Acetone market price in East China continues to fall

The acetone market continued to decline in the early morning of the 29th, and the atmosphere in the market was difficult to change in the afternoon. So far, the offer has fallen to 6400-6500 yuan / ton. Currently, the attitude of the cargo holders is under pressure, and the offer is high and low. However, the terminal purchasing is more wait-and-see, the sentiment of purchasing and replenishing in the market is obviously insufficient, and the trading atmosphere in the market is general. Affected by the sharp decline in the East China market, South China and Shandong and other regions also declined significantly, with insufficient participants and limited hearing of the firm offer.

 

According to the monitoring data of business news agency, the market offer in East China was 8850 yuan / ton on December 1, and 6450 yuan / ton (6400-6500 yuan / ton) on December 29, with a market drop of 27.12%. In terms of factories, the mainstream price of Sinopec in North China was 7200 yuan / ton, and the offer of Yangzhou Shiyou and Zhejiang Petrochemical was adjusted to 7000 yuan / ton.

 

In the downstream market, the operating rate of MMA, MIBK and other products in the industry has declined, and some factories have plans to take holidays in advance near the end of the new year. The focus of bisphenol a market has fallen sharply, and the current market reference price has dropped to 13400 yuan / ton. Today, there are few market offers, and the transaction has not been heard. Most factories have suspended offers, and the support of terminal resin industry has also declined significantly, It is difficult for bisphenol a market to change under the industrial chain.

 

At present, both the upstream and downstream of the products are in a downward trend. The operating rate of terminal factories is declining near the end of the year, and the purchasing intention is gradually declining. The business community expects that the short-term weakness of the East China market will be maintained, and the negotiation is expected to be at 6400 yuan / ton.

PVA