Affected by the temporary shutdowns of phenol – ketones units in Zhejiang, Formosa Plastics Group (FPG) and others due to malfunctions, the acetone market has seen a remarkable upward trend. The cumulative increase last week exceeded 500 yuan per ton. The upward movement of the market has spurred the enthusiasm of downstream players for taking delivery. Additionally, with the support of rigid procurement demand from downstream factories for startup, most holders have had smooth sales.
The inventory at East China ports has also declined. Currently, the acetone market remains relatively strong, but there are numerous variables in the future. In particular, close attention should be paid to the continuous purchasing situation of downstream players. Replenishment can be carried out according to downstream orders and inventory.
