The listing price of Sinopec East China is executed at 6550 yuan/ton, and the listing price of Sinopec North China is executed at 6550 yuan/ton. The acetone market in East China has experienced a narrow downward trend, with negotiated prices ranging from 6400-6450 yuan/ton. There was slight replenishment at the port at the beginning of the week, and the port has a capacity of around 35500 tons. Traders have increased their intention to ship, and there is room for discounts on actual orders. However, coupled with weak demand and a clear lack of trading volume, the market opened lower at the beginning of the week.

The acetone offers in major mainstream markets across the country on February 24th are as follows:

Region/ Quotation/ Daily increase and decrease

East China region/ 6400./ -100

Shandong region/ 6450./ -50

Yanshan region/ 6600./ -50

South China region/ 6400./ -50

On the 25th, Lihua Yi Acetone reduced its price by 50 yuan/ton to 6400 yuan/ton. The operating rate of the acetone industry is around 80%, and the operating rate has been relatively stable recently. In the short term, the industry’s mentality is bearish, and sporadic enterprises intend to lower their listing prices. The market trading atmosphere is average, and downstream demand is strong. It is expected to maintain stable operation today.