After the National Day holiday, the domestic acetone market continued to decline, reaching a new low for the year. This week, the acetone market hit the bottom and rebounded slightly. The acetone market in East China reported an average price of 4120 yuan/ton from October 17th to 4230 yuan/ton on October 24th, an increase of 2.67%.
From the supply side, with the continuous decline of the market in the early stage, there was some release in the terminal market. At this time, Zhejiang Petrochemical released the news of the second phase equipment maintenance in November and December. Driven by this news, traders pushed up prices clearly, and the market quickly rose. At present, the listing prices of Sinopec East and North China have dropped to 4200 yuan/ton. In October, there were 33000 tons of acetone cargo in East China, and in November, the in transit source was 14500 yuan/ton.
From the demand side, the market price gradually fell to a low point in the early stage, and terminal factories and traders entered the market to replenish goods. 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 24th are as follows:
Region. Quotation on October 24th /Weekly increase and decrease
East China region / 4250./ 150
Shandong region / 4350./ 50
Yanshan region / 4300./ 50
South China region / 4350./ 100
Business Society predicts that the operating rate of domestic phenol ketone plants will remain at 78% in the near future, and the operating rate of downstream bisphenol A industry will decline from the demand side. It is expected that acetone will maintain a stable transition in the short term.