This Week China's Acetone Market Declines (8.11-18)

August 18, News

The Chinese acetone market has seen a slight decline. In East China, the acetone market was quoted at 4,730 CNY/ton on August 11, and by August 18, it was quoted at 4,696 CNY/ton, a price decrease of 0.7%. Across China, the acetone market has shown similar fluctuations.

The Chinese acetone market has slightly declined. During the week, the listed price of Sinopec enterprises was 4800 CNY/ton. Although the cost of raw materials increased and had some pull, phenol and acetone manufacturers are still in a loss state, with the operating rate of phenol and acetone around 75%. Currently, the port inventory is at 27,500 tons, and the spot resources are relatively sufficient. Downstream factories are mainly driven by rigid demand.

August 18th, the acetone quotations in major mainstream markets across China are as follows: