On September 2nd, the Chinese acetone market continued to decline
September 02, News
Entering September, the Chinese acetone market has continued to decline. The acetone market in East China reported an offer of 4,550 CNY/ton on September 1st, which dropped to 4,450 CNY/ton on the 2nd, a decrease of 100 CNY/ton. Across the national acetone market, there have been similar fluctuations.
Market spot resources are abundant, and manufacturers face pressure in shipping goods, while terminal restocking intentions are low, leading to a significant lack of trading activity. The second phase of the Huizhou Zhongxin facility has been restarted, and the Jiangsu Ruiheng facility has been shut down for maintenance. Traders have a strong intention to sell, with actual transactions declining.
On September 2, the acetone quotation status in major mainstream markets across China was as follows:
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