After September, the production of domestic phenol ketone plants dropped to a level of 65%, which boosted the willingness of holders to ship at low prices. However, port inventory accumulation was obvious, and spot goods were still abundant. After a brief upward trend, the market fell again, with limited overall decline. As of now, the acetone market in East China is deadlocked between 4500-4550 yuan/ton, and the phenol market in East China is at 6900-6950 yuan/ton, 6850 yuan/ton (to be increased after the holiday).
Market Trends of Phenol and Acetone in East China
In the first quarter of 2025, Shandong Province added 250000 tons of phenol ketone production capacity, and in the third quarter, Zhenhai added 650000 tons of phenol ketone equipment. In September, the domestic phenol ketone production capacity base increased to 10.8 million tons.
In July, there were 10 sets of phenol ketone maintenance units in China, with a total production capacity of 3.02 million tons per year and a loss of 143000 tons. Eight sets of phenol ketone units were inspected in August, with a total production capacity of 2.12 million tons per year and a loss of around 130000 tons. The parking loss in September increased month on month.
By the end of the third quarter and the fourth quarter of 2025, the phenol ketone industry is expected to add 2 sets of production facilities with a total capacity of 650000 tons, mainly concentrated in the Northeast and North China regions. It is expected that the overall supply of phenol ketone will show an increasing trend in the fourth quarter, with a month on month growth of 9%, and is expected to reach 2.26 million tons. There is uncertainty in the production time of the new device, and the specific production time shall prevail. Further follow-up is needed.
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