Acetone market prices rose continuously

Starting from the end of August, with the recent contract goods out one after another, acetone quotations continued to push up. As of September 19, East China market acetone prices rose to 5400 ~ 5500 yuan (ton price, the same below), up 900 yuan compared with the middle and end of August.

Industry insiders believe that the acetone market prices are expected to rise continuously.

Circulating sources of goods to reduce

Recently, the domestic phenol ketone device load is low, the supply is reduced.

According to analysts, before the Mid-Autumn Festival, the overall opening rate of domestic phenol ketone units was about 70%. Ltd. 150,000 tons / year phenol ketone plant on August 5, stop maintenance, is expected to resume restart on September 20, suspended sales during the parking period; Shanghai Sinopec Mitsui Chemical Co. 400,000 tons / year phenol ketone plant on August 15, stop maintenance, is expected to resume restart at the end of September, currently no supply; Changshu Changchun Chemical (Jiangsu) Co. Ltd. 480,000 tons / year phenol ketone plant is expected to stop at the end of September for maintenance. According to Lonzhong information preliminary estimates, domestic acetone production in September at about 158,700 tons, a decrease of 10,100 tons.

In addition, in early September, affected by typhoon weather, some ships had difficulties in port, and the arrival of acetone was limited, so the port inventory fell rapidly. At present, the port circulation is mainly concentrated in the hands of a few traders.

Steady rise in demand

The main downstream of acetone is bisphenol A, methyl methacrylate (MMA), isopropyl alcohol, methyl isobutyl ketone (MIBK) and so on. With the approach of the "November" holiday, end-use plants have been entering the market to stock up, acetone market transactions are expected to be good.

In addition, the downstream device start-up rate is also expected to drive the acetone market prices continue upward.

Bisphenol A, Wanhua Chemical Group Co., Ltd. 480,000 tons / year, Lucy Chemical Group Co., Ltd. 200,000 tons / year bisphenol A plant will soon be put into operation, Cangzhou Dahua Co., Ltd. newly put into operation 200,000 tons / year device in late September will enhance the load. "Now the downstream bisphenol A enterprises into the market to increase the procurement of raw materials, resulting in the northern region acetone spot is tight.

Ltd. two sets of devices running at low load and one set of device overhaul; China Petroleum Jilin Chemical Company Limited part of the device rotation overhaul, the opening rate remained at about 52%.

In terms of MIBK, the plant start-up rate is 83%, which is at a high level.

Overall, the domestic acetone demand may be stable and rising. In addition, the better downstream exports are also expected to give support to the acetone market. According to the preliminary estimate of Lonzhong Information, the export volume of isopropyl alcohol in September was around 20,000 tons, up nearly 0.8 million tons than in August.

Quotations concentrated on upward adjustment

In the background of supply reduction and demand increase, acetone plants have no inventory pressure. In addition, the acetone market has been quiet for nearly a year, manufacturers are willing to raise prices. As of mid-September, acetone plant quotations have been increased for several times in a row.

According to Business News Service statistics, as of September 19, Shandong Lihua Yiweiyuan Chemical Co., Ltd. acetone quotation in September increased six times in a row, a cumulative increase of 800 yuan, the implementation of 5600 yuan; real friends of Chemical (Yangzhou) Co. Ltd. acetone prices were raised three times in a row, all by a cumulative total of 600 yuan, the implementation of 5,500 yuan, 5,300 yuan, 5,300 yuan, 5,400 yuan, respectively.

At present, the acetone market supply side is tight, the demand side is good. Such as pure benzene market after falling back up, propylene market price increases. Overall, it is expected that before the 'November' holiday, the overall trend of the acetone market is positive, the probability of rising, but after a number of consecutive rapid pull up, the late rise will not be too large.