Price trend

The acetone offers in various markets across the country on October 8th were as follows:

East China region: 5,800-5,850, up 100 RMB/ton

Shandong region: 5,900-5,950, up 50 RMB/ton

Surrounding area of Yanshan Mountain: 5,950 RMB/ton, unchanged

South China region: 6,000-6,050, up RMB/ton

Analysis review

During the holiday, crude oil prices rose sharply, and on the first day after the holiday, traders had a positive attitude and a strong sentiment towards raising prices. The offers continued to push up, and in the afternoon, some factories raised their listing prices. The market activity was high, and inquiries were active.

Market outlook

On the 8th, the port inventory in Jiangyin was 25,000 tons, slightly lower than last week. Short term cargo replenishment was limited, and port inventory was expected to continue to decline. It is expected that acetone will continue to rise in the short term, and downstream demand should be monitored.

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