This week, the acetone market in China declined (8.1-8)

August 8th News

The Chinese acetone market has slightly declined. Since August 1st, the acetone market in East China has been quoted at 4,820 CNY/ton, and by August 8th, it was quoted at 4,730 CNY/ton, a price decrease of 1.87%. Across the national acetone market, there have been similar fluctuations.**

The Chinese acetone market has slightly declined. During the week, Sinopec companies lowered their listed prices, with East China companies implementing 4800 CNY/ton. As Shanghai Xisa restarted and Dalian Hengli increased its load, the operating rate of Chinese phenol and acetone plants rose to 75%, leading to increased shipping pressure. The market also showed a downward trend, with limited real transaction volumes and insufficient trading. So far, the August acetone cargo volume in East China is 38,000 tons, with 16,000 tons having arrived.

On August 8, the following are the reported acetone prices in major markets across China: