the acetone market is positive

After the National Day holiday, influenced by crude oil, the acetone market is positive, open continuous pull-up mode. According to business agency monitoring data, on October 7 (that is, the pre-holiday price), the average supply in the domestic acetone market is 5,750 yuan per ton; on October 10, it is quoted 6,325 yuan per ton, which is 10 percent more. Among them, the supply in the East China market is about 6.100-6 150 yuan per ton, the supply in the South China region is up to 6 200 yuan per ton, and the supply in North China and surrounding areas of Shandong Province. is up to 6400-6 450 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% from the holiday. The main Brent contract settled at $97.92 a barrel, up 15 percent from the holidays. Expectations for a reduction in oil supplies are growing, mainly due to sharp production cuts by the Organization of the Petroleum Exporting Countries and its allies (OPEC Plus) and escalating geopolitical conflicts. On October 9, the list price of Sinopec East China acetone increased by 500 yuan per ton to 6,000 yuan per ton, the price of Sinopec North China acetone increased by 400 yuan per ton to approximately 6,100 yuan per ton, and on October 10, Lihua Yiweiyuan increased again. by 200 yuan per ton to 6,400 yuan per ton, the factory price increased again, and the profit of phenolic ketone enterprises increased.

The recent supply of acetone in the market is still limited. The delay of imported goods at the port arriving during National Day fell to 20,000 tons, the market supply became tight again and the supply was concentrated in the hands of a handful of traders, positive psychology shippers, coupled with the first continuous increase in the price of acetone. , the downstream part of the face due to the cost affects more than just needing to stock up, after having to buy again, the market is actively heating up again.

After the festival upstream, pure benzene was calculated to support acetone. Driven by the holiday surge in crude oil after the first day of the discovery of pure benzene, 10-daily main trading price in East China at 8250-8280 yuan per ton, Shandong Province at 8300-8350 yuan per ton, after continuous growth also many traders are taking profits, growth has slowed. At present, Shandong is still strong, refinery inventories are limited, and downstream procurement is still good.

The BPA market as a whole fluctuates within a narrow range. Although the volume of negotiations has decreased, the overall volume of transactions is still maintained at a high level, with the market price being 15400-15 600 RMB per ton. Before the holiday, the constant increase in downstream cost pressure is greater, demand decline, BPA epoxy resin and PC in general also declined to increase its negative value, the first auction after the holiday clearly fell, at present, buyers and sellers have a more twisted mentality, BPA mainly short-term narrow range adjustment.

Since the port replenishes goods one after another and the terminal simply needs replenishment over a period of time, the purchase of expensive raw materials slows down. According to the market on the afternoon of 10-th, the negotiations in East China have weakened somewhat, and traders' shipping intention has increased, but other regions are still tense, and the volume of market transactions is insufficient, and the transaction is not very good. . The domestic acetone market is expected to fluctuate within a narrow range, focusing on the area of ​​actual single situation.