Acetone showed a trend of sharp rise first and then narrow correction in August, but it has been interested in the behavior owner all month. According to the monitoring data of business agency, the acetone market in East China offered 5150 yuan / ton on August 1 and 6200 yuan / ton on August 31, an overall increase of 20.39%.

Acetone rose sharply in August. On the one hand, the epidemic situation in Jiangsu worsened at the beginning of the month, and then the logistics and transportation were blocked. There was a low level of 35000 tons in Hong Kong. However, phenol ketone plants were concentrated in East China, and factories raised prices. Then the unexpected shutdown of plants in Taiwan accelerated the market rise. As can be seen from the figure below, the market rose sharply on the 11th. Acetone rose significantly in the middle and upper of August, However, after the sharp rise, the resistance in the downstream was obviously weakened, and the offer of the cargo holders decreased narrowly. However, Zhejiang Petrochemical planned to stop the unit in September to stimulate the narrow rebound of the market and gradually stabilized. Therefore, in August, the acetone market first rose sharply, and then fell into a range consolidation situation, which lasted until the end of the month. So far, acetone has been offered at 6150-6200 yuan / ton in East China, 6300 yuan / ton in Shandong and Yanshan, and 6600-6800 yuan / ton in South China.

In terms of units, the start-up of domestic phenol ketone units was 90% in August, and the phenol ketone units of Yangzhou Shiyou and Sinopec third well were put into load operation. However, Zhejiang Petrochemical Unit had a shutdown maintenance plan in September, and the overall start-up is expected to decline next month.

In terms of raw materials, Sinopec’s pure benzene decreased significantly during the month, with a decrease of 600 yuan / ton. There was little adjustment in acetone. Overall, the cost of acetone decreased and the profit value of phenol ketone unit increased.

In the downstream, the operating rates of isopropanol, MMA and MIBK are relatively stable, but the market offer is relatively strong, especially the rise of MIBK in August. At present, the on-site offer is up to 20000 yuan / ton, many factories suspend the offer, the market supply is in short supply, the on-site start-up has declined, and bisphenol A continues to rise. Up to now, the offer of bisphenol A is running at a high level of 28000-28200 yuan / ton.

From the perspective of the business community, the start-up of the unit will decline next month, the expected supply will decrease, the supply of goods in import contracts, especially in Taiwan, will also decrease, and it is unlikely that the port inventory will increase. On the demand side, the downstream products will continue to be high. Tianjin Zhongsha BPA unit is on trial, and the specific feeding time is uncertain. Lihuayi MMA unit is expected to be fed. On the whole, the downstream demand is good, The news boosted the market. The business news agency expects that the domestic acetone market will run at a high level in September, and it cannot be ruled out that it will continue to rise after adjustment.