The focus of negotiations in the domestic acetone market has declined. According to the Commodity Market Analysis System of Business Society, the negotiated price of acetone in the East China region fell to 5950 yuan/ton on May 19th, with a decrease of 300 yuan/ton or 6.3% during the week.
Sinopec lowered its listing price by 100-200 yuan/ton within the week. The downward adjustment of factories has a significant negative impact on the market. Although the operating rate of domestic phenolic ketone plants has declined and the inventory pressure of manufacturers is not high, market trading is sluggish, with fewer active inquiries from terminals and insufficient actual orders.
On May 19th, the acetone offers in major mainstream markets across the country were as follows:
Region/ Quotation/ Weekly increase
East China region/ 5950./ -300
Shandong region/ 6200./ -200
Yanshan region/ 6280./ -200
South China region/ 6850./ -200
The inventory of imported goods has not changed much. The import volume of acetone in May was 28000 tons, and there are still sources of goods in transit. From a supply perspective, the supply of imported resources and materials is relatively sufficient.
Next week, the supply of domestic resources will tighten, and there will still be little change in port inventory. It is expected that acetone may stop falling next week, but whether the market can rise depends on downstream demand, with a focus on the actual order situation on the market.
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