Driven by the upward push in the price of raw material benzene and the market speculation surrounding the maintenance of Yangzhou’s phenol-acetone plant scheduled for next month, acetone prices have surged, accumulating an increase of 400 yuan per ton. The rapid price hike has dampened downstream buyers’ enthusiasm for taking deliveries.
Coupled with the accumulation of port inventories, downstream players are generally adopting a cautious approach in purchasing. However, given that acetone’s current price level is relatively low and with numerous market uncertainties prevailing, it is advisable to make procurement decisions by considering inventory levels and downstream order situations, while prioritizing cautious operation.
