Since July, the domestic acetone market has been continuously rising. According to the Commodity Market Analysis System of Business Society, the national acetone market has risen from 5432.5 yuan/ton on July 1st to 6075 yuan/ton on July 21st, a cumulative increase of 11.83%. The negotiated price of acetone market in East China was 5200-5250 yuan/ton on July 1, and the market price rose to 6000 yuan/ton on July 21, with a cumulative increase of 15.83%

The supply of domestic factories has decreased. Within the month, the load of Shenghong Refining and Chemical’s 650000 ton/year phenol ketone plant decreased to 60%, and Jiangsu Ruiheng’s 650000 ton/year low load operation supply was limited; Ningbo Taihua also experienced a brief shutdown of 630000 tons per year. It is reported that the Yangzhou Shiyou device is operating normally, but due to shipping issues, shipments are suspended and sales are limited. Major domestic factories have low inventory levels, no shipping pressure, and a decrease in social supply.

The supply of imported goods is limited, and inventory has repeatedly dropped to a low level near 10000 tons. On the 21st, the port inventory dropped to around 10000 tons, and there were few available goods in the market. In the low inventory state of the port, the recent arrival volume of the port is limited. On July 10th, the port inventory was 7500 tons, and on July 17th, the port inventory was only 15500 tons. According to statistics, the source of goods in transit is less than 3000 tons, and the short-term replenishment is limited. It is difficult to have much support for the supply side, and near the settlement of factory contracts, the domestic resources of traders are also limited. Traders have little intention of lowering their prices without pressure on supply.

Average price trend of acetone in the national market

The industry mentality has been boosted, and the enthusiasm for entering the market has increased. Under the tight supply of goods in the market and the difficulty of improving in the short term, the enthusiasm of intermediate traders to enter the market has increased, the willingness to stock has increased, and the inquiry atmosphere of major downstream factories entering the market has significantly improved, with the market focus constantly rising.

Downstream products such as MIBK and MMA have abundant profits, and some of them use bidding to provide support for the upward movement of acetone. However, with the rapid increase in market focus and resistance from other downstream factories, the profit margin has been squeezed, and the participation of traders has increased at the end of the month. However, there are many uncertain factors in the later stage, and acetone remains strong in the short term, making it difficult to have broad fluctuations. Pay attention to market transactions.