May 3rd Overview of Domestic Acetone Market

This week, the domestic propylene market has seen a slight upward trend with limited price adjustment. On the supply side, there is a gradual increase in propylene supply, although refineries continue to face low inventory pressure. Downstream markets are varied, with overall downstream production loads relatively stable, and the demand for propylene remains strong. With sustained low inventory pressure and normal downstream demand, propylene refineries maintain an optimistic outlook, gradually pushing prices up slightly; however, due to limited acceptance capacity from downstream buyers, prices have stabilized after a minor increase.

May 3rd Overview of the Domestic Acetone Market in Some Regions

The Guangdong Province acetone market has seen minimal overall changes, with high-end offers slightly rising and mainstream negotiations holding steady at low levels. Port holders' mainstream offers are at 5,000-5,100 yuan/ton, while domestic offers are around 5,000 yuan/ton. Downstream enterprises have not yet shown strong purchasing enthusiasm, and actual transactions are scarce.

The market offer for华东acetone has risen, with mainstream traders offering at 5200 yuan/ton, and a few large-scale holders offering at 5250 yuan/ton. Currently, the inventory at ports in East China is rapidly decreasing, with West China's inventory at 4,000 tons and Hengyang's inventory at 9,000 tons. Holders at the ports are feeling more supported, with a strong upward sentiment, which has driven the market offers slightly higher. However, downstream factories are mostly holding a wait-and-see attitude, and there are rarely any new buyers entering the market for replenishment, waiting for the follow-up deals in the afternoon.

The market focus of propylene ketone around Yanshan remains limited, with the mainstream negotiation range at 5,100-5,150 yuan/ton. Petrochemical companies are stable in placing orders, while traders report fluctuating price ranges. Downstream terminal factories show low enthusiasm for entering the market to replenish stocks, mostly maintaining a wait-and-see attitude. Overall, the market trading atmosphere is poor, and real transactions are not following up adequately.

Shanghai Gaogang Petrochemical's propylene ketone ex-works price is now at 5,200 yuan per ton. It is reported that the 240,000 tons/year phenol-ketone unit at Cangjing is operating normally, while the 100,000 tons/year unit in the old area has been postponed for restart, and the 60,000 tons/year unit has no plans for restart at the moment.