The American Acetone market remained flat during the initial part of May, with no price change in the wake of a scenario of sufficient supply and weak demand. The price stability is despite the overall concern about the uncertainty of demand and fluctuating trade patterns still hang over the near-term direction of the market.
The flat market prices of the U.S. Acetone industry are due to a lack of trading activity and fairly balanced demand. The market players say that even with the adequate supply, there is no good demand-side pressure to drive prices in the market. The traders and the market players have not had much business in the market recently. There is an adequate supply, but there is no hard push on the demand side. Acetone prices were offered at USD xxxx-xxxx/MT FOB Texas, the same as during the...
