During the week, the domestic acetone market was the main player, and as of Friday, the East China market had negotiated a price of 6950 yuan/ton. According to the Commodity Market Analysis System of the Business Society, the average price of acetone in the national market was 6732 yuan/ton on November 13th, and on November 17th, the market was at 7012 yuan/ton, up 4.12%.

The acetone offers in major mainstream markets across the country on November 17th are as follows:

Region/ Price on November 17th/ Weekly increase

East China region/ 6950./400

Shandong region/ 6850/200

Yanshan region/ 6850/200

South China region/ 7450./300

Port inventory has slightly decreased. On the 13th, the inventory of acetone at Jiangyin Port was 13000 tons, a decrease of 7500 tons compared to the 6th. The shortage of spot resources in the market has boosted the mentality of imported traders. At the end of this month, Wanhua Chemical Plant plans to shut down and wash the tower at the end of this month. In the face of tight spot resources, traders’ quotations are firm and pushing up, and terminal purchases are entering the market.

The factory has raised the listing price in a centralized manner. In the middle of the week, the phenol and ketone factory increased by 200 yuan/ton, and the market continued to rise after the factory bottomed out. On the 16th, Sinopec East China acetone increased its listing price by 200 yuan/ton to execute 6700 yuan/ton, while Sinopec North China acetone increased its listing price by 200 yuan/ton to execute 6800 yuan/ton. The profits of phenolic ketone enterprises have also increased, with an average operating rate of around 70%.

From a downstream perspective, MIBK has continued to decline. As of now, the market has negotiated at 13100-13200 yuan/ton, and there is still room for negotiation on actual orders. The weekly decline reached 4.12%, indicating poor trading on the market. Downstream bisphenol A showed a weak downward trend, with the main drop in on-site auctions during the week, with the negotiated price in East China dropping to 9600-9700 yuan/ton. Downstream MMA factories have shut down and reduced their load, resulting in a sharp decrease in overall demand for acetone.

The supply of goods from the port has gradually arrived, but the overall port inventory has not improved much. Domestic resources are shipped according to plan, and the spot resources of traders are limited. There is still a strong sentiment in the market. However, considering that the trading volume may shrink after downstream restocking for a period of time, it is expected that the acetone market in East China will strengthen and slightly increase, with limited room for growth. The mainstream negotiation is between 6950 and 7100 yuan/ton.