acetone market positive

After the National Day holiday by the impact of crude oil, acetone market positive, open continuous pull up mode. According to the business agency monitoring shows that on October 7 (that is, the pre-holiday price) the domestic acetone market average offer 5750 yuan/ton, October 10 quoted 6325 yuan/ton, up 10%. Among them, the offer in East China market is around 6,100-6,150 yuan/ton, the offer in South China region is up to 6,200 yuan/ton, and the offer in North China and surrounding areas of Shandong Province is up to 6,400-6,450 yuan/ton.

Crude oil futures rose sharply during the festival, acetone as an important petrochemical product, crude oil rose from the macro face of its greater impact. The main U.S. WTI contract settled at $92.64 a barrel in post-holiday trading, up 16.5 percent over the holiday. The main contract for Brent crude settled at $97.92 a barrel, up 15% over the holiday. Expectations of tighter oil supply are rising, mainly due to sharp production cuts by the Organization of the Petroleum Exporting Countries and its Allies (OPEC+) and escalating geopolitical conflicts. On October 9, Sinopec East China acetone listed price increased by 500 yuan/ton to execute 6000 yuan/ton, Sinopec North China acetone increased by 400 yuan/ton to execute about 6100 yuan/ton, and on October 10, Lihua Yiweiyuan increased again by 200 yuan/ton to execute 6400 yuan/ton, the factory price increased again, and the profits of phenolic ketone enterprises went up.

Recent acetone market circulation supply is still tight. Port of import goods delay arrived during National Day, fell to 20000 tons, market circulation supply again into the tension, and supply concentrated in the hands of a handful of traders, the shipper of positive psychology, combined with the first continuous upward price of acetone, part of the downstream face because of cost affect more than just need to stock up, after have to purchase again, the market active heating up again.

After the festival upstream pure benzene billing up to acetone support. Affected by the holiday crude oil surge after the first day of pure benzene opening up, 10 days in East China mainstream transaction price in 8250-8280 yuan/ton, Shandong in 8300-8350 yuan/ton, after the continuous upward also many traders profit-taking, growth slowed. At present, Shandong is still strong, refinery inventory is limited, and downstream procurement is still good.

The downstream bisphenol A market as a whole fluctuates in a narrow range. Although the negotiation has declined, the overall operation is still maintained at a high level, with the market negotiation at 15,400-15,600 yuan/ton. Before the holiday, the continuous increase of downstream cost pressure is greater, demand reduction, bisphenol A downstream epoxy resin and PC as A whole also declined to increase its negative, the first auction after the holiday obviously fell, currently the buyers and sellers are more twisted mentality, bisphenol A short-term narrow range adjustment mainly.

As the port replenishes goods one after another, and the terminal just needs replenishment for a period of time, the purchase of high-priced raw materials slows down. According to the market on the afternoon of 10th, the negotiation in East China is somewhat relaxed, and the intention of traders to ship is increased, but other regions are still tense, and the market transaction volume is insufficient, and the transaction is not good. The domestic acetone market is expected to fluctuate in a narrow range, focusing on the field of real single situation.