Price Trend

This month, acetone market consolidation was the main factor, the overall change was not big, and the atmosphere of market negotiations was calm. According to the monitoring of commodity data of business associations, petrochemical companies listed 3650 yuan/ton this week, the market rose and fell, and the overall turnover was general. The market offer is basically the same as the listing.

II. Analytical Review

Products: The domestic acetone market is weak, and the market is difficult to improve. At present, the market performance is cold, the terminal just needs to replenish, the Spring Festival is approaching, manufacturers reduce inventory, traders lack confidence. At the end of the month, the stock of acetone port in East China was 49,000 tons, which was 1,000 tons less than that on January 14, including 35,000 tons in West China and 14,000 tons in Hengyang. Up to now, the main negotiation range of East China market is 3600 yuan/ton, Yanshan surrounding market and Shandong mainstream negotiation price is 3650 yuan/ton, and South China market negotiation range is 3800 yuan/ton. Overall, the market offer was narrowly adjusted compared with last week.

Industry chain: pure benzene: This month, the pure benzene market rose first and then stabilized. At the end of the month, the pure benzene listed 4650-4700 yuan/ton level. So far, the long holiday effect of the Spring Festival appears. The quotation of the factory remains unchanged. Traders generally suspend the quotation. The domestic pure benzene market is light, showing a price-free market, waiting for the return of the festival. Propylene: This month’s overall decline in the propylene market, so far the market sentiment is still strong wait-and-see. Although the market is negative, the ups and downs are generally supported, but cost constraints, it is expected that the propylene market may continue to decline, but the decline is limited. Downstream terminal construction has been reduced. At present, purchasing is mainly needed.

3. Future Market Forecast

At present, the acetone market is closed, and there are few market inquiries. Traders are basically on holiday. At present, the acetone market as a whole operates in a weak position, with general turnover. Acetone analysts from business associations believe that the holiday acetone market is running smoothly and the acetone talks in East China are at 3850 yuan per ton.