Price trend
The listing price of Sinopec East China has been raised by 100 RMB per ton, and the listing price of Sinopec North China was 6,550 RMB per ton.
Analysis review
Despite the increase in port inventory after the holiday (up to 33,000 tons as of the 17th), there was a shortage of social spot circulation resources, and trading prices have risen steadily. Downstream factories had a positive attitude towards replenishment, and inquiries in the market were more proactive, resulting in optimistic transactions. As of February 17th, the operating rate of the acetone industry was at a relatively low level of 70%, while the profit of the phenol ketone factory was still at the loss line. The factory intends to increase the listing price.
The acetone offers in major mainstream markets across the country on February 17th were as follows:
|
Area |
Quotations (RMB/ton) |
Daily Change (RMB/ton) |
|
East China |
6600 |
80 |
|
Shandong |
6,600 |
30 |
|
Yanshan |
6,600 |
50 |
|
South China |
6,550 |
100 |
Market outlook
From the perspective of SunSirs, the spot circulation resources of acetone were relatively tight, and traders had a positive attitude towards operation. However, terminals were also actively following the trend and will continue to operate at a high level in the short term. It is expected that the offer in the East China region will be between 6,600-6,700 RMB/ton.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
