SunSirs: Morning Forecast of Domestic Acetone Market on September 11th
September 11 2024 11:25:31 SunSirs (John)
Price trend
The focus of the domestic acetone market continues to decline, with Sinopec East China listed at 5,900 RMB/ton, Sinopec North China listed at 5,900-5,950 RMB/ton, and the East China market price falling to 5,700-5,800 RMB/ton.
Analysis review
The market trading atmosphere was quiet, with terminal factories mainly digesting contracts, and sporadic downstream restocking entering the market. Traders were under great pressure, suffering serious losses, and were mostly on the sidelines. Overnight crude oil prices continued to decline.
Market outlook
It is expected that acetone will continue to operate weakly today, and attention should be paid to market news to stimulate the market. It is expected that the price in the East China market will be between 5,700-5,750 RMB/ton.
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