This week, the domestic acetone market experienced a rise followed by a decline. The domestic acetone market reported an average price of 4835 yuan/ton on July 21 and 4830 yuan/ton on July 28; The East China market dropped from 4770 yuan/ton to 4750 yuan/ton.

During the week, the raw materials of pure benzene and propylene fluctuated within the range, and the cost support weakened. Hengli Petrochemical’s phenol ketone unit was shut down for maintenance, and the operating rate of domestic phenol ketone factories slightly declined to 75%. In terms of ports, the replenishment of cargo is limited, and the port inventory has dropped to 20000 tons. The mentality of traders has been boosted, and the intention to sell low has weakened. The offer has slightly increased. The overall actual orders at the opening of the new week are limited, and there are some intentions to sell low. The current trading atmosphere is flat, and the trading volume needs to be released.
The operating rate of the downstream MIBK industry has increased, while the operating rate of MMA has declined with the reduction of negative load in the second phase of Zhejiang Petrochemical. The operating rate of the isopropanol industry has also shown a slight decrease. The solvent industry has been affected by high temperature weather and the rainy season in the south, and the overall demand for acetone has decreased. The downstream purchasing sentiment is not high, and they mostly follow up with urgent needs.
The acetone offers in major mainstream markets across the country on July 28th are as follows:
Region. Quotation on July 28th /Weekly increase and decrease
East China region / 4750./ 0
Shandong region / 4900./ -50
Yanshan region / 4900./ -50
South China region / 4900./ -50
In the new week, we will pay attention to the restart of Hengli Petrochemical’s phenol ketone unit, the maintenance of Shanghai Xisa unit, and the export of newly added production capacity from Zhenhai Refining and Chemical. Currently, the port inventory is low at 22000. From the demand side, there is an expected increase in terminal isopropanol and a slight upward trend in MMA. Overall, there has been little change in cost. From the perspective of Business Society, the short-term acetone market is mainly characterized by range fluctuations.