In recent days, the price of acetone in the domestic market has dropped continuously, until this week it began to rebound strongly. It was mainly because after returning from the National Day holiday, the price of acetone briefly warmed up and began to fall into a supply and demand game state. After the focus of the negotiation was frozen, the market spot supply was tight, and the supplier’s shipping pressure was low. While the terminal factory maintained just need to purchase, the demand release was limited, and under the pressure of the demand side, the price of acetone began to weaken. Until the beginning of this week, the port inventory was low, the mentality of the operators was relatively supportive, the offer of the cargo holders stopped falling and closed up, the enthusiasm of the terminal enterprises to enter the market for inquiry increased, the trading atmosphere in the market was active, and the focus of the acetone price market negotiation quickly rose. As of noon today, the average market price was 5950 yuan/ton, 125 yuan/ton higher than the average price of the same period last month, and 2.15% higher than the average price of the same period last month.

Acetone downstream price acceptance is limited

The price of acetone in the domestic market has risen rapidly since the return from the National Day holiday. With the end of the periodic replenishment of the terminal factory, the pace of purchasing has slowed down, and the demand has weakened. With the support of imports and domestic trade ships arriving at the port, the market has fallen into a situation of weak supply and demand, and the holders have been cautious about giving up profits. However, the port inventory remained low, and the acetone factory’s main supply contract and spot sales were limited. In addition to the tense situation of spot supply in the theater, the interest giving sentiment of the cargo holders turned weak. However, the terminal enterprises had limited acceptance of the acetone market price, and the downstream demand continued to be weak. Under the situation, the operators had a clear sense of the empty situation, and the focus of the negotiations continued to decline. The domestic market of acetone fell into a situation of inversion. Petrochemical enterprises lowered the unit price of acetone. The wait-and-see mood of the operators increased. For a time, the price of acetone market was weak and difficult to adjust. When the price fell to the downstream psychological level, some terminals went to the market to make replenishment at the bottom, the trading atmosphere in the market was slightly warmer, and the focus of market negotiation was slightly warmer. However, the good times did not last long. As the enthusiasm for terminal replenishment waned, the purchase of just needed products was maintained, and the market of acetone was waiting for the opportunity to move, the interest giving mood of the commodity holders was not high, and the market fell into a weak stalemate again. This week, the port inventory decreased slightly, and the supply side once again supported the acetone market. The cargo holders took the advantage of the trend to push up, stimulating the enthusiasm of some terminal enterprises and traders for market inquiries. The trading atmosphere in the market rapidly heated up, and the focus of acetone market negotiations rose rapidly.

Phenol ketone unit restart is imminent

In terms of devices: in the past month, a 480000 t/a phenol ketone device in a factory in Changshu was shut down for maintenance, and it is expected to restart in the middle of this month; A 480000 t/a phenol ketone plant in Ningbo was shut down for maintenance on October 31, and the maintenance is expected to take 45 days; Other phenol and ketone plants are operating stably, and the specific trend continues to follow.

The price of acetone raw materials fell

The market of pure benzene rebounded slightly. The arrival of imported pure benzene in East China increased, and the port inventory level increased. The operation of domestic pure benzene production plant is relatively stable. Styrene continued to rise, which boosted the buying mentality of downstream manufacturers. Downstream just needs to buy. However, it is difficult to improve the losses of downstream manufacturers in the short term. Overlapping the decline of crude oil, the price increase of pure benzene is limited. The price of Shandong Refinery has stabilized, the inventory is low, and the shipment is average. In terms of propylene at the raw material end, the domestic propylene market price rose slightly. Although the oil price declined slightly, the downstream manufacturers were profitable. They were more active in buying raw materials, and the manufacturer’s inventory pressure eased. In addition, the insiders were more optimistic, which supported the merchants’ offer to continue to rise, and the transaction atmosphere was fair.

In general, the factors supporting the rise of the acetone market are insufficient. It is expected that the domestic market will decline after the acetone price rises in the past week.

Chemwin is a chemical raw material trading company in China, located in Shanghai Pudong New Area, with a network of ports, terminals, airports and railroad transportation, and with chemical and hazardous chemical warehouses in Shanghai, Guangzhou, Jiangyin, Dalian and Ningbo Zhoushan, China, storing more than 50,000 tons of chemical raw materials all year round, with sufficient supply, welcome to purchase and inquire. chemwin email: service@skychemwin.com whatsapp: 19117288062 Tel: +86 4008620777 +86 19117288062