The sharp drop in crude oil has intensified the market’s wait-and-see sentiment, and the acetone market is once again under pressure to decline. The acetone market in East China has been trading at an average price of 5200-5250 yuan/ton since June 24th, with a daily decline of nearly 100 yuan/ton.
From a cost perspective, geopolitical conflicts have eased, crude oil prices have plummeted, raw material pure benzene has weakened, traders have actively reduced their warehouses and shipments, and offers have increased. Main enterprises have lowered their listing prices, resulting in a negative cost outlook; The acetone factory maintains stable listing and quotation. Faced with the further decline of petrochemical industry chain products and downstream demand, the sentiment of entering the market for replenishment has decreased, and the actual transaction volume is limited.
The acetone offers in major mainstream markets across the country on June 24th are as follows:
Regional/June 24th quotation /Daily increase and decrease
East China region / 5200-5250./ -（50-100）
Shandong region / 5450./ -50
Yanshan region / 5450./ -50
South China region / 5350./ -100
From the perspective of Shengyi Society, in the short term, raw materials have a significant impact on the industrial chain, and the market center of gravity is once again deadlocked and declining. After two days of decline, the market may maintain stable operation, and it is expected that the East China market will be between 5200-5250 yuan/ton.
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