SunSirs: Morning Forecast of Domestic Acetone Market on September 11th

https://www.chemnet.com   Sep 11,2024 SunSirs

Price trend

The focus of the domestic acetone market continues to decline, with Sinopec East China listed at 5,900 RMB/ton, Sinopec North China listed at 5,900-5,950 RMB/ton, and the East China market price falling to 5,700-5,800 RMB/ton.

Analysis review

The market trading atmosphere was quiet, with terminal factories mainly digesting contracts, and sporadic downstream restocking entering the market. Traders were under great pressure, suffering serious losses, and were mostly on the sidelines. Overnight crude oil prices continued to decline.

Market outlook

It is expected that acetone will continue to operate weakly today, and attention should be paid to market news to stimulate the market. It is expected that the price in the East China market will be between 5,700-5,750 RMB/ton.

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