The domestic acetone market is weak and declining, with no significant fluctuations in market fundamentals. Traders mainly focus on promoting shipments, while downstream demand follows suit, resulting in limited market activity consolidation. According to monitoring data from Shengyi Society, the acetone market in East China reported an average daily price of 4200 yuan/ton from November 14th to 4163 yuan/ton on November 21st, a decrease of 0.87%.
In terms of supply, the overall operating rate of domestic phenol ketone plants has increased, mainly due to the situation of Fuyu Petrochemical and Zhejiang Petrochemical Phase I phenol ketone plants, with an overall operating rate of 80%. From the perspective of the port, the cargo arrived at the port as planned to replenish, and the port inventory increased to 26000 tons. The market circulation of goods is relatively sufficient, and traders have a greater intention to ship. After a period of price increase in the first half of the week, the offer fell.
From the demand side, the market is still lower than Xiaoning, and terminal factories and traders are entering the market to replenish goods. There is an expectation of an increase in the operating rate of downstream bisphenol A plants, which will lead to an increase in demand for acetone; 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.
Business Society expects a slight increase in costs, but there is still pressure on the supply side, and the demand side remains flat. Under various game scenarios, the acetone market will adjust its range next week. If costs continue to rise, prices may experience a slight increase.