In May, the domestic acetone market generally rose, with three stages respectively: the factory pushed up the market, the downstream demand shrank after phased procurement, and the cost support continued to rise at the end of the month, showing an “n” trend. During the month, the national acetone market rose by 8.63%. According to the monitoring data of business agency, the average offer of domestic acetone market was 5650 yuan / ton on May 1, and 6137 yuan / ton on May 31, an increase of 8.63% in the month. By the end of the month, the offer in East China was about 6050 yuan / ton, that in South China was 6180 yuan / ton, and that in North China and the surrounding areas of Shandong was 6150-6200 yuan / ton.

Trend chart of average acetone price in East China market

After the May Day holiday, the port inventory increased, but the factories increased under the pressure of cost. After the holiday, the prices in some regions increased, and the operating rates in some regions increased. The prices before the holiday continued to decline. Many downstream factories did not replenish a large amount of goods. With the increase of upstream raw materials, acetone also increased, and the purchase intention of downstream factories increased. After the holiday, the repair news of Yangzhou Shiyou device, and the expected supply of domestic goods sources decreased, It rose to nearly 6000 yuan / ton in the three working days after the festival. After a round of replenishment, the offer was pushed to a high level. In the new week, the Hong Kong stock exchange continued to replenish a large number of goods, while the pressure of the goods holders increased significantly, and the offer was callback. In addition, the market trading entered a stalemate in the middle of the month, making it difficult to release the floor trading volume. In the later stage, with the continuous rise of international crude oil, the rising cost of pure benzene increased significantly, the phenol and ketone plant theory entered a state of loss, and the plant was also expected to increase. At the end of the month, the terminal MMA plant was replenished. Jiangsu Jiankun’s 150000 T / a MMA plant was planned to be put into operation. After market inquiry, the trading atmosphere was improved. At the end of the month, the pressure on the goods holders was reduced, and the market continued to rise with the help of the factory’s repeated increases.

The downstream bisphenol a market as a whole rose first and then fell. In late May, the bisphenol a market fell significantly. Near the end of the month, the on-site negotiation was 15000-15200 yuan / ton, the participation of low-cost intermediate traders increased, and the terminal factories also had inventory demand. It is expected that the market may improve after the holiday.

At present, the operating rate of acetone unit is close to 90%. Yangzhou Shiyou unit is expected to restart and recover on June 10. Tianjin Zhongsha unit is expected to have short-term maintenance in June. Other units are in normal operation. The supply side of domestic sources of goods has little change. The imported sources of goods are still dominated by contracts, and the replenishment should be close to 50000 tons. At present, the international oil price is high, and the cost is also high. It is still difficult for the factory to make profits, and there is no lack of expectation that the factory will support the price. The business club expects that the domestic acetone market will gradually improve, and the actual order situation will continue to be concerned.