On the 16th, the acetone market rose sharply, with the negotiation range higher than 8200 yuan / T. under the tight supply of goods, the sellers offered very little, but they were reluctant to sell. It is reported that there were only about 10000 tons of acetone left in the port at the weekend, while the domestic goods had little pressure to ship, and the market circulation supply was once in a tense situation. On Monday, major domestic factories followed the trend to increase 400 yuan / ton, and Yangzhou Shiyou shipping price and blue star Harbin offer to 8500 yuan / ton. Downstream products have been rising, purchasing sentiment is not reduced, supporting the market continues to push higher. According to the monitoring data of the business agency, the domestic mainstream factories offer 8000-8500 yuan / ton. In terms of the market situation, the market offer in East China is about 8400 yuan / ton, and that in Yanshan and Shandong is 8200 yuan / ton in the morning. In the afternoon, the market offers are less, while in South China, the offer is nearly 9000 yuan / ton, showing a marked market rise.

According to the monitoring data of the business agency, on November 1, factories in East China made an offer of 6775 yuan / ton, and on November 16, the average offer of factories in East China was 8125 yuan / ton, with the ex factory price rising by 19.93%; while in the East China market, from 7100 yuan / ton on November 1 to 8450 yuan / ton on November 16, the East China market rose by 19%.

The product itself, the supply pressure is not big, and the downstream demand continues to be good and stable. East China, as the wind vane of the national market, especially after mid November, there is little pressure on domestic factories to supply products. However, affected by the epidemic situation, overseas import sources are not stable, especially at port 15, when the inventory drops to about 10000 tons, the supply pressure is not great.

From the perspective of the industrial chain, the upstream raw material pure benzene market went up obviously. Driven by the surge of styrene, the price of pure benzene rose sharply, and the price of styrene continued to rise. At the end of last week, the price of pure benzene in most Shandong local refineries was increased to 4000 yuan / ton, and the spot negotiation was active. On the 16th, Sinopec’s pure benzene price increased by 200 yuan / ton to 4200 yuan / ton, and the domestic pure benzene price was in the range of 4100-4450 yuan / ton. In terms of propylene, the price of Shandong market is running at 6850 yuan / T, and there are many downstream products of propylene. Although the market of polypropylene and other products is improving, the start-up of butane octanol unit has been reduced, and the purchasing area has been reduced. It is expected that the propylene price will continue to stabilize in the near future.

In terms of downstream market, bisphenol a market “soaring” contributed greatly to the growth of acetone. The bisphenol a market was first affected by the sharp upward trend of the downstream epoxy resin industry. Most of the opening factories closed their offers this week, among which Lihua yiweiyuan’s guiding price was 18200 yuan / T, while in the market, there were few offers from the shippers, the domestic supply was very tight, and only a small number of large traders still had goods in their hands, and we heard that the small order on the 16th was 18500 yuan / ton, so the current goods were tight There is still room for expansion. According to the monitoring data of the business agency, the market offer of bisphenol a rose from 12600 yuan / ton to 18400-18500 yuan / ton in early November, with a cumulative increase of 45% in November.

Market forecast: the domestic spot resource supply is insufficient, the cargo holder’s mentality is positive, the push up pace is not reduced, the market has not expected to turn around, the downstream purchasing sentiment is high, it is expected that the East China market will operate at a high level, and the negotiation will be at 8500 yuan / ton.