China’s domestic acetone market stalled on January 14

Commodity Name: Acetone

Market Price (East China January 14): 3600 yuan/ton

Analysis points: Domestic acetone market intends to bid last week, but all aspects of support is limited, the market is in a stalemate. At present, although the port inventory has declined slightly and the mindset of on-site cargo holders has been boosted. In order to stimulate the downstream receipt of goods, the offer has been narrowly pushed up, but the mood of the downstream terminal factories entering the market is not high enough to support the high-level operation of the market, and the volume of the actual transaction is insufficient. Business associations predict that the main negotiation area of East China market is 3550-3600 yuan/ton, and that of South China market is 3700 yuan/ton.

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