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Over the latter half of August ****, acetone prices on a CFR Qingdao, China basis, tumbled due to the seasonal downturn and low downstream demand, especially in the Bisphenol A (BPA) sector. Further dampening the environment in the downstream markets was the monsoon rains which limited activity in the paints and coatings industry, hence suppressing offtake. While feedstock benzene prices have increased slightly, the plentiful supply from Asian exporters, and easy customs clearance has led to a deeper bearish market sentiment pushing acetone prices lower.
As per 果酱视频, the acetone prices in China are expected to see a slight increase in September ****. From a supply perspective, traders could start securing products for Q* production needs, and domestic plants could witness a little change, with the expected operating rate at *** for phenol-ketone.
On August **, ****, the acetone prices...
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