Affected by the temporary shutdown of phenol - ketones plants in Zhejiang and Formosa Chemicals & Fibre Corporation and other regions due to malfunctions, the acetone market has witnessed a significant upward push. The cumulative increase last week reached over 500 yuan per ton. The upward movement of the market has also stimulated the downstream's enthusiasm for purchasing. Coupled with the support of rigid demand procurement from downstream factories for production, most holders of goods have smoothly sold their products.
The inventory at East China ports has also decreased. At present, the acetone market is mainly strong, but there are many potential changes in the later stage. In particular, the continuous purchasing situation of downstream enterprises requires close attention. Purchases can be made based on downstream orders and inventory.
