The market situation of the Golden September and Silver October is far from expected, and the domestic acetone market has continued to decline since October, currently hitting a new low for the year. The East China acetone market reported an average daily price of 4408 yuan/ton from October 8th to 4120 yuan/ton on October 17th, a decrease of 6.54%.

From the supply side, Sinopec’s listed prices have been continuously and centrally lowered. Currently, Sinopec’s listed prices in East and North China have dropped to 4200 yuan/ton. Due to the limited number of working days this month, traders are accelerating the progress of contract digestion, and under pressure, there is inevitably an intention to offer discounts for shipment. In October, the cargo volume of acetone in East China was 27700 tons, and in November, the in transit source was 12500 yuan/ton. At present, the operating rate of phenol ketone enterprises is over 75%.
From the demand side, downstream factories maintain the pace of replenishing essential goods and cautiously deliver orders, with limited actual trading volume. There is an expectation of an increase in the operating rate of downstream bisphenol A plants, which will lead to an increase in demand for acetone; The operating loads of isopropanol, MMA, and MIBK have slightly changed, while the demand for acetone has not changed significantly. From a cost perspective, there has been a slight increase in both the supply and demand of raw material pure benzene, and the supply continues to be lower than demand. It is expected that the short-term price will strengthen and consolidate.
The acetone offers in major mainstream markets across the country on October 17th are as follows:
Region. Quotation on October 17th /Price fluctuations in October
East China region / 4100./ -300
Shandong region / 4250./ -350
Yanshan region / 4250./ -300
South China region / 4270./ -300
Business Society predicts that the operating rate of domestic phenol ketone plants will remain at 78% in the near future, and port inventory will fluctuate around 30000 tons, mainly for digesting inventory. On the demand side, the operating rate of the downstream bisphenol A industry has declined, and on the cost side, there is little positive support. In the short term, acetone is expected to maintain a weak operational transition.