Acetone market in East China fell by 30% in December

Acetone price trend in East China market in December

Acetone market fell mainly in December, and showed a broad decline trend towards the end of the month. According to the monitoring data of the business news agency, in the East China market, the daily price on December 1 was 8850 yuan / ton, while the daily price on December 30 was 6200 yuan / ton, with an overall decline of 29.94%. On the morning of the 30th, Yangzhou market was opened down by 800 yuan / ton, and the offer was executed by 6200 yuan / ton. The follow-up of market trading atmosphere is limited, and the weather is getting colder near the end of the year. The mentality of cargo holders is obviously under pressure. After this wave of sharp decline, the terminal factory slightly inquires for orders, and the trading volume of replenishers is still insufficient.

Quotation of mainstream factories and market in December

The downstream market fell sharply. On the one hand, the market of bisphenol A fell a lot. After the epoxy resin downstream of bisphenol a lost its favorable policy support, the liquid resin showed a sharp decline, from nearly 30000 yuan / ton to 21500 yuan / ton at present. With the decline of market price, the operating rate of the industry gradually declined, which was a bad support for the raw material bisphenol A. According to the monitoring data of business news agency, the market of bisphenol a dropped from 18860 yuan / ton to 13325 yuan / ton in December, down 29.88%, and there were few transactions near the end of the month, and the price of real order was lower. On the other hand, the operating rate of downstream MMA and MIBK plants has declined. Under the current situation, coupled with weather reasons, many factories have holidays ahead of time, and some factories have lower operating rate due to environmental protection reasons, resulting in the decline of purchasing demand of terminal factories and the further decline of market demand for raw materials.

Market price trend of bisphenol A in December

First, pure benzene showed a downward trend in December. After entering the middle of December, the market of pure benzene in Shandong turned around and went down. According to the monitoring of business news agency, the daily price of pure benzene in Shandong fell from 4566 yuan / ton on December 10 to 4204 yuan / ton at the end of the month, with an overall decline of 7.93%. Second, the raw material propylene also showed a downward trend after entering the middle of December, from 8191.4 yuan / ton on the 10th to 7330 yuan / ton at the end of the month, with an overall downward trend of 10.52%. Especially in the latter half of the year, the external supply continued to flow in, the supply increased significantly, the enterprise inventory was under pressure, the real order space increased, and the downstream delivery continued to decline, which made the market information chaotic Under the cold trading, the market kept falling. Both raw materials showed a downward trend, and the support for the downstream was obviously insufficient.

In the view of the business community, the market trading performance is cold, the operator’s mentality is under pressure, the offer of the goods holder keeps falling, and the offer of the downstream is also bottomless. Under the pressure of the goods holder, the two-day decline is more than 1000 yuan. As the new year’s Day holiday approaches, factory replenishment has not improved significantly. The business community expects that the acetone market will continue to maintain a weak operation, and the market just needs to follow up before the festival. However, the market offer is expected to stop falling and rise slightly. Currently, the mainstream market in East China is offering 6200 yuan / ton, and the short-term negotiation range in East China may be 6100-6300 yuan / ton.