This week, the focus of the domestic acetone market has mainly declined. The acetone market in East China has been trading at an average price of 5856 yuan/ton since May 15th, but has dropped to 5646 yuan/ton on May 22nd, a decrease of 3.59%.
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From the perspective of raw materials, the pure benzene market has not fluctuated much, and its overall impact on downstream acetone has weakened compared to the previous period; Traders face significant psychological pressure and have a strong intention to ship, resulting in continuous small declines in their offers. From the perspective of terminal factories, replenishment is mainly driven by urgent needs, with limited acceptance of high prices and a decline in overall industry operating rates. Actual orders are mostly small, and the participation of intermediate traders is limited. During the week, petrochemical manufacturers lowered their listing prices, and on the 22nd, Sinopec’s East China plant once again lowered prices by 100-150 yuan/ton. The factory adjustment is difficult to support the market.
The acetone offers in major mainstream markets across the country on May 22nd are as follows:
Region. Quotation on May 22nd /Weekly increase and decrease
East China region / 5600-5650./ -180
Shandong region / 5700-5750./ -180
Yanshan region / 5750./ -200
South China region / 5700./ -200
As of May 22nd, the acetone cargo statistics were 27500 tons, with 15500 tons still in transit. The current operating rate of phenol ketone enterprises remains at 75%, which is basically stable within the month.
Business Society predicts that the acetone market will consolidate and operate next week, and the fluctuation of raw material pure benzene will still be limited, which will have a significant impact on the difficulty of acetone production; Traders follow along to make offers, and the terminal conducts them according to demand. Small orders are the main focus, and the overall market is operating steadily.
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