The acetone market fluctuated marginally this week, which decreased first and then decreased slightly. The acetone market was at the bottom for quite a long time. The rigid demand for acetone was weak, which was the reason for decreasing price. However, the raw material prices increased and the pressure on production cost of phenolic ketone increased which supported the acetone market. Also, as the acetone price was low and deflected its value, the players increased the acetone price. The downstream users began to purchase goods. As a result, the acetone market increased moderately.
Up to August 31, the acetone price in Jiangsu market was in the range of RMB 5,600-5,650/mt, which was up RMB 100/mt. The average price of acetone was RMB 5530/mt, which was down RMB 55/mt.
Forecast
The phenolic ketone units will run stably in the short term, so the supply will be normal. Part downstream users will begin to purchase goods. However, as the environment protection supervision will be still strict, it is predicted that the downstream demand will be hard to recover in the short term. The raw material market will be in uptrend, and the cost of Chinese phenolic ketone units will be in a high level. The phenol will show a uptrend, but this cannot release the pressure of production cost. It is predicted that the demand for acetone will be flat and the market will fluctuate marginally.
source: http://info.echemi.com/en-news-focus/8039.html
No comments:
Post a Comment