The acetone market soared in two months
The average price trend of acetone in the national market in the past two months
The positive factors are frequent, from the macro crude oil upward cost pull, to the terminal disinfectant market demand, from the port tension to the manufacturer control, the acetone market rose from 4000 yuan / ton to 12000 yuan / ton in two months, up as much as 200%.
More details:
Business agency: witness history again! Acetone breaking in June 3 (June 4, 2020)
Can acetone rise 150% in two months reappear? (May 29, 2020)
Business agency: good demand for volume control of manufacturers; acetone market pushed up again (May 25, 2020)
Business agency: eight thousand yuan acetone market reappearance in three years (May 18, 2020)
Business agency: surging raw material market, 62% surge in acetone (April 14, 2020)
Average price trend of acetone in East China in recent two months
Continue to impose anti-dumping duties, acetone hit a record high
Details: Ministry of Commerce: continue to impose anti-dumping duties on acetone originating in Japan and other regions
| Thiourea |
The Ministry of Commerce ruled that if the anti-dumping measures were terminated, the dumping of imported acetone originating in Japan, Singapore, Korea and Taiwan could continue or re occur, and the damage to the Chinese mainland industry might continue or happen again. Chinese Ministry of Commerce has ruled that the dumping of imported acetone from Japan, Singapore, Korea and the Chinese mainland may continue or happen again. According to the provisions of Article 50 of the regulations on anti dumping, the Ministry of Commerce proposes to the Tariff Commission of the State Council to continue to implement the anti-dumping measures according to the investigation results. According to the proposal of the Ministry of Commerce, the Tariff Commission of the State Council made a decision to continue to levy anti-dumping duties on acetone imported from Japan, Singapore, South Korea and Taiwan for a period of five years from June 8, 2020.
In the volatile acetone market, the anti-dumping duty continued to be implemented, which pushed the acetone market up again. Now the acetone market is out of reach. According to the monitoring data of the business agency, the acetone market has few sources of goods, and a small number of shippers have made astonishing offers. Up to the time of publication, the price in East China is 12200 yuan / ton, and the highest price is 12500-13000 yuan / ton. The national market is all over 12000 yuan / ton.
From the perspective of terminal demand, the downstream MIBK plant has been shut down and MMA is facing another upward trend, but the company still has a serious loss. Some of the contracted consumption of the downstream isopropanol plants is under great pressure due to the impact of the soaring cost of raw acetone, which is forced to push up again. According to industry insiders, isopropanol is now unsalable overseas, and its high price is gradually replaced by other alcohol killing products, and the rising price will affect the export sales. Under the sharp rise of downstream BPA market, the shutdown and maintenance of enterprises increased, and the plant operation rate decreased.
In the view of the business community, it is outrageous that the market is too high for a single product, and the terminal is in deep loss. At present, more and more terminal factories are shutting down production, unable to digest the high acetone. There is still acetone replenishment in the short-term port. Zhejiang Petrochemical phenol ketone plant is expected to be put into operation in June. The short-term acetone market is still in a high consolidation. With the later acetone supply replenishment, the market is bound to return to rationality.
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