The Jin Jiu market fell short of expectations, and the overall domestic acetone market continued to decline, currently reaching a new low for the year. The East China acetone market reported an average daily price of 4525 yuan/ton from September 1st to 4408 yuan/ton on September 29th, a decrease of 2.58%. From the perspective of the national acetone market, there are fluctuations of the same magnitude.

From the supply side, regardless of the manufacturer’s phenol ketone unit, there were different durations of shutdowns and maintenance during the month. As a result, the operating rate of phenol ketone units in China decreased to a low point of 66%. The supply of goods under import contracts has arrived in succession, especially the supply of goods from Saudi Arabia has been significantly supplemented. The supply of goods from South Korea, Taiwan, China, China, and Singapore has also been supplemented in succession, while the supply of goods from Thailand may be reduced.
From the demand side, it is expected that the operating rate of downstream bisphenol A plants will increase, and the demand for acetone will also increase; The operating loads of isopropanol, MMA, and MIBK have slightly changed, while the demand for acetone has not changed significantly. From a cost perspective, there has been a slight increase in both the supply and demand of raw material pure benzene, and the supply continues to be lower than demand. It is expected that the short-term price will strengthen and consolidate.
In September, the cargo volume of acetone in East China was 44000 tons, of which 35200 tons have arrived, 3800 tons are in transit, and 2000 tons were in transit in October. From the perspective of shipping schedule, the subsequent import freight will mainly be sourced from South Korea, Saudi Arabia, and Thailand, with domestic sources also being supplemented.
Business Society expects that the pre holiday stocking of terminal factories will be basically completed, waiting for further clarification after the holiday. There are fewer trading days affected by holidays in October, which puts pressure on contract digestion. Supply has increased and demand has slightly increased. It is expected that the domestic acetone market will maintain a weak and volatile trend after the National Day holiday, and this year’s gold, silver, and silver prices will fall far short of expectations.