The domestic acetone market has continued to decline this week. The national acetone market reported an average price of 6310 yuan/ton on March 7th, but on March 13th, the acetone market fell to 6135 yuan/ton, a decrease of 2.77%.

The supply side is sufficient. With the arrival of imported and domestic trade ships to replenish, the inventory at Jiangyin Port increased to 32000 tons at the beginning of the week. As of the 13th, there are still 19000 tons in transit. In terms of domestic equipment, the Qingdao Bay phenol ketone plant has resumed normal operation, and the operating rate of domestic phenol ketone plants has increased. Currently, the operating rate of enterprises is at 75%, and manufacturers and traders are under pressure to ship, leading to a gradual decline in market quotations.

The raw materials are weak and declining. The weak downward trend of raw material pure benzene has significantly weakened cost support, exacerbating the market’s wait-and-see atmosphere and putting pressure on traders’ mentality, leading to a broad downward trend in the market. In addition, the replenishment sentiment of terminal factories is average, they tend to digest more contracts, and the demand is flat, which makes it difficult to support the market.

The acetone offers in major mainstream markets across the country on March 13th are as follows:

Region/ Quotation on February 28th/ Price range (3.7-13)

East China region/ 6050./ -150

Shandong region/ 6150./ -220

Yanshan region/ 6200./ -200

South China region/ 6120./ -100

The current market fundamentals have not changed much, with limited fluctuations in trader mentality, stable operating rates of phenol ketone factories, limited involvement of intermediaries, terminal demand follow-up, low inventory, and difficulty in actual trading volume. It is expected that the downstream acetone market will fluctuate.