The focus of the domestic acetone market has increased, with discussions in the East China market reaching between 7350 and 7450 yuan/ton. According to the Commodity Market Analysis System of the Business Society, the national acetone market was trading at 7375 yuan/ton on October 12th, and on October 16th, the market was trading at 7538 yuan/ton, an increase of 2.2%.

The supply side is tightening. Port inventory has declined, with Jiangyin port inventory dropping to 12500 tons on the 16th (25000 tons in Hengyang and 10000 tons in West China), a decrease of 2000 tons compared to the beginning of last week. The operating rate of domestic units has declined, and the 400000 ton/year phenol ketone unit of Sinopec Mitsui will be shut down for maintenance on October 15th, with an estimated 4-5 days. Some factories in East China have also experienced negative operations, and the market’s spot circulation has tightened, which has boosted the mentality of traders. The opening of the week pushed up prices.

Rising raw materials and cost support. Affected by the significant upward trend of crude oil closing, the spot market for pure benzene in East China has increased by 7920 to 7980 yuan/ton. The weekend’s surge in crude oil has provided strong support for pure benzene, with downstream styrene following the trend, stimulating downstream users to purchase in the market and also driving the acetone market up.

From a downstream perspective, MIBK has remained stable for a long time, with poor intra market trading and a weak decline in bisphenol A. At the beginning of the week, there were multiple rounds of intra market auctions, and the final trading volume decreased compared to last week. The overall impact on the market was average, with the negotiated price in the East China region dropping to 10050-10300 yuan/ton.

The upstream of the industrial chain has increased, and the short-term supply has tightened. Acetone has rapidly increased, but downstream products still show a sluggish trend. On the 17th, the factory price of Lihua Yiweiyuan Chemical Acetone products was increased by 200 yuan per ton at the opening. It is expected that acetone in East China will stabilize and rise within a narrow range, with mainstream discussions ranging from 7400 to 7500 yuan/ton.