Price trend
On November 1, Sinopec East China has cut the price of acetone by 200 RMB/ton to 5,600 RMB/ton. Factories centralized reduction.
Analysis review
On November 1, the fundamentals of the opening were weak, and the intention of the goods holders to make profits-cutting for shipment increased. In particular, the offer in East China fell significantly. The negotiated price of acetone was 5,400-5,450 RMB/ton, while that in other mainstream regions fell by the same margin. The terminal factory was slow to follow up, mainly making inquiries, and the actual orders were limited. Focus on the terminal procurement follow-up of November 2.
On November 1, the acetone offers of major mainstream markets in China were as follows:
|
Area |
Quotations (RMB/ton) |
Changes (RMB/ton) |
|
East China |
5400 |
-300 |
|
Shandong |
5850 |
-200 |
|
Yanshan |
5900 |
0 |
|
South China |
5850 |
-50 |
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