The listing price of Sinopec East China has been raised by 100 yuan per ton, and the listing price of Sinopec North China has been raised by 6550 yuan per ton. Despite the increase in port inventory after the holiday (up to 33000 tons as of the 17th), there is a shortage of social spot circulation resources, and trading prices have risen steadily. Downstream factories have a positive attitude towards replenishment, and inquiries in the market are more proactive, resulting in optimistic transactions. At present, the operating rate of the acetone industry is at a relatively low level of 70%, while the profit of the phenol ketone factory is still at the loss line. The factory intends to increase the listing price.
The acetone offers in major mainstream markets across the country on February 17th are as follows:
Region/ Quotation/ Daily increase and decrease
East China region/ 6600./ 80
Shandong region/ 6600./ 30
Yanshan region/ 6600./ 50
South China region/ 6550./ 100
From the perspective of Shengyi Society, the spot circulation resources of acetone are relatively tight, and traders have a positive attitude towards operation. However, terminals are also actively following the trend and will continue to operate at a high level in the short term. It is expected that the offer in the East China region will be between 6600-6700 yuan/ton.
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