Data shows that on June 14, the average price of acetone market in East China was 11900 yuan / ton, and on June 17, the price of acetone market in East China fell to 10700 yuan / ton, which was greatly reduced due to the reduction of purchase volume in market demand, 10.1%; from the perspective of the national market, in the surrounding areas of Yanshan and Shandong, the supply side is tight, the market supply is scarce, and the offer of the commodity holder is relatively firm, and the negotiation range is 11900-12300 yuan / ton, but the market transaction is rare. From the perspective of domestic factories, due to the market supply is still tight, the quoted price of factories is relatively stable and the overall adjustment is not large.
First of all, the acetone market fell sharply, mainly affected by the decline in terminal operating rate, and some terminal factories shut down in the whole industry. The downstream of acetone mainly includes isopropanol, MMA, MIBK, bisphenol A and other products. After more than two months’ sharp rise in acetone market, the market is at a high level with a rare history. The shutdown enterprises in the downstream industry have increased in succession. For example, MIBK industry has been completely annihilated in the middle of last month and all factories have been shut down. Other products follow the rise of acetone market, but the start-up is also gradually declining. The only reason is that the operating rate of isopropanol plant has been kept high due to the influence of overseas demand on disinfectant Market. After entering the high price of isopropanol in mid June, the demand of overseas disinfectant Market is also gradually looking for more substitutes, such as ethanol and n-propanol. Overseas orders decreased, and the operating rate of isopropanol plant fell. Today, the acetone market fell sharply.
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Secondly, the raw material market fell and the cost side fell. In terms of pure benzene as the main raw material, the market focus in Shandong Province is weak, the price of refined benzene in the refining industry is still lower, and the price difference between the refining industry and Sinopec is narrowed. According to the monitoring of business agency, the price of pure benzene in Shandong Province was 3750 yuan / ton on June 14, and 3670 yuan / ton on June 17, down 2.13%, and 3430-3700 yuan / ton on June 17. Propylene, another raw material, rose in a narrow range. The offer of propylene in Shandong Province rose from 6531 to 6777 yuan / ton, up 3.76%, but the production of phenol ketone is less propylene, which has far less impact than pure benzene.
Thirdly, the phenol ketone industry chain as a whole is mainly downward, and there are many negative positions in the upstream and downstream of the industry chain. According to the price monitoring of the business agency, only one kind of commodity rose in the price rise and fall list of phenolic ketone industry from June 15 to 17, 2020, and its commodity is propylene. There were 5 falling commodities in total. The main commodities falling on the 17th were isopropanol (- 2.94%), acetone (- 2.16%) and bisphenol A (- 0.81%). The average rise and fall was – 0.59%, and the phenol ketone industry chain rose and fell negative for three consecutive days.
According to the business association, the acetone market has been affected by the overhaul year and supported by the disinfection market demand. On the whole, it has been at a high level. This week, although the market has declined, it is still at a high level throughout history. After the sharp rise, there will be a big drop. Although the current supply side is tight, the downstream construction situation is not optimistic. The isopropanol factory is also reducing the operating rate. The high isopropanol in the overseas market is unsalable. The business agency predicted that the acetone market would continue to decline. This week, the mainstream market is expected to fall below 10000 yuan. However, the factories and imports are still tense. The high price suppliers still maintain a high price. The market is at a high level in the short term, and the weak market in the medium term is steadily falling.
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