On March 6, the acetone market tried to go up. In the morning, the price of the acetone market in East China led the rise, with the holders pushing up slightly to 5900-5950 yuan/ton, and some high-end offers of 6000 yuan/ton. In the morning, the transaction atmosphere was relatively good, and the offer was very active. The inventory of acetone at East China Port continued to decline, with 18000 tons of inventory at East China Port, down 3000 tons from last Friday. The confidence of cargo holders was relatively sufficient and the offer was relatively positive. The cost of raw materials and the price of pure benzene rose sharply, and the cost of phenol and ketone industry rose. Driven by the double positive factors of the cost pressure on the site and the reduction of the port inventory; The basis for the rise of the holders is relatively solid. The acetone market offer in South China is scarce, the spot reference center is around 6400 yuan/ton, and the supply of goods is scarce. Today, there are few active offers, and the holders are obviously reluctant to sell. The performance of North China is weak, and there are many inspections in recent years, which inhibit the development of demand.

1. The industry operating rate is at a low level
Today, according to statistics, the operating rate of the domestic phenol and ketone industry has slightly increased to 84.61%, mainly due to the gradual resumption of production of 320000 tons of phenol and ketone plants in Jiangsu, and the increase in supply. This month, 280000 tons of new phenolic ketone units were commissioned in Guangxi, but the products have not yet been put on the market, and the enterprise is equipped with 200000 bisphenol A units, which has limited impact on the local market in South China.
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2. Cost and profit
Since January, the phenolic ketone industry has been operating at a loss. As of March 6, the overall loss of the phenolic ketone industry was 301.5 yuan/ton; Although acetone products have risen by 1500 yuan/ton since the Spring Festival, and although the phenolic ketone industry made a profit for a short time last week, the rise of raw materials and the fall of the price of phenolic ketone products have made the industry profit return to the loss state again.
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3. Port inventory
At the beginning of this week, the inventory of East China Port was 18000 tons, down 3000 tons from last Friday; The port inventory has continued to decline. Since the high point during the Spring Festival, the inventory has dropped by 19000 tons, which is relatively low.
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4. Downstream products
The average market price of bisphenol A is 9650 yuan/ton, which is the same as that of the previous working day. The domestic market of bisphenol A was sorted and the atmosphere was light. At the beginning of the week, the market news was temporarily unclear, traders maintained stable operation, downstream enterprises were not in the mood to buy, consumption contracts and raw material inventory were the main factors, and the trading atmosphere was weak, and the actual order was negotiated.
The average market price of MMA is 10417 yuan/ton, which is the same as that of the previous working day. MMA’s domestic market is sorted out. At the beginning of the week, the market price of raw material acetone continued to rise, MMA cost side was supported, manufacturers were strong and stable, downstream users just needed inquiries, purchasing enthusiasm was general, buying was more wait-and-see, and real order negotiation was the main.
The isopropanol market was consolidated and operated. In terms of raw materials, the acetone market is mainly stabilized and the propylene market is consolidated, while the cost support of isopropanol is acceptable. The supply of isopropanol market is fair, while the demand of domestic market is flat, the trading mood of downstream market is poor, the market negotiation atmosphere is cold, the overall market is limited in terms of actual orders and transactions, and the support of export is fair. It is expected that the trend of isopropanol market will be stable in the short term. At present, the reference price in Shandong is around 6700-6800 yuan/ton, and the reference price in Jiangsu and Zhejiang is around 6900-7000 yuan/ton.
From the perspective of downstream products: the downstream products isopropanol and bisphenol A are in a loss-making operation state, the MMA products are struggling to remain flat, and the operation of downstream products is sluggish, which has some resistance to the price rise of future products.
Aftermarket forecast
The acetone market rose tentatively, the transaction feedback was fair, and the holders were positive. It is expected that the price range of the mainstream acetone market will be mainly sorted out this week, and the fluctuation range of the acetone market in East China will be 5850-6000 yuan/ton. Pay attention to the changes in the news.