SunSirs: This Week, the Domestic Acetone Market Had Been Operating Steadily

Price trend

The domestic acetone market was operating steadily. According to the analysis system of SunSirs, the national acetone market quoted a price of 5,900 RMB/ton since December 22, and the reference price for negotiation in the East China market was 5,850 RMB/ton.

Analysis review

At the beginning of last week, there was a significant decrease in port inventory, and the circulation of spot resources in the market became tighter, which boosted the mentality of traders and led to an increase in offers, improving the trading atmosphere.

On December 20th, Sinopec East China implemented a price of 5,850 RMB/ton for acetone, and Sinopec North China implemented a price of 5,950 RMB/ton for acetone. The inventory at Jiangyin Port was 24,500 tons.

Market outlook

It is expected that the market will fluctuate within the range of 5,800-5,900 RMB/ton this week.

The acetone offers in major mainstream markets across the country on December 22nd were as follows:

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