.
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