As the price of raw material Benzene drops and new production capacity is released in the phenol-ketone unit, downstream companies mostly purchase on demand and the price of Acetone is weak. However, port inventories continue to decline and are relatively low.
In addition, the phenol-ketone unit is still in a loss-making state and most of its downstream industries are in a profitable state. It is expected that there is still limited room for acetone prices to fall. Inventories can be replenished when prices are lower to ensure sufficient inventory.
