Yesterday, Sinopec’s listing price was lowered, and the market continued to decline. The listing price of Sinopec East China has been lowered by 100, with a price of 4400 yuan/ton, and the listing price of Sinopec North China acetone has been lowered by 200, with a price of 4300 yuan/ton. The factory’s profits have once again fallen, and it is difficult to change the loss situation in the short term.
The supply is sufficient, and the port inventory increased to a high of 31000 tons at the beginning of the week. The operating rate of domestic phenol ketone enterprises is nearly 80%, and the spot circulation in the market is high. Traders are under great pressure to ship, and low-priced goods are frequently available. At this time, Sinopec has lowered its listing prices, intensifying the market’s wait-and-see sentiment. In terms of demand, the participation of intermediate traders is limited, and downstream factories urgently need to follow up, resulting in fewer actual transactions. However, the market is currently at a low level for the year, and downstream companies are purchasing in moderation according to demand.
The acetone offers in major mainstream markets across the country on October 14th are as follows:
Region. Quotation on October 14th /Daily increase and decrease
East China region / 4250-4300./ -100
Shandong region / 4350./ -100
Yanshan region / 4350./ -100
South China region / 4450./ -50
From the perspective of Business Society, the acetone market is difficult to change in the short term, and today the market is still running weakly, making it difficult for trading to improve.